TEO LT, AB Group, an integrated telecommunication, IT and TV services provider,
announces its unaudited Consolidated Interim Financial Statements for the nine
months of 2007, prepared according to International Financial Reporting
Standards as adopted by the European Union.
The total consolidated TEO Group's revenue for the first nine months of 2007
was LTL 582 million (EUR 169 million), an increase by 6.5 per cent over the
total revenue of LTL 547 million (EUR 158 million) for the first nine months of
2006.
EBITDA for the first nine months of 2007 went down by 2.6 per cent to LTL 265
million (EUR 77 million) over LTL 273 million (EUR 79 million) for the first
nine months of 2006. EBITDA margin amounted to 45.6 per cent (49.9 per cent in
2006).
Profit before income tax for the first nine months of 2007 was up by 19.3 per
cent and amounted to LTL 148 million (EUR 43 million) (LTL 124 million (EUR 36
million) a year ago).
Profit for the period (including minority interest and profit from discontinued
operations) amounted to LTL 123 million (EUR 35 million), an increase by 23.4
per cent over LTL 99 million (EUR 29 million) a year ago.
Arūnas Šikšta, General Manager of TEO LT, AB, has made the following comments
on results for the first nine months of 2007:
“The Company's results for the nine months of the year 2007 are better than
planned. There was an especially big increase in revenue from the sales of
services - an increase by 10.4 per cent in the third quarter compared to the
same period last year. As compared to the nine months period of the previous
year, the profitability of the Company's operations grew by 23.4 per cent. A
temporary increase in operating expenses is related to our strategic
development in new business areas, such as IP TV, DVB-T and IT, which in the
nearest future will help the Company generate more revenue. We continue
actively implementing new services and quality management solutions.“
ENCL.: TEO LT, AB Interim Consolidated Financial Statements for the nine months
of 2007.
Jan-Erik Elsérius,
Chief Financial Officer and Deputy General Manager,
tel. +370 5 236 76 03
