T-Online ups rev and profit
Stays in black
Europe's biggest ISP, T-Online, added 200,000 broadband customers during the summer, taking its ADSL subscriber base to 2.5 million.
This healthy growth in broadband punters helped deliver a 38 per cent growth in revenues for the first nine months of 2002 compared to the same period last year.
Net revenues for the three months to the end of September rolled in at €383m, up from the €270m during the same quarter last year.
This performance means that the outfit has recorded its second consecutive quarter in the black with an EBITDA (earnings before interest etc) profit of €35.6m, compared to an EBITDA loss of €34.8m last year.
Last quarter T-Online reported an EBITDA profit of €28.8m.
T-Online's total European subscriber base grew to more 11.8 million at the end of September - a 21 per cent increase on last year. In particular, subscriber growth in France grew 44 per cent to almost one million.
In France T-Online is represented by the brand Club Internet, in Spain with Ya.com and in Portugal with Terravista. In Austria, Germany and Switzerland it is run under the T-Online brand. ®