Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Lithuania
  4. Nasdaq Vilnius
  5. Telia Lietuva, AB
  6. News
  7. Summary
    TEL1L   LT0000123911

TELIA LIETUVA, AB

(TEL1L)
  Report
Delayed Quote. Delayed Nasdaq Vilnius - 11/26 08:52:46 am
2.02 EUR   -0.49%
10/22TELIA LIETUVA : Quarterly Earnings
PU
10/21TELIA LIETUVA RESULTS : a strong leap in sales and investments
PU
10/21TELIA LIETUVA : results for the nine months of 2021
AQ
SummaryQuotesChartsNewsCalendarCompanyFinancials 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Telia Lietuva : results for the nine months of 2021

10/21/2021 | 01:00am EST

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


Attachments

  • Telia_Lietuva_2021_9 months_Financial_statements
  • Telia_Lietuva_2021_9_months_results_presentation

© OMX, source GlobeNewswire - EU Press Releases

Stocks mentioned in the article
ChangeLast1st jan.
TELIA COMPANY AB -2.09% 35.375 Delayed Quote.4.17%
TELIA LIETUVA, AB -0.49% 2.02 Delayed Quote.11.23%
All news about TELIA LIETUVA, AB
10/22TELIA LIETUVA : Quarterly Earnings
PU
10/21TELIA LIETUVA RESULTS : a strong leap in sales and investments
PU
10/21TELIA LIETUVA : results for the nine months of 2021
AQ
10/13TELIA IS READY FOR COMMERCIAL 5G LAU : Installed 250 Base Stations
PU
07/21TELIA LIETUVA : Quarterly Earnings
PU
07/21Telia Lietuva, AB Reports Earnings Results for the Second Quarter Ended June 30, 2021
CI
07/21TELIA LIETUVA : Growth in the number of customers and their needs has catalysed Telia's re..
PU
07/21TELIA LIETUVA : results for the six months of 2021
AQ
06/03TELIA LIETUVA : presentation to investors at event 'CEO Meets Investors'
AQ
05/28TELIA LIETUVA : Douglas Lubbe re-elected as a Chair of the Board of Telia Lietuva, appoint..
AQ
More news
Financials
Sales 2020 398 M 451 M 451 M
Net income 2020 55,9 M 63,2 M 63,2 M
Net Debt 2020 126 M 142 M 142 M
P/E ratio 2020 19,0x
Yield 2020 5,48%
Capitalization 1 177 M 1 332 M 1 332 M
EV / Sales 2019 2,29x
EV / Sales 2020 2,99x
Nbr of Employees 2 044
Free-Float 11,9%
Chart TELIA LIETUVA, AB
Duration : Period :
Telia Lietuva, AB Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Managers and Directors
Dan Olov Stromberg Chief Executive Officer
Arunas Linge Head-Finance
Douglas Gordon Lubbe Chairman
Andrius Šemeškevicius Head-Technology Infrastructure
Claes Johan Ingemar Nycander Independent Director
Sector and Competitors
1st jan.Capi. (M$)
TELIA LIETUVA, AB11.23%1 326
VERIZON COMMUNICATIONS-11.83%216 857
CHINA MOBILE LIMITED6.11%124 344
CHARTER COMMUNICATIONS, INC.1.68%120 607
NIPPON TELEGRAPH AND TELEPHONE CORPORATION19.49%100 250
DEUTSCHE TELEKOM AG7.98%89 615