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Telekom Slovenije plans 40.9 mln euro cons net profit in 2018

Telekom Slovenije plans 40.9 mln euro cons net profit in 2018 hin255/Shutterstock.com

LJUBLJANA (Slovenia), December 7 (SeeNews) - Telekom Slovenije said it expects to reap a consolidated net profit of 40.9 million euro ($48.2 million) on revenues of 755.3 million euro in 2018.

The company predicts its consolidated EBITDA will total 209.8 million euro next year, while investments are planned in the amount of 158.0 million euro, Telekom Slovenije said in a Ljubljana bourse filing on Wednesday.

"The achievement of objectives depends on specific consolidation activities on the Slovenian and foreign markets," the telco said.

Telekom Slovenije noted that it plans to get a handle on fierce competition by focusing on key strategic policies aimed at preserving its position on the mobile services market and increasing its market share on the fixed services market, securing new revenue sources, maintaining a state-of-the-art network, consolidation on certain markets, the simplification of processes and the IT infrastructure, reorganisation, financial stability and care for quality and society.

The Group expects revenues from basic telecommunication services on the Slovenian market to continue to drop, as the market is mature and saturated.

"Telekom Slovenije continues to hold the highest market share in all segments, while alternative operators are attracting new users primarily through aggressive price policies that the telco is unable to pursue due to regulatory restrictions and the principles of good management", it noted.

It added it has responded to such activities by expanding and upgrading the fibre optic broadband network, adding new plans with convergent services, providing services outside the basic telecommunications activity, and ensuring the best customer experience and providing a complete range of ICT services.

In October, Telekom Slovenije said its consolidated net profit rose 25% on the year to 30.1 million euro in the first nine months of 2018.

The company plans to end 2017 with consolidated operating revenues of 717.8 million euro and EBITDA of 206.8 million euro.

($=0.847809 euro)

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