TEO revenue down 5.2% on lower voice turnover

30 Jan 2014

TEO LT, the incumbent fixed line operator in Lithuania, has announced revenue of LTL178.8 million (USD70.5 million) for the three months ended 31 December 2013, a decrease of 5.7% from LTL189.7 million in the year-ago quarter. Annual turnover dropped 5.2% year-on-year from LTL760.2 million in 2012 to LTL720.6 million twelve months later, as sales from voice telephony services fell 14.4% to LTL304 million over the period. Areas of growth included internet service revenue, which rose 3.7% year-on-year to LTL178 million in full-year 2013, while TV and IT services revenues increased 8.1% to LTL62 million and 8.8% to LTL70 million, respectively. TEO said that EBITDA for the fourth quarter of 2013 fell 8.1% year-on-year to LTL65.1 million, and declined by 4.7% from LTL307.1 million in FY 2012 to LTL292.7 million twelve months later. Net profit declined 12.9% year-on-year to LTL30.9 million in the three months ended 31 December 2013 and fell 6.2% to LTL149.2 million in the twelve-month period. TEO made capital investments of LTL154 million in 2013, of which LTL59 million was focused on the expansion of its fibre-to-the-home (FTTH) access network, which is present in more than 100 towns and cities across the country, passing around 67% of households (804,000) at the end of 2013.

TEO reported a total of 565,327 fixed telephony lines at 30 December 2013, a decrease of 6.6% from 605,424 a year earlier, while the number of broadband accesses rose 11.7% from 385,863 to 430,911 over the same period, including 180,154 FTTx customers (up 11.2% year-on-year) and 176,505 xDSL subscribers (down 3.8%). Television customers increased 1.8% over the twelve-month period to reach 172,308 at the end of 4Q13, of which 106,228 were IPTV users (up 12.2% year-on-year) and the remainder DVB-T users (a decrease of 11.4%).

Lithuania, Telia Lietuva