The Board of
Third quarter of 2020:
- Total revenue amounted to
- EBITDA, excluding non-recurring items, was
- Profit for the period was
Nine months of 2020:
- Total revenue amounted to
- EBITDA, excluding non-recurring items, was
- Profit for the period was
- Free cash flow amounted to
Management comment:
We could call the third quarter of 2020 as back to new normal where retail outlets are opened, employees returned to the office and during quarantine suspended services are reordered.
On the other hand, we still have cross boarder travelling restrictions that affect our roaming services. The pandemic has also changed pattern of customers’ behaviour and purchase preferences. We observe an ongoing demand for connection speed and capacity, cloud and data center solutions for businesses, laptops and TV sets for home.
Intake of new customers continued during July-
Over the last twelve months:
- number of mobile service subscriptions grew by 3.4 per cent up to 1,384 thousand,
- number of TV service users increased by 4.6 per cent up to 251 thousand,
- number of FTTH Internet connections went up by 1.7 per cent up to 295 thousand.
Revenue for the third quarter of 2020 – similar as a year ago – exceeded
Over the year, comparing the nine months’ period of 2020 with the same period in 2019:
- revenue from IT services grew by 21.8 per cent,
- revenue from TV services increased by 15.4 per cent,
- comparable (like for like) revenue from billed mobile services was up by 4.7 per cent.
Increased operations efficiency led to a record high quarterly EBITDA (excluding non-recurring expenses) standing at a 35.4 per cent margin. Improved EBITDA in combination with positive changes in working capital generated strong cash flows. This year capital expenditure is lower than in 2019. For the nine months of 2020, capital investment amounted to
The quarantine proved that digitalisation of our customers’ experience is the right strategy and it should be accelerated while not losing the quality and customer focus. The recent secret buyer’s test performed by independent researchers showed that our customer care at retail shops compared with the other operators in
The Chair of the Board,
ENCL.:
-
- Presentation of
Darius Džiaugys,
Head of Investor Relations,
tel. +370 5 236 7878,
e-mail: darius.dziaugys@telia.lt
Attachments
- Telia_Lietuva_2020_9_months_Financial_Statements
- Telia_Lietuva_2020_9_monhts_results_presentation
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