SOURCE:
Telio Holding ASA
2008-08-14 01:55:00
OSLO, NORWAY–(EMWNews – August 14, 2008) – (Oslo, Norway, August 14th 2008) Telio is
again delivering record
results and confirming their position as a leading European provider
of broadband telephone services. For the second quarter revenues
reached NOK 96.7 million, a new record. Operating profit was NOK 20.2
million, a formidable increase of 568 per cent compared to the
year-ago quarter (NOK 3 million).
Another record for Telio
– Operating profit reached NOK 20,2 million in the second quarter
(Oslo, Norway, August 14th 2008) Telio is again delivering record
results and confirming their position as a leading European provider
of broadband telephone services. For the second quarter revenues
reached NOK 96.7 million, a new record. Operating profit was NOK 20.2
million, a formidable increase of 568 per cent compared to the
year-ago quarter (NOK 3 million).
- We were quite satisfied with the numbers for the first quarter and when they are substantially better for the second quarter we are delighted. The revenue growth is continuing and the operating profit increased by NOK 8 million compared to the first quarter, says Eirik Lunde, the CEO of Telio Holding ASA.
Confirming a strong market position
Telio is the largest player in the market for broadband telephone
services measured in traffic/minutes. According to the latest report
from the Norwegian Post and Telecommunications Authority* Telio is
handling close to 50 per cent of the non-business broadband telephone
traffic. Telio is also the only big player that continues to increase
its share of traffic in the total market for fixed telephone
services. Further, Telio’s customers are responsible for 54 per cent
of all traffic between non-business fixed telephone in Norway to
fixed and mobile telephone abroad.
- The figures from the Norwegian Post and Telecommunications Authority show clearly that Telio is confirming its strong position in the Norwegian broadband telephone market. It shows that we have a strong message that our customers understand, and that they are using our services. We have a highly recognized technology that consistently provides high quality telephone services at a reasonable price. The fact that our customers are using our services as much as they do shows that we are on the right track, says Eirik Lunde.
Success in the business market
Telio has built a successful distribution model for direct sales to
the business market, based on products for this market that was
released towards the end of 2007. The company now has more than 3,000
active phone lines in this market in Norway and expects the positive
development to continue. Currently the same distribution model is
being introduced by the subsidiary in Denmark.
Strong financial results
For the second quarter the Telio Group reached revenues of NOK 96.7
million compared to NOK 90.5 million in the year-ago quarter. EBITDA
was NOK 30 million (31 per cent EBITDA margin) compared to NOK 16.4
million in the year-ago quarter. Operating profit was NOK 20.2
million compared to NOK 3 million in the year-ago quarter.
(See listing of financial results on the next page)
* Ecomreport by the Norwegian Post and Telecommunication Authority
for 2007
For further information please contact: Mr. Eirik Lunde, CEO Download high definition pictures of CEO Eirik Lunde Telephone: +47 23 62 66 88. Mobile: +47 48 09 69 64 at http://www.telio.ch/om_telio/presse E-mail: [email protected]
Copyright © Hugin AS 2008. All rights reserved.
