29. 7. 2021
At its 10th regular meeting on Wednesday, 28 July 2021, the Telekom Slovenije Supervisory Board reviewed Unaudited Business Report of the Telekom Slovenije Group and Telekom Slovenije, d.d., for the period between January and June 2021.
Pursuant to the provisions of the Rules of the Ljubljana Stock Exchange and the valid legislation, Telekom Slovenije, d.d., Cigaletova 15, Ljubljana, hereby publishes the following notification:
At its 10th regular meeting on Wednesday, 28 July 2021, the Telekom Slovenije Supervisory Board reviewed Unaudited Business Report of the Telekom Slovenije Group and Telekom Slovenije, d.d., for the period between January and June 2021.
In the first six months of this year, Telekom Slovenije Group generated EUR 317.6 million in net sales, while its total operating revenue amounted to EUR 319.5 million. The COVID-19 pandemic had an impact on revenue in 2021, namely from lower revenues from our users roaming in foreign operators’ networks, and foreign users roaming in our mobile networks, along with lower revenue from IT licenses. Sales revenues were 1% lower during the first six months of this year, compared to the same period last year. Year-on-year sales revenue increased in the subsidiary IPKO.
In the period from January to June 2021, earnings before interest, taxes (EBIT) amounted to EUR 29.3 million, which is the same as in the same period last year. Taking into account one-off events from 2020, EBIT in 2021 would have been 26% higher, compared to the same period last year.
In the first six months of this year, Telekom Slovenije Group’s earnings before interest, taxes, depreciation and amortisation (EBITDA) stood at EUR 113.7 million, which is 1% more than in the comparable period of 2020. Taking into account one-off events from 2020, EBITDA in 2021 would have been 6% higher compared to the same period last year. The EBITDA-to-sales ratio at the Group level stood at 35.8%.
Following the calculation of corporate income tax with deferred taxes, the Telekom Slovenije Group completed the first two quarters of 2021 with a net profit of EUR 21.3 million, which is 44%, i.e., EUR 6.5 million more than in the same period of 2020.
Regardless of the challenges related to the COVID-19 pandemic, Telekom Slovenije Group remains financially stable and continues to adapt its activities to the changing market conditions, while carefully monitoring and assessing the risks in supply chain, credit risk, system operations and the profitability of individual services, so we can adopt appropriate measures.
The Supervisory Board of Telekom Slovenije, d.d., gave its approval to the appointment of Rajko Gerič for the director of TSmedia, d.o.o., for a four-year term, starting on 1 August 2021, and to the appointment of Sandra Peršak for the director of TSinpo, d.o.o., for a four-year term, starting on 1 August 2021. The Supervisory Board gave its approval to the appointment of Mitja Štular, PhD, for the director of GVO, d.o.o., as of 1 August 2021. Mitja Štular, PhD, who is also a member of the Management Board of Telekom Slovenije, d.d., will head GVO, d.o.o., until the appointment of a new director. As of 1 September 2021 the director of the company will become Zef Vučaj, PhD, for a four-year term. The Supervisory Board of Telekom Slovenije, d.d., has approved the appointment of Simon Furlan, MSc, for the director of the following subsidiaries: SIOL d.o.o. Beograd, SIOL d.o.o. Podgorica, SIOL d.o.o. Sarajevo, SIOL DOOEL Skopje, SIOL d.o.o. Zagreb, and SiOL Prishtina LLC.
The announcement will also be available on the company’s website (Annual and interim reports - English - Telekom Slovenije), for at least ten years after publication.
The Management Board of Telekom Slovenije, d. d.