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UPDATE 1 - Telekom Slovenije's 9-mo cons net profit rises

Author Maja Garaca
UPDATE 1 - Telekom Slovenije's 9-mo cons net profit rises hin255/Shutterstock.com

LJUBLJANA (Slovenia), October 26 (SeeNews) - Telekom Slovenije [LJE:TLSG] said on Thursday its consolidated net profit rose 25% on the year to 30.1 million euro ($35.6 million) in the first nine months of 2017.

The group's net sales revenues rose 4% year-on-year to 542.1 million euro in the nine months through September, on the back of higher revenues from IT services and higher wholesale revenues, the company indicated in a bourse filing.

Revenues were down by 6% in the mobile segment of the end-user market, while revenues in the fixed segment of the end-user market rose 2%. Other revenues and revenues from other merchandise rose by 170% on the year, primarily on the back of an electronic toll collection project. Revenues on the wholesale market were up by 4%, while new revenue sources increas 32%.

The Telekom Slovenije Group generated total operating revenues of 546.7 million euro in the first nine months of the year, an increase of 3% relative to the same period of 2016, while its EBITDA went down 2% to 154.2 million euro.

In the review period, the number of Telekom Slovenije's mobile users increased 4% on the year to 1,838,362, the number of users of fixed voice telephony services remained unchanged at 558,814, while broadband users increased 7% to 368,842.

In Bosnia and Kosovo, the telco had 776,833 mobile users at the end of the review period, up 18% on the year, while on the domestic market it lost 5% of its mobile users, to 1,061,529.

Investments dropped by an annual 3% to 90.2 million euro in the first nine months of this year. The majority of investments was poured into the expansion of the fibre optic access network, and into the further modernisation of the mobile network, as well as the development of new services.

The Telekom Slovenije group employed 3,701 as of September 30, up 1% compared to end-2016.

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

($=0.845935 euro)

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