Telia Lietuva, AB
CORRECTION: Results for the nine months of 2012
The announcement is resubmitted due to technical mistakes.
On 15 October 2012, the Board of TEO LT, AB (hereinafter – “TEO” or “the Company”) approved unaudited TEO LT, AB Consolidated Interim Financial Statements, prepared according to International Financial Reporting Standards as adopted by the European Union, for the nine months period ended 30 September 2012.
The total revenue for the nine months of 2012 was LTL 571 million (EUR 165 million), an increase by 2.9 per cent over the total revenue of LTL 554 million (EUR 161 million) for the nine months of 2011.
EBITDA for the nine months of 2012 increased by 3.7 per cent to LTL 236 million (EUR 68 million) over LTL 228 million (EUR 66 million) for the same period year ago. EBITDA margin amounted to 41.4 per cent (41.1 per cent in 2011).
Profit before income tax for the nine months of 2012 was up by 6.3 per cent and amounted to LTL 139 million (EUR 40 million) (LTL 131 million (EUR 38 million) a year ago).
Profit for the period in January-September 2012 amounted to LTL 124 million (EUR 36 million), an increase by 5.3 per cent over the profit of LTL 117 million (EUR 34 million) for the same period year ago. The profit margin was 21.7 per cent (21.2 per cent a year ago).
Management’s comment on financial results for the nine months period of 2012:
“With the Lithuanian telecommunications market decreasing by 5 per cent (y-o-y) for the six months of 2012, TEO revenue for the nine months of 2012 increased by 2.9 per cent compared to the same period in 2011. Although revenue from voice services decreased by 3.9 per cent, it was fully compensated by the increase in revenue from Internet services (by 8.2 per cent), TV services (23.8 per cent) and IT services (41.6 per cent).
TEO operating expenses remained under strict control – an increase by 2.5 per cent. The rate of increase in operating expenses being lower than that in revenue enabled the Company to achieve a higher EBITDA margin (well exceeding 41 per cent) than it was a year ago.
The Company’s Internet customer base exceeded 380 thousand, while the TV customer base reached 162 thousand. During the third quarter of 2012, TEO introduced a new version of its Interactive GALA TV service which provides new television watching experiences that never existed before.
TEO capital investments, most of which went for the development of the next-generation fiber-optic network, stood at LTL 100 million (EUR 29 million).”
TEO LT, AB Consolidated Interim Financial Statements for the nine months period ended 30 September 2012.
Presentation of TEO LT, AB Group results for the nine months of 2012.
Head of Investor Relations,
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