The Slovenia Times

Telco profit up 88% to EUR 70.6m through three quarters


Net sales stood at EUR 549.5m through nine months, although a comparison with last year is not completely reliable because the group excluded revenues at its former Macedonian subsidiary One as of July.

Revenues in fixed and mobile telephony continued to decline due to a drop in wholesale prices, Telekom Slovenije said in its quarterly report, but sales of ICT services rose by 85%.

Net profit was boosted by a major bump in financial revenues, which grew by 183% to EUR 38.5m, according to an unaudited statement.

One was partly offloaded in July as part of a merger with Telekom Austria subsidiary VIP that created a joint venture in which Telekom Slovenije holds a minority holding. Telekom can sell its 45% stake fully to Telekom Austria within three years.

Earnings before interest, taxes, depreciation and amortisation (EBITDA) for the period stood at EUR 160.2m, which is 3% less than in the same period last year.

Adjusted for the effects of its sold holdings in One and Gibraltar-based Gibtelecom, EBITDA rose by 16% year-on-year.

Operating profit for the group was meanwhile at EUR 45.5m, which is 5% less than a year ago.

Key segments all saw growth in user numbers, with mobile telephony users rising by 1%, IP TV users up by 4.3% and broadband internet users growing by 3.6%, according to the report from Telekom.


More from Nekategorizirano