Telekom Slovenije EBIT climbs 75%

25 Nov 2011

Telekom Slovenije generated EUR37.7 million (USD50.4 million) in group net profit in the first nine months of 2011, up nearly six-fold on the EUR6.3 million it earned in the same period a year earlier. Net revenue was down 2% year-on-year to EUR621.4 million, across mobile, fixed line and broadband subsidiaries in Slovenia, Macedonia, Kosovo, Bosnia and Albania. Nine-month EBITDA climbed 7% to EUR210.3 million and operating profit jumped 75% to EUR63.8 million. CAPEX was marginally below EUR50 million in January-September 2011, less than the EUR70 million invested in the same period of 2010. 73.5% of the group’s gross revenues were generated in the Slovenian market in the period under review, a statistic virtually unchanged year-on-year. The operator’s EBITDA in Slovenia rose 6% to EUR176 million in the first three quarters of the year, while the next largest EBITDA contribution was from Ipko in Kosovo, with EUR21.9 million, up from EUR13.9 million a year ago. The group did not publish any subscriber figures for the end of September.

On 1 July 2011 Telekom Slovenije’s domestic mobile operating division Mobitel was merged into the parent company.

Slovenia, IPKO, Telekom Slovenije (incl. Mobitel)