Tiscali’s Board of Directors approves 1H2006 results

Cagliari, 14th September 2006 - The Board of Directors of Tiscali has approved the results of the first half year ending on 30 June 2006, confirming the positive trend of Tiscali Group’s economic and financial results.

In the first six months of 2006, the Tiscali Group’s revenues stood at EUR 412.5 million, up 17% compared to the same period of 2005 (EUR 353.7 million), thanks in particular to the continuously growing trend of revenues from ADSL access services. 

• Revenues at EUR 412.5 million, +17% YoY
• Gross Operating Result ( EBITDA) at EUR 63.8 million, + 22% YoY
• 360,000 new ADSL customers, bringing total broadband customers to over 2 million, more than one quarter receiving ULL services

At 30 June 2006, the Gross Operating Result (EBITDA), before provisions for risks, write downs and depreciation, stood at EUR 63.8 million, showing a 22% improvement as compared to EUR 52.4 million of the first half 2005. The gross operating result margin increased from 14.8% to 15.5%.

To read more click on Press Release (.pdf)