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EMEA telcos' 2007 results are strong as possible market downturn nears (Ovum)
- Market: Telecommunications
- Published Date: 17/04/2008
- Report Title: EMEA telcos' 2007 results are strong as possible market downturn nears
- Table of Contents: View Table of Contents
- Report Type: Market Report
- Country: Europe
- Number of Pages: 8
As the euro appreciated 8.3% versus the US dollar in 2007, telecom revenues for 52 carriers grew (in US dollars) at a faster 15% pace to $504 billion, net income grew 31% to attain an average net margin of 13.2%, and operating cash flow (OCF, or revenues less opex less capex) held steady at a bit over 20% of revenues. OCF’s stability was aided by capex, which rose by just 13.5%. Operators in the Middle East, Africa, and CIS markets retain above-average net margins and OCF.
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