Hong Kong-based Hutchison Whampoa's 3 Group, which offers 3G mobile services in six European countries, has posted consolidated revenues of HKD27.99 billion (USD3.61 billion) for the first six months of 2012, down by 0.3% year-on-year in reported currency, although in local currencies the collective ‘3’ subsidiaries achieved an overall 6% increase in revenues. Only 3 Denmark saw a revenue decrease (11%) in the six months ended 30 June 2012, while local currency sales increases were posted by the group’s mobile units in the UK (5%), Italy (6%), Sweden (12%), Austria (9%) and Ireland (17%). EBITDA across the European group climbed 4% y-o-y to HKD4.10 billion in January-June 2012, with 3 Italia the star performer, reporting a 28% EBITDA rise, followed by the UK and Ireland with respective EBITDA increases of 16% and 12% in the six-month period.
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OVETEL 3 Group’s EBITDA rises 4% despite flat sales in HKD terms
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