OTEGLOBE has been ranked among the 6 leading companies in Greece with continuously increasing EBITDA profitability from 2007 until 2011, according to the annual guide «Business Leaders in Greece 2011» of ICAP. ICAP Group is one of the most successful and well-recognized regional Business Services Groups in South Eastern Europe with prime focus in Finance http://www.icap.gr/Default.aspx?id=0&nt=0&lang=2
This ranking has been achieved despite the difficult condition of the Greek economy, with OTEGLOBE presenting an impressive financial growth in the last 5 years, with a 60% increase of revenues and doubling of its EBITDA, recording at the same time constant growing trends.
According to OTEGLOBE’s financial results for 2011 that were announced earlier this year, the company’s revenue reached € 265.489.000, recording a 12% increase from 2010, while EBITDA was increased by more than 38%.
The dynamic course of OTEGLOBE is also recorded in ICAP’s print guide «Βusiness Leaders in Greece», where according to the charts with the “Leading Companies with the highest EBITDA profits”, OTEGLOBE, from the 143rd position that it held in 2008, moved up to the 116th in 2009, to the 77th in 2010 and reached the 53rd position in 2012!
“We are proud of this honorable distinction, but we won’t stop here. Henceforth, based on our financial stability and by further enhancing our international orientation, we aim to expand our business in the rapidly growing economies of the Middle East, North Africa and South East Asia”, states characteristically Mr. Dino Andreou, OTEGLOBE’s CEO. “Our strategy is to establish Greece as an alternative telecommunications hub in the Mediterranean and overcome any possible losses from Greece and the Balkans, by reinforcing our exports to the new, developing markets.