Telia Lietuva results for the nine months of 2021
21 Octubre 2021 - 12:00AM
Telia Lietuva results for the nine months of 2021
The Board of Telia Lietuva, AB (hereinafter “Telia
Lietuva” or “the Company”) approved unaudited Telia Lietuva, 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
2021.
Third quarter of 2021:- Total revenue amounted
to EUR 106.2 million, an increase by 6 per cent over the revenue of
EUR 100.2 million in the third quarter of 2020.- Adjusted EBITDA,
excluding non-recurring items, was EUR 38 million, an increase by
7.1 per cent over EBITDA, excluding non-recurring items, of EUR
35.5 million in the third quarter of 2020. - EBITDA was EUR 37.7
million, an increase by 7.8 per cent over EBITDA of EUR 35 million
a year ago.- Profit for the period was EUR 16.1 million, up by 6.3
per cent over the profit of EUR 15.1 million a year ago.
Nine months of 2021:- Total revenue amounted to
EUR 307.5 million, an increase by 6.2 per cent over the revenue of
EUR 289.5 million for the nine months of 2020.- Adjusted EBITDA,
excluding non-recurring items, was EUR 106 million and grew by 4.1
per cent over EBITDA, excluding non-recurring items, of EUR 101.8
million for January-September of 2020. - EBITDA was EUR 106.5
million, an increase by 5.5 per cent over EBITDA of EUR 100.9
million a year ago.- Profit for the period was EUR 41.5 million, up
by 6.3 per cent over the profit of EUR 39 million a year ago.- Free
cash flow amounted to EUR 62.8 million and was 1.8 per cent lower
than free cash flow of EUR 63.9 million a year ago.
Management comment:The third quarter of 2021
was the good one in terms of revenue growth and profitability in
spite of growing pressure from labour and energy markets. The
second COVID-19 pandemic caused quarantine in Lithuania was
officially over on 1 July 2021. Employees of the Company were
enabled to combine work in the office with remote work from home or
other locations. Eased restrictions on cross-border travelling
revived the revenue stream from roaming services. Still, customers’
demand for cloud and remote work solutions, wider range of
equipment suitable for work from home persist.
During the quarter number of mobile communication users
continued to grow – increased by 40 thousand, while broadband
Internet and pay-TV markets are showing signs of saturation.
Quarterly intake of new broadband Internet users was 2 thousand,
and number of IPTV subscriber remained unchanged. Nevertheless,
over the last twelve months:- number of mobile service
subscriptions grew by 4.7 per cent up to 1,449 thousand,- number of
fiber-optic Internet connections went up by 2.4 per cent up to 302
thousand,- number of TV service users increased by 1.2 per cent up
to 254 thousand.
Revenue growth was ensured by increasing ARPU in our main
activities – mobile communication, broadband Internet and TV
services; implementation of number of IT projects for business
customers as well as better sale of equipment and flagship smart
devices. Over the year, comparing the nine months’ period of 2021
with the same period a year ago:- revenue from IT services grew by
26 per cent,- revenue from TV services increased by 12.6 per cent,
- revenue from broadband Internet services went up by 11.2 per
cent,- revenue from billed mobile services was up by 9.9 per
cent.
During the third quarter of 2021, modernisation of the Company’s
mobile network under strategic partnership with Ericsson has
accelerated. More than 250 base stations that support 2G, 3G, 4G
and 5G connection are already upgraded with Ericsson equipment and
that lays a solid foundation for future 5G deployment. We will be
ready to provide commercial 5G services to our customers once the
auction of 5G frequencies will take place.
Telia Lietuva has joined the memorandum signed by the main
Lithuanian telecommunications operators and state institutions. All
parties agreed to cooperate aiming to launch 5G network in Vilnius
by 2022, in five largest cities of Lithuania – by 2023 and by 2025
in all towns, international transport routes as well as on the
state importance roads, railways and ports. It also sets a goal to
ensure Internet speed of 100 Mbps available to at least 95 per cent
of Lithuanian households and along all major transport routes.
The Company’s customers from the end of 2020 already had a
possibility to test non-commercial 5G connection in three largest
cities of Lithuania. Currently, the average Internet download speed
in Telia Lietuva mobile network is 90.9 Mbps.
The investments into modernisation of the Company’s mobile
network during January-September of 2021 amounted to EUR 18.8
million which is 2.5 time more than a year ago. The total capital
investments including business transformation program were 39.4 per
cent higher and amounted to EUR 52 million (EUR 37.3 million for
nine months of 2020).
ENCL.: - Telia Lietuva, AB Consolidated Interim Financial
Statements for the nine months’ period ended 30 September 2021.-
Presentation of Telia Lietuva, AB results for the 9 months of
2021.
Darius Džiaugys, Head of Investor Relations, tel. +370 5 236
7878, e-mail: darius.dziaugys@telia.lt
- Telia_Lietuva_2021_9 months_Financial_statements
- Telia_Lietuva_2021_9_months_results_presentation
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