Netia sees growth on the back of 2011 acquisitions

15 Mar 2012

Poland’s third largest broadband provider, Netia has reported fourth-quarter and end-year results for 2011, recording full-year revenues of PLN1.62 billion (USD510.7 million) up from PLN1.57 billion a year earlier. Earnings before interest, tax, depreciation and amortisation (EBITDA) for 2011 were PLN611.5 million, with an EBITDA margin of 37.8%. Net profit for the year was PLN248.8 million, down from PLN263.9 million. Netia reported revenues of PLN426.7 million for Q4 2011, up 8.3% year-on-year and 8.1% quarter-on-quarter; EBITDA was PLN318.0 million, up 3.3% y-o-y, but up 207.6% q-o-q. Fourth-quarter EBITDA in 2010 and 2011 was unusually high as a result of the reversal of impairment charges totalling PLN221.2 million in 2010 and PLN220.7 in 2011.

Following the company’s acquisition of Telefonia Dialog and Crowley Data Poland, Netia saw its broadband customer base increase by 32.1% y-o-y to 911,570. This included 19,130 WiMAX subscribers and 396,853 subscribers using Netia’s fixed networks. Voice telephony customers increased by 43.2% y-o-y to 1.74 million, of which 33,912 were voice-over-IP (VoIP) subscribers. At end-2011, the enlarged Netia’s next generation network (NGN) infrastructure passed 786,000 homes, including 146,000 fibre-to-the-home (FTTH) access; its IPTV services were available to 1.26 million homes. The company plans to expand its NGN to a further 450,000 households in 2012, and is trialling delivering IPTV services over LLU.

Netia expects to generate revenues of PLN2.185 billion for 2012, with RGUs increasing by 4% for the year.

Poland, Netia, Telefonia Dialog