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Telekom Slovenije plans 30.3 mln euro cons net profit in 2019

Telekom Slovenije plans 30.3 mln euro cons net profit in 2019 hin255/

LJUBLJANA (Slovenia), December 11 (SeeNews) - Telekom Slovenije said it expects to generate a consolidated net profit of 30.3 million euro ($34.5 million) on revenues of 711.9 million euro in 2019.

The company projects that its consolidated EBITDA will total 216.0 million euro next year, while investments are planned in the amount of 211.9 million euro, Telekom Slovenije said in a Ljubljana bourse filing late on Monday.

"In order to dynamically adapt to users, the company needs to invest in the expansion and upgrade of technologies, accelerate digitalization, continue optimizing processes and empower employees," the telco said.

The company noted that it plans to maintain its share of the mobile services market and achieve growth in the number of fixed broadband and TV connections through a portfolio of comprehensive services for smart living, and through the development of a unique experience tailored to the user.

Telekom Slovenije will implement activities that will allow the group to effectively manage liquidity and ensure a high level of financial security, the statement noted, adding that it will ensure the optimal level of debt over the long term, where the value of an individual company is highest.

In October, Telekom Slovenije said its consolidated net profit fell 22% on the year to 23.5 million euro in the first nine months of 2018.

In addition to being the national provider of services and content in Slovenia, it also operates through its subsidiaries on the markets of
Kosovo, Bosnia and Herzegovina, Croatia, Serbia, Montenegro and Macedonia. Its activities include fixed and mobile communications services, digital content and services, multimedia services and digital
advertising, system integration and cloud services.

($=0.87715 euro)