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International Internet Magazine. Baltic States news & analytics Friday, 29.03.2024, 06:01

Lattelecom turned over EUR 141 mln in 9 months

BC, Riga, 17.10.2014.Print version
Lattelecom Group's earnings before interest, taxes, depreciation, and amortization (EBITDA) have reached EUR 54.7 million in the first nine months of 2014; the Group's turnover reached EUR 141 million, Lattelecom spokeswoman Liga Bite informed the business portal Nozare.lv, cites LETA.

Lattelecom Group's EBITDA increased 5% this year, as compared to the respective period of 2013. The Group's turnover increased 2% in the first nine months of 2014, as compared to 2013.

 

EBITDA margin was 39% in the first nine months of 2014, which is one% less than in the respective period of 2013.

 

"Lattelecom's nine-month finance results confirm that the company is utilizing the correct strategy, especially in regard to broadband and television services that our clients have highly praised. This was also confirmed by the fact that Lattelecom was included in the TOP101 most valuable companies, according to which Lattelecom value has increased by 100 million year-on-year," CEO of Lattelecom Juris Gulbis says.

 

In 2013, Lattelecom Group earned EUR 28.5 million.

 

Lattelecom Group owns six companies – Lattelecom, Lattelecom BPO and its subsidiary BPO Baltic, Citrus Solutions, Lattelecom Technology, and Baltijas Datoru akademija. Lattelecom also owns 23% of Latvijas Mobilais Telefons shares.






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