Telio Holding meets ‘key financial target’ as it records EBITDA of NOK308m in 2014

13 Feb 2015

In publishing its financial results for the three and twelve-month periods ended 31 December 2014, Norway-based Telio Holding said it had ‘delivered on the company’s key financial target’ for the fiscal year.

In the twelve-month period under review the Telio Group generated a total turnover of NOK1.272 billion (USD203 million), up from NOK1.247 million a year earlier, though in the final quarter of 2014 it registered a decline in revenue from NOK327.7 million to NOK314.0 million; this drop, it said, was due to a net reduction its customer base and a decline in ARPU. Earnings before interest, tax, depreciation and amortisation (EBITDA) in FY 2014 stood at NOK308.0 million, up from NOK273.2 million in the previous year, while in 4Q14 EBITDA was NOK78.3 million, up from NOK73.9 million. Net profit meanwhile totalled NOK71.9 million in the full financial year, representing a year-on-year increase of 25%, while in the last three months of 2014 net profit was NOK26.4 million, up from NOK17.6 million in the corresponding period a year earlier.

At the end of December 2014 Telio’s own-branded voice-over-IP (VoIP) subscriber base numbered 70,000, down from 79,000 a year earlier, though an increase in mobile voice accesses – which rose from 30,000 to 44,000 – more than offset that. ADSL-based broadband subscriber numbers meanwhile fell by 14% y-o-y to 4,300. NextGenTel-branded consumer subscriptions for fixed broadband services fell from 151,000 at end-2013 to 145,000 a year later, while IP telephony customers signed up to that unit totalled 11,000, unchanged year-on-year.