LONDON (dpa-AFX) - Colt Group S.A. (COLT.L), in its IMS for the three months ended March 31, said its EBITDA was flat with last year, with the reduction in revenue offset by continued tight control of costs. Revenues for the period slid 1.3 percent, driven by a fall in Voice revenue, partially offset by revenue growth in data and managed services.
For the quarter, EBITDA was 80.5 million euros, flat compared to last year's 80.6 million euros. The EBITDA margin remained largely stable at 20.5 percent, versus 20.3 percent a year ago.
First-quarter Group revenue totaled 392.1 million euros, lower than last year's 397.3 million euros.
During the quarter, the group said, its CES sales included three new contract wins of over 1 million euros annual contracted value, including a major additional contract with Europcar to provide managed network services supporting their pan-European IT transformation plan.
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