German mobile service provider freenet has reported group revenues of EUR2.375 billion (USD3.2 billion) in the first nine months of 2011, a decrease of 4.3% year-on-year, while third-quarter turnover dropped from EUR843 million to EUR829 million. The company said that recurring group earnings before interest, tax, depreciation and amortisation (EBITDA) – adjusted for one-off items – totalled EUR263.9 million in 9M 2011, down from EUR270.6 million in the year-ago period. Net profit for the first nine months of 2011 reached EUR77.8 million (including EUR77.7 million from continued operations), up from EUR73.0 million in 9M 2010, and rose from EUR28.6 million in the third quarter of 2010 to EUR20.8 million in Q3 2011
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OVETEL freenet improves guidance for FY 2011
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