The Board of
Fourth quarter of 2023 (compared with the same period a year ago):
- Revenue grew by 5.9% and amounted to
EUR 123.3 million (EUR 116.4 million ) - Adjusted EBITDA up by 7.8% to
EUR 39.3 million (EUR 36.5 million ) - EBITDA increased by 5.6% and amounted to
EUR 38.3 million (EUR 36.3 million ) - Profit for the period went down by 9.7% to
EUR 13.3 million (EUR 14.7 million ) - Free cash flow amounted to
EUR 16.4 million (EUR -5.4 million )
12 months of 2023 (compared with the same period a year ago):
- Revenue grew by 7.2% and amounted to
EUR 476.6 million (EUR 444.6 million ) - Adjusted EBITDA up by 13.7% to
EUR 168.5 million (EUR 148.1 million ) - EBITDA increased by 12% and amounted to
EUR 165.2 million (EUR 147.5 million ) - Profit for the period went up by 12.8% to
EUR 63.6 million (EUR 56.4 million ) - Free cash flow went up by 67.5% and amounted to
EUR 58 million (EUR 34.6 million )
Comment by Giedrė Kaminskaitė-Salters, CEO of
During 2023
Having the largest 5G network in the country and setting new records when it comes to the speed of data downloads in the mobile network has enabled us to attract over the year 39 thousand of new mobile communication subscribers, as a result of which we have become a leader in mobile data consumption. This has converted into double-digit growth in revenue from billed mobile communication services.
Other total revenue growth engines in 2023 were IT and broadband Internet services supported by higher equipment sales. Revenue from Internet services grew despite a rather moderate (2 thousand) increase in the number of FTTH/B connections which did not fully offset the decline in the number of DSL connections (3 thousand).
During 2023, the number of TV service users increased by 4 thousand which is a positive development following the shake-up of the entire TV industry following the shutting-down of Russian channels in 2022. Given the intense competition in the TV market, TV revenue was slightly lower than in 2022. Revenue from retail voice telephony services went down in line with the continuously contracting number of fixed lines, while higher volumes of voice transit in 2023 partially compensated the loss of revenue from retail voice telephony services.
The Company’s operating expenses were under control despite inflationary pressure. Energy costs in 2023 were a fifth lower than a year ago. All that in combination with higher revenue led to double-digit annual growth of earnings. Adjusted EBITDA margin for January-December of 2023 stood at 35.4 per cent (33.3 per cent in 2022).
Since
In November, following the decision of the Extraordinary General Meeting of shareholders,
We are not only the technology and 5G leader in
In 2023 we set ourselves the goal of ensuring our technologies become an enabler for higher inclusivity of the currently marginalized communities. As part of our Christmas campaign, we highlighted the role our technologies play in increasing the quality of life and accessibility for the visually impaired. Following the campaign, we recorded and donated 10 children’s books for the audio sensory library, added audio descriptions to all the Harry Potter movies on Telia Play platform and financed the continued operation of the ELVIS mobile library which provides audio books for the visually impaired in the whole of
In 2024 we will continue to support our Ukrainian brothers and will ongoingly provide calls to and from
ENCL.:
-
- Presentation of
Darius Džiaugys,
Head of Investor Relations,
tel. +370 5 236 7878,
e-mail: darius.dziaugys@telia.lt
Attachments
- Telia Lietuva_2023_12 months_Interim_Report
- Telia_Lietuva_2023_12_months_results_presentation
© OMX, source