Telia Lietuva achieved a turnover of 104.2 million euros in the first three months of this year, an increase of 4.6% compared to the same period last year. The company’s EBITDA, excluding non-recurring items, increased by 4.8% to 35.6 million euros, net profit decreased by 6.8% to 12.3 million euros, while the free cash flow contracted by 21.6% to 17.6 million euros due to the increase in investments. The strongest growth was seen in sales of IT and mobile communication services.
Telia Lietuva’s revenue from IT service sales increased 13.6% year-on-year, billed mobile communication service revenue increased 13.2% and Internet service revenue increased 9.0% year-on-year. 1%. In the first three months of this year, the Telia Lietuva mobile network attracted 14,000 new customers, while the number of broadband Internet customers increased by 1,000 and the number of Telia TV customers remained almost unchanged at 254,000. .
“Telia Lietuva continues to maintain solid EBITDA and sales despite pressure from rising energy costs (which soared 80% over the year) and inflation. that the increase in income tax had a negative impact on the profitability of the However, the double-digit growth in sales of IT services and, in particular, mobile communication services continues to demonstrate strong demand for solutions quality and next generation,” said Dan Stromberg, CEO of Telia Lietuva.
The company increased its investments by a tenth to 13.3 million euros in the first quarter, of which more than 4.2 million euros were allocated to the modernization of the mobile network and the active preparation of the commercial supply of 5G connectivity services following spectrum auctions. To date, Telia Lietuva has installed more than 650 next-generation Ericsson 5G base stations across Lithuania. Since January, the company has been the first in Lithuania to provide commercial 5G connectivity in Vilnius using its available 2,100 MHz frequencies.
“The year 2022 began with the hope that the pandemic caused by COVID-19 would recede and that we would resume our normal operations. However, the unimaginable happened – in late February, Russia launched a military assault against Ukraine – which could fundamentally change not only the established order in Europe but also in the whole world. This is a time of great challenges for everyone, but above all for Ukraine and its people whom we have supported and supported,” said Dan Stromberg, CEO of Telia Lietuva.
Since the very first day of the war, the value of Telia Lietuva’s support for Ukraine has exceeded 300,000 euros. Telia Lietuva provided all Ukrainian refugees in Lithuania with an unlimited number of prepaid Ežys SIM cards with communication services, all Telia Lietuva customers in Lithuania can call and text in Ukraine with an 80% discount, and Telia Lietuva customers in Ukraine can call from there, send SMS and browse the Internet for free. Ukrainian companies moving to Lithuania can take advantage of special offers from Telia Lietuva and free IT consultations. Telia Lietuva provided all refugee centers in Lithuania with internet connection and televisions and bought special phones for Ukrainians for more than 50,000 euros.
Telia Lietuva was named the most environmentally friendly company in the large business category at the National Responsible Business Awards (NAVA). The company has been recognized for its sustainable business decisions and responsible supply chain design.
Mobile Internet speed measurements carried out by the Communications Regulatory Authority in the eastern part of Lithuania in the first quarter of the year set a new national record: the average speed on Telia’s network Lietuva was 131.4 Mb/s and was 50% and 102% faster than other mobile operators’ Internet, as a result.
The company’s board of directors at the annual general meeting of shareholders to be held this week, proposed to adopt the decision to pay a dividend of 0.10 euros per share for 2021, or 58.3 million euros. euros in total.