Continued strong, profitable customer growth for Telio
Continued strong, profitable customer growth for Telio
- Operating profit of NOK 21.4 million in 3rd quarter
Telio continues to deliver strong results, thereby confirming their position as a leading European provider of access independent broadband telephone services. Telio increased its customer base by 5,144 net new customers in the third quarter. Revenues in the 3rd quarter ended at NOK 97.1 million with an operating profit of NOK 21.4 million.
– We are satisfied with the strong customer intake in the third quarter, which is a seasonally weaker quarter. We are very satisfied with an operating profit of NOK 21.4 million. It is a strong improvement from the same period last year, especially taking into account that we have established an operation in Switzerland this year, says Eirik Lunde, CEO of Telio Holding ASA.
Launch of Telio Touch
Telio launched the new product, Telio Touch, in the Norwegian market in the end of the third quarter. With this service, Telio is taking home telephony in a new direction. Telio Touch is a high-end telephone with HD voice quality. Telio Touch comprises a wireless Dect handset and a base that has a 7-inch touch screen. It is powered by Intel® Atom™ processor and works with both wired and wireless internet connections. Through Telio Touch Service Suite, on the touch screen, users can find a wide variety of applications that enable them to keep on track with current news, check the weather forecast, check road traffic and public transport information, as well as watch YouTube videos, among others.
Continued growth in international markets
Telio continues to grow in the markets outside Norway. Especially, the Dutch operation has achieved a strong growth and the customer base increased by 122% compared to Q3 2009.
The company launched its services to the Swiss market in January and full operation and first phase distribution were established during the first quarter. At the end of the 3rd quarter, the company had 2,911 customers in Switzerland.
Strong financial results
In the 3rd quarter 2010, the Telio Group achieved revenues of NOK 97.1 million compared to NOK 96.3 million in the year-ago quarter. Revenues in Q3 10 are negatively affected by currency fluctuations of NOK 1.9 million. EBITDA was NOK 32.3 million (33.3% EBITDA margin) compared to NOK 31.3 million (32.5 % EBITDA margin) in the same quarter last year. Operating profit ended at NOK 21.4 million compared to NOK 20.2 million in the 3rd quarter of 2009.
(See separate financial report and market presentation for Q3 2010 at http://www.telioholding.no/investor_relations/reports_presentations)
For further information, please contact:
Mr. Eirik Lunde, CEO
Telephone: +47 23 62 66 88.
Mobile: +47 48 09 69 64
Download high definition pictures of CEO Eirik Lunde at http://www.telio.ch/om_telio/presse
-mail: eirik.lunde@telio.no