Telekom Slovenije revenues flat; Mobitel sales down 11%

20 Nov 2009

In the first nine months of 2009 the consolidated revenues of Slovenian telecoms group Telekom Slovenije were virtually flat year-on-year at EUR637.2 million (USD949.7 million), whilst EBITDA fell 15% to EUR209.6 million, EBIT dropped 46% to EUR59.5 million and net profit plunged 55% to EUR34.1 million. Mobitel, the Slovenian group’s domestic mobile subsidiary, generated EUR306.9 million in operating revenues in January-September 2009, 11% down on last year’s figure. Compared to the first three quarters of 2008, the cellco’s operating expenditure was 3% lower, whilst cellular net profit amounted to EUR29.9 million, down 42% y-o-y. The firm attributed the results to global economic factors and an increasingly tough local operating environment. In Kosovo, Telekom Slovenije’s consolidated unit Ipko claimed to hold a 62% market share in the fixed broadband access market and a 34% market share in mobile telephony at the end of September 2009. Compared to the same period last year, Ipko’s revenues increased by 42%, although due to high start-up costs and loan expenses the Kosovan company’s nine-month net loss almost quadrupled y-o-y. The end-September market shares of Telekom’s Macedonian (FYROM) business ‘ONE’ (the recently combined trademark of On.Net, Cosmofon and the local Germanos retail chain), stood at 16% in broadband access, 13% in fixed telephony and 30% in mobile telephony, the group claimed in its press release.

Slovenia, IPKO, ONE (incl. on.net and Cosmofon), Telekom Slovenije (incl. Mobitel)