The Board of
Fourth quarter of 2020:
- Total revenue amounted to
- EBITDA was
- Profit for the period was
Twelve months of 2020:
- Total revenue amounted to
- EBITDA was
- Profit for the period was
- Free cash flow amounted to
Management comment:
The last quarter of 2020 has been an eventful one. We announced about partnership with Ericsson for modernisation of existing mobile network and 5G network rollout in
From November the country is back into lockdown. Our retail outlets remain opened but only vital services being provided such as mobile signature or pick-up of equipment. Majority of the Company’s employees continue working at remote mode, while engineers ensure installation of new and uninterrupted provision of daily services. We continued to contribute to the fight against the consequences of coronavirus (COVID-19) in
The drastic but necessary travel restrictions had a negative impact on the telecommunications business due to decline in roaming services, but remote work, education and the tremendous breakthrough in business digitisation meant only one thing to us: even better quality, more data, IT services, TV content and equipment.
Recent forecast of the
During October-December of 2020, the biggest intake of new customers was recorded in number of prepaid (8 thousand) and post-paid (6 thousand) mobile service subscriptions. Number of TV and fiber-optic Internet service users grew by 2 thousand each, while number of DSL connection eased by just 1 thousand and fixed telephony lines by 9 thousand.
Over the last twelve months:
- number of mobile service subscriptions grew by 3.8 per cent up to 1,398 thousand,
- number of TV service users increased by 3.7 per cent up to 253 thousand,
- number of FTTH Internet connections went up by 0.7 per cent up to 297 thousand.
Revenue for the fourth quarter of 2020 exceeded
Over the year, comparing the twelve months of 2020 with the same period a year ago:
- revenue from IT services grew by 23.1 per cent,
- revenue from TV services increased by 16.9 per cent,
- comparable (like for like) revenue from billed mobile services was up by 5.6 per cent,
- equipment sale went up by 4.3 per cent.
The Company’s expenses were under control and that in combination with increased revenue led to a higher than in 2019 EBITDA. The Company also continued to generate strong cash flows. Capital investments during the last quarter of 2020 has surged and for the full year were 2.3 per cent higher than in 2019. Almost half of invested amount went to development of fixed network while one third – to upgrade of the Company’s IT systems under business transformation program. Mobile network development ensured our leadership in mobile Internet speed race with an average 85.1 Mbps speed in the Company’s network according to the latest measurement of Communications Regulatory Authorities.
For constant improvements, good capital management and decent growth figures
In
By the end of 2020, the Company together with the other
ENCL.:
-
- Presentation of
Darius Džiaugys,
Head of Investor Relations,
tel. +370 5 236 7878,
e-mail: darius.dziaugys@telia.lt
Attachments
- Telia_Lietuva_2020_12_months_results_presentation
- Telia_Lietuva_2020_12_months_financial_statements
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