Highlights of the Telekom Slovenije Group in 2015

IN 2015 THE TELEKOM SLOVENIJE GROUP:

  • increased the number of mobile connection by 3%, the number of broadband connections by 4% and the number of TV connections by 6%,
  • generated a net profit of EUR 68.1 million, compared with EUR 1.5 million in 2014;
  • generated net sales revenue of EUR 729.5 million, a decrease of 4% or EUR 26.9 million relative to the previous year. Revenues are not comparable with revenues generated in 2014, as ONE was only included in the Group’s fully consolidated results until 31 July 2015. For the aforementioned reason, revenues in Macedonia were down EUR 31 million in 2015, which affected all of the Telekom Slovenije Group’s revenue categories;
  • erected 348 new base stations in Slovenia with the aim of upgrading the broadband mobile network with LTE technology, which covered more than 95% of the population at the end of the year. In Kosovo we erected an additional 157 4G and 74 3G base stations, such that the LTE/4G network already covers 81.7% of the population; and
  • generated EBITDA of EUR 200.8 million, primarily on account of an improvement in the results of Telekom Slovenije, which achieved EBITDA of EUR 166.3 million (compared with EUR 126.0 million in 2014). Here the minor impact of companies in Macedonia that were only included in the Group’s results until 31 July 2015 should also be taken into account, as well as the fact that the Group’s stake in Gibtelecom was EUR 4.1 million in 2014, but is no longer included in the results of the Telekom Slovenije Group in 2015 due to the sale of the participating interest in the aforementioned company at the end of 2014. 

Financial indicators

In EUR thousand and % 2015 2014 Index 15/14
Net sales revenue 729,543 756,454 96
Other operating revenues 17,663 8,442 209
Total operating revenues 747,206 764,896 98
EBITDA 200,759 170,051 118
EBITDA margin (EBITDA/net sales revenue) 27.5% 22.5% 122
EBIT 49,265 11,418 431
Return on sales: ROS (EBIT/net sales revenue) 6.8% 1.5% 447
Net profit 68,095 1,506 -
Assets 1,315,988 1,342,989 98
Capital 698,692 694,956 101
Return on assets (ROA) 5.1% 0.1% -
Return on equity (ROE) 10.3% 0.2% -
Equity ratio 53.1% 51.7% 103
Net financial debt 376,257 344,057 113
NFD/EBITDA 1.9 2.0 96

 

Other economic performance indicators

In EUR thousand and % 2015 2014 Index 15/14
Distributed economic value 615.597 665.084 93
Value added 221.210 160.014 137
Added value per employee (in EUR) 53.731 35.935 150
Investment in property, plant and equipment (CAPEX) 112,962 111,941 101
EBITDA - CAPEX 87,797 58,110 151
Ratio of (EBITDA – CAPEX) to EBITDA (cash margin) 43.7% 34.2% 128
Labour costs 130,215 138,887 94
Corporate income tax 4,095 1,126 -
Payments to owners – dividends 65,055 65,055 100

 

Social indicators – employees

  2015 2014 Index 15/14
Number of employees* 3,803 4,431 86
Employee turnover at companies in Slovenia 7.6% 6.5% 137
Number of training hours per employee 23.7 23.0 103
Direct training costs in EUR thousand 1,426 1,386 103

* Includes employees in Macedonia in 2015

 

Social indicators – community

Connections* 2015 2014 Index 15/14
Mobile telephony 1,802,126 1,753,935 103
Fixed voice telephony 572,920 582,019 98
Retail broadband 327,498 314,466 104
Funds earmarked for sponsorships and donations as a proportion of operating revenues 0.4% 0.4% 100

* Excluding companies in Macedonia.

 

Environmental indicators (Telekom Slovenije)

  2015 2014 Index 15/14
Electricity consumption (in million kWh)* 77.9 78.3 99
Direct environmental costs** (in million EUR) 10.38 10.34 100

* Includes the consumption of electricity by Telekom Slovenije, TSmedia, Avtenta and RTV locations.
** Telekom Slovenije’s direct environmental costs include the costs of electricity and fuel for the car fleet and heating, and the costs of cleaning and municipal services.

 


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