NEXTGENTEL HOLDING ASA 
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- 6,088 new customers in 1st quarter
Telio continues to deliver strong results, thereby confirming their position as a leading European provider of access independent broadband telephone services. Telio increased its customer base by 6,088 net new customers in the first quarter after the introduction of broadband services from January. Revenues in the first quarter ended at NOK 98.5 million.
- With an underlying revenue growth of 4% we have more than compensated for the revenue loss from the introduction of VAT on electronic services from 1 July 2011 which makes us very satisfied. Through increased investments in sales and marketing the company acquired 6,088 net new customers in the quarter compared to 1,668 new customers in the same quarter in 2011. This will contribute to future growth in revenues and profits, says Eirik Lunde, CEO of Telio Holding ASA.
Introducing new services
Telio introduced fixed and mobile broadband services at the end of the fourth quarter 2011. With these new services in addition to a new MVNO agreement, Telio provides a complete and competitive service offering to both the residential and the business segment. The offering now comprises broadband telephony, fixed broadband, mobile, mobile broadband and web based switchboard. The company sold 1,493 broadband lines in the first quarter.
Good growth in Norway
The focus on the business segment in Norway continues to show promising results and the introduction of broadband services has had a good start in the residential market.
Continued growth in international markets
Telio continues to grow also in the markets outside Norway. Especially, the Dutch operation has achieved strong growth and the company now has a customer base of 55,000 subscribers in the Netherlands. Net increase in customers in the Netherlands was 4,039.
Strong financial results
In the 1st quarter 2012, the Telio Group achieved revenues of NOK 98.5 million compared to NOK 98.1 million in the year-ago quarter. EBITDA was NOK 28.1 million (28.5% EBITDA margin) compared to NOK 33.3 million (33.9 % EBITDA margin) in the same quarter last year. Operating profit ended at NOK 18.2 million compared to NOK 23 million in the 1st quarter of 2011. Revenues and results from the third quarter 2011 and onwards are negatively affected by the introduction of VAT on electronic services from 1 July 2011.
(See separate financial report and market presentation for Q1 2012 at http://www.telioholding.no/investor_relations/reports_presentations)
For further information, please contact:
Mr. Eirik Lunde, CEO
Telephone: +47 23 62 66 88.
Mobile: +47 48 09 69 64
E-mail: eirik.lunde@telio.no
Download high definition pictures of CEO Eirik Lunde at http://www.telio.ch/om_telio/presse.
Telio continues to deliver strong results, thereby confirming their position as a leading European provider of access independent broadband telephone services. Telio increased its customer base by 6,088 net new customers in the first quarter after the introduction of broadband services from January. Revenues in the first quarter ended at NOK 98.5 million.
- With an underlying revenue growth of 4% we have more than compensated for the revenue loss from the introduction of VAT on electronic services from 1 July 2011 which makes us very satisfied. Through increased investments in sales and marketing the company acquired 6,088 net new customers in the quarter compared to 1,668 new customers in the same quarter in 2011. This will contribute to future growth in revenues and profits, says Eirik Lunde, CEO of Telio Holding ASA.
Introducing new services
Telio introduced fixed and mobile broadband services at the end of the fourth quarter 2011. With these new services in addition to a new MVNO agreement, Telio provides a complete and competitive service offering to both the residential and the business segment. The offering now comprises broadband telephony, fixed broadband, mobile, mobile broadband and web based switchboard. The company sold 1,493 broadband lines in the first quarter.
Good growth in Norway
The focus on the business segment in Norway continues to show promising results and the introduction of broadband services has had a good start in the residential market.
Continued growth in international markets
Telio continues to grow also in the markets outside Norway. Especially, the Dutch operation has achieved strong growth and the company now has a customer base of 55,000 subscribers in the Netherlands. Net increase in customers in the Netherlands was 4,039.
Strong financial results
In the 1st quarter 2012, the Telio Group achieved revenues of NOK 98.5 million compared to NOK 98.1 million in the year-ago quarter. EBITDA was NOK 28.1 million (28.5% EBITDA margin) compared to NOK 33.3 million (33.9 % EBITDA margin) in the same quarter last year. Operating profit ended at NOK 18.2 million compared to NOK 23 million in the 1st quarter of 2011. Revenues and results from the third quarter 2011 and onwards are negatively affected by the introduction of VAT on electronic services from 1 July 2011.
(See separate financial report and market presentation for Q1 2012 at http://www.telioholding.no/investor_relations/reports_presentations)
For further information, please contact:
Mr. Eirik Lunde, CEO
Telephone: +47 23 62 66 88.
Mobile: +47 48 09 69 64
E-mail: eirik.lunde@telio.no
Download high definition pictures of CEO Eirik Lunde at http://www.telio.ch/om_telio/presse.
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