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TEO: Results for the three months of 2013

Spekuliantai.lt | 2013-04-17 | NASDAQ OMX biržų naujienos | perskaitė: 1104
Raktiniai žodžiai: TEO LT, TEO
TEO: Results for the three months of 2013

TEO LT, AB Interim information 17.04.2013

Results for the three months of 2013

On 17 April 2013, the Board of TEO LT, AB (hereinafter – “TEO” or “the
Company”) approved unaudited TEO LT, AB Consolidated Interim Financial
Statements, prepared according to International Financial Reporting Standards
as adopted by the European Union, for the three months period ended 31 March
2013.

The total revenue of TEO Group in January-March of 2013 was LTL 183 million
(EUR 53 million), a decrease by 4.1 per cent over the total revenue of LTL 190
million (EUR 55 million) in the first three months of 2012, but, excluding
one-off sale of IT equipment during the first quarter of 2012, underlying
revenue grew by 0.7 per cent.

EBITDA for the first three months of 2013 was on the same level as a year ago
and amounted to LTL 74.4 million (EUR 22 million). EBITDA margin amounted to
40.8 per cent while a year ago it was 39.1 per cent.

Profit before income tax in the first three months of 2013 eased by 1.2 per
cent and amounted to LTL 41.9 million (EUR 12.1 million) (LTL 42.4 million (EUR
12.3 million) a year ago).

Profit for the period amounted to LTL 38.3 million (EUR 11.1 million) , an
increase by 3 per cent over the profit of LTL 37.1 million (EUR 10.8 million)
for the same period year ago. The profit margin increased from 19.5 per cent a
year ago to 20.9 per cent.

Management’s comment on financial results for the three months period of 2013:

“With the Lithuanian telecommunications market still going down, TEO results
for the first quarter of 2013 were good. Over the year, revenue, excluding
non-recurring IT equipment sales in 2012, went up by 0.7 per cent, while
operating expenses, even excluding one-off expenses in 2012, went down by 0.3
per cent. The revenue growth was driven by an increase in the Internet and IPTV
customer’s base and in Internet ARPU, as well as a better revenue flow from
data communication services. The net profit was higher by 3 per cent compared
with the first quarter of 2012, the operating profit (EBIT) margin increased to
22.8 per cent.

TEO continued its commitment to deployment of the fast next-generation
fiber-optic network in Lithuania. This allowed the Company to reach over 389
thousand of Internet and 97 thousand of IPTV customers. Revenue growth in
Internet, IPTV and IT services allowed the Company to fully compensate revenue
loss from fixed voice telephony services.

During the first quarter, TEO, responding to customer needs, made attractive
voice telephony service offers for calls within the country and abroad,
continued the sale of its super-fast Internet plan of 300 Mbps and popular
bundled proposals “Namai 1”, “Namai 2” and “Namai 3”. TEO improved its IPTV
service and expanded its proposal for IT equipment by offering customers tablet
and laptop personal computers.

With the signs of some economic stabilisation and good forecasts for 2013, the
Company is confident that it will deliver a good return to its shareholders.”



ENCL.:
- TEO LT, AB Consolidated Interim Financial Statements for the three months
period ended 31 March 2013.
- Presentation of TEO LT, AB results for the three months of 2013.


Darius Džiaugys,
Head of Investor Relations,
tel. +370 5 236 7878.


1. 2013_3_months_report.pdf
(https://newsclient.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=428044)
2. 2013_3_months_results.pdf
(https://newsclient.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=428045)

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