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Telia screen. Photo by Judita Grigelyts (V)
Lithuanian telco Telia’s revenue for the three quarters of the year, as well as the same quarter of the year, stood at a record level of LTL 100.2 million. EUR (increased 0.9%). The company’s EBITDA, excluding non-recurring items, fell 6.3% to 35.5 million. EUR. This is the highest figure since the start of the business combination in 2017.
The third quarter profit was $ 15.1 million. EUR and increased 14.9% during the year.
During the nine months, Telia Lithuania’s sales increased 2.9% to LTL 289.5 million. EUR. EBITDA for three quarters, excluding single sleep, increased 5.6% year-on-year to 101.8 million. Net profit for the year increased 3.3% to € 39 million. EUR. At the same time, free cash flow exceeded 34.6% to 63.9 million LTL. Eur, write in the company report.
Tens of thousands of new private customers, strong growth in demand for cloud computing and data center solutions, and our leadership in networking have provided strong growth momentum. Along with business efficiency, we will strive to maintain it by utilizing the greatest strengths of Telia1’s service values for businesses and leading the way in preparing for the 5G connection implementation in Lithuania, says Danas Strombergas, CEO of Telia Lithuania. Since August, he has also been responsible for the Lithuanian, Estonian and Danish markets at Telia Company Group.
According to the company’s report, new IT solutions agreements with private companies and public sector organizations resulted in a nine-month increase in IT services revenue of more than one-fifth to 21.8%. Despite the significantly lower number of live sports broadcasts during the quarantine, TV service sales also grew by a staggering 15.4%. Comparable mobile service revenues (excluding mobile phone insurance) increased 4.7% during the year.
From July to September, compared to the same period last year, the number of prepaid mobile subscribers increased by 19,000 and the number of regular payments by 10,000. The number of users of broadband television and Internet services increased by 2,000 each.
The number of households using Telia1, which combines fixed and mobile services, exceeded 70,000 and increased by a third in the year.
The total investment in the modernization of the network during the nine months amounted to 37.3 million LTL. EUR. Above all, 26.1 million. Eur for the renewal of the main network and the development of the fiber optic and mobile communications network.
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