Telekom Slovenije Group's business results in the period January to June 2022

At its 21st ordinary session held on Wednesday, 24 August 2022, the Supervisory Board of Telekom Slovenije, d.d. discussed the Unaudited business report of the Telekom Slovenije Group and Telekom Slovenije, d.d. for the period January to June 2022.

The Telekom Slovenije Group generated EUR 314.2 million in sales revenues during the first half of this year and total operating revenues of EUR 316.6 million. Total revenues were down by 1% relative to the same period last year, while Telekom Slovenije, d.d. achieved growth in revenues from financial, eHealth and insurance services. The revenues generated by subsidiaries were also up. Telekom Slovenije, d.d. halted the sale of electricity to end customers, effective 1 January 2022, resulting in lower revenues. Revenues were also slightly lower due to the optimisation of subscribers who have an increasing number of services included in their basic subscription fee, and the falling number of traditional connections and lower revenues from the sale of fixed merchandise.

Earnings before interest and taxes (EBIT) amounted to EUR 31.1 million at the Telekom Slovenije Group level during the period January to June 2022, meaning an increase of 6% relative to the same period last year.

Earnings before interest, taxes, depreciation and amortisation (EBITDA) totalled EUR 112.2 million at the Telekom Slovenije Group level. EBITDA was down by 1% relative to the same period in 2021, in part due to rising energy and electricity prices. Had those prices remained at 2021 levels, EBITDA during the first half of this year would have been higher than in the same period last year. The EBITDA margin (i.e. EBITDA as a proportion of sales revenue) was 35.7% at the Group level.

Following the calculation of income tax (including deferred taxes), the Telekom Slovenije Group generated a net profit of EUR 23.4 million during the first six months of 2022, an increase of EUR 2.0 million or 10% relative to the same period in 2021.

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.

Management Board of Telekom Slovenije, d.d.