TEO LT, AB Group, an integrated telecommunication, IT and TV services provider,
announces its unaudited Consolidated Interim Financial Statements for the nine
months of 2008, prepared according to International Financial Reporting
Standards as adopted by the European Union.
The total consolidated TEO Group's revenue for the nine months of 2008 was LTL
613 million (EUR 178 million), an increase by 5.3 per cent over the total
revenue of LTL 582 million (EUR 169 million) for the nine months of 2007.
EBITDA for the nine months of 2008 went up by 2 per cent to LTL 271 million
(EUR 78 million) over LTL 265 million (EUR 77 million) for the nine months of
2007. EBITDA margin stood at 44.2 per cent.
Profit before income tax for the nine months of 2008 was up by 2.4 per cent and
amounted to LTL 151 million (EUR 44 million) (LTL 148 million (EUR 43 million)
a year ago).
Profit for the period amounted to LTL 129 million (EUR 37 million), an increase
by 5.7 per cent over LTL 123 million (EUR 35 million) a year ago.
Arūnas Šikšta, General Manager of TEO LT, AB, has made the following comments
on results for the nine months of 2008:
“TEO Group results for the third quarter are very good. Financial results show
that we successfully resist to the slowing down economy, increasing competition
and market regulation pressure. I believe that during the last quarter of 2008
we will continue that way”.
ENCL.: TEO LT, AB Interim Consolidated Financial Statements for the nine months
of 2008.
Jan-Erik Elsérius,
Chief Financial Officer and Deputy General Manager,
tel. +370 5 236 76 03.
