In Q1, the company recorded a decrease in sales of 6%, increase in EBITDA of 8% and an increase in net income of 4%.
As Telekom Slovenije published their Q1 2019 report, we are bringing you key takes from it. According to the report, in Q1, the company observed a decrease of 6% in net sales revenue, which amounted to EUR 172m. The decrease could be attributed to lower revenues from mobile merchandise on the end-user market and on the wholesale market. Note that net sales revenue no longer includes the revenues generated by Blicnet, which was sold in 2018.
When observing the operating expenses, the company recorded EUR 161.0m, a decrease of 7%.
The costs of services incurred by the Group decreased by 13%, amounting to EUR 65.6m. Those costs include the effect of the change in the recognition of costs arising from leases and leased lines under IFRS 16. The costs of telecommunications services decreased by 19%, amounting to EUR 27.2m. Maintenance costs were down due to lower costs associated with the core network and application solutions, while the renewal of insurance contracts resulted in lower insurance costs.
In Q1, Telekom Slovenije reported EBITDA of EUR 56.5m, representing an increase of 8%. EBIT amounted to EUR 11.8m, an increase of 15%.
When observing the company’s net income, it recorded an increase of 4%, amounting to EUR 10.1m
