Telekom Slovenije revenues drop 4%

30 Nov 2012

Slovenian and southeast European group Telekom Slovenije generated EUR595.9 million (USD772.6 million) in consolidated operating revenues over the first three quarters of 2012, a decrease of 4% on the same period last year. While fixed and mobile voice telephony revenues continued to decline, and growth in broadband connections slowed, the telco reported that stringent measures to reduce all types of costs during the period resulted in a net profit of EUR41.9 million, a year-on-year increase of 11%. Operating profit (EBIT) reached EUR63.2 million in January-September 2012, virtually level with the first nine months of 2011, but above internal target range, while a similar trend was seen in EBITDA, which amounted to EUR198.4 million, resulting in an EBITDA margin of 33.3%. The Telekom Slovenije group had a total of 2.7 million fixed and mobile connections at the end of September, an increase of 1% on the same date last year. The number of broadband connections is gradually stagnating, while the number of fixed connections continues to decline. Growth in mobile connections was driven by Macedonian subsidiary One and Ipko in Kosovo.

Slovenia, Telekom Slovenije (incl. Mobitel)