Equant Romania projects 4.5 - 5.4m euros in net profit

Communications service provider Equant Romania, owned entirely by France Telecom, estimates that this year it will post a net profit ranging from 4.5 to 5.4 million euros, with a turnover worth 30 million euros, Tiberiu Sandu, the company’s general manager, told ZF. “Some 20 million euros will be derived in revenue from local clients, with the remaining 10 million euros to be secured from contracts negotiated outside of Romania, from international companies present on the local market. Earnings before interest, taxes, depreciation and amortisation (EBITDA) will stand at some 44-45%, and net profit will be in the region of 15-18%,” explained Sandu. Last year, Equant Romania reported a turnover worth 53.5 million RON (14.77 million euros) and losses worth 4.14 million RON (1.14 million euros), according to company data published in the Official Gazette. In 2004, Equant had logged a profit worth 0.94 million euros, and turnover worth 15.6 million euros.