Telio delivers growth and continued good profitability
in the 2nd quarter
- 6,019 new customers*) in 2nd 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 6,019 net new customers in the second quarter. Revenues in the second quarter ended at NOK 99.4 million.
- With an underlying revenue growth of 6% 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 6,019 net new customers in the quarter compared to 1,695 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.
Introduced new services
Telio introduced fixed and mobile broadband services at the
beginning of 2012. 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 1,603 broadband lines in the
second 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 been a success 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 58,500 subscribers
in the Netherlands. Net increase in customers in the
Netherlands was 3,606.
Strong financial results
In the 2nd quarter 2012, the Telio Group achieved revenues of
NOK 99.4 million compared to NOK 97.2 million in the year-ago
quarter. EBITDA was NOK 31.4 million (31.5% EBITDA margin)
compared to NOK 33.2 million (34.2 % EBITDA margin) in the
same quarter last year. Operating profit ended at NOK 20.9
million compared to NOK 23.5 million in the 2nd 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.
*) Customers defined as product sales, not unique customers
(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.no/om_telio/presse/logo_og_bilder
.
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