The Board of
First quarter of 2021:
- Total revenue amounted to
- EBITDA was
- Adjusted EBITDA (excluding non-recurring items) amounted to
- Profit for the period was
- Free cash flow amounted to
Management comment:
During the first three months of 2021 we continued to operate under second COVID-19 quarantine imposed in
Majority of the Company’s employees continue to work from home nevertheless we are preparing for the post-pandemic way of working by introducing the workcation – a possibility to work from any EU country up to one month per year.
The pandemic revealed the importance of connectivity quality and speed. Our continuous investments into upgrade and expansion of both fixed and mobile networks reflects in growing number of customers and the highest average speed of mobile Internet in the country – 93.5 Mbps. In response to increased demand for IT services and solutions we expanded and modernised one of our data centre in
Also we have started a strategic project to upgrade our mobile network with Ericsson equipment throughout
In February, we’ve launched eSIM services using the most advance VoLTE technology. We kicked-off with Samsung smartphones and watches, but soon eSIM service will be available with devices of other vendors.
By the end of March we already had 80 thousand of households appreciating benefits of unique on the market converged service offer, Telia1. Over the last twelve months:
- number of mobile service subscriptions increase by 2.7 per cent up to 1,385,
- number of IPTV users grew by 2.8 per cent up to 253 thousand,
- number of FTTH Internet customers was up by 1.5 per cent up to 299 thousand.
Intake of new customers in combination with the persisting demand for quality connectivity and content as well as IT solutions drives revenue up. Compared with first quarter of 2020 over the year:
- revenue from IT services surged by 26.5 per cent,
- revenue from TV services grew by 11.6 per cent,
- revenue from broadband Internet services increased by 8.7 per cent,
- revenue from billed mobile communication services went up by 5.2 per cent.
Higher revenue and control of operating expenses resulted in higher earnings in 2021 that a year ago. Also, during the first quarter of 2021 we sold our office building in Kaunas and recorded a
We remain committed to our sustainability agenda. Together with the colleagues from
The Company’s Board proposed to the Annual General Meeting of Shareholders that will be held on
ENCL.:
-
- Presentation of
Darius Džiaugys,
Head of Investor Relations,
tel. +370 5 236 7878,
e-mail: darius.dziaugys@telia.lt
Attachments
- Telia_Lietuva_2021_3_months_Financial_Statements
- Telia_Lietuva_2021_3_months_results_presentation
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