Industry & Business

Eir revenues increase 4% to €325m in first quarter of its financial year

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Eir revenues increase 4% to €325m in first quarter of its financial year

Eir revenues increase 4% to €325m in first quarter of its financial year
November 25
16:30 2015

Eir – formerly Eircom – posted a second consecutive quarter of revenue growth and a third consecutive quarter of EBITDA growth in the first quarter of its financial year.

The company has been struggling in a highly competitive market in recent times but the figures will cheer management after a high-profile rebrand.

Revenue in the quarter of €325 million increased by 4% or €12 million compared to the corresponding prior year period.

Commenting on today’s announcement, Richard Moat, CEO eir, said: “Our investment continues as we build a best in class fixed and mobile network for Ireland. We already deliver high speed broadband to 1.3 million homes and businesses across the country and we continue to enable additional communities as we progress towards our target of reaching 1.9 premises. Take up of fibre broadband continues at pace as we recorded our strongest quarter to date. This has underpinned growth in the total number of broadband customers on our network.

“Beyond that, it is our intention to fully participate in the National Broadband Plan as we share the Government’s vision that everyone in Ireland should have access to high speed broadband.

“Our commitment to customer care has been underlined as we became the first operator in Ireland to introduce 24/7 broadband and TV support, and we have made further progress simplifying our processes and operations to control our cost base” added Richard Moat.

 

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