Lithuania, Markets and Companies, Technology, Telecomunications

The total revenue for the first six months of 2015 were almost the same as a year ago (a slight decline of 0.1%) and amounted to EUR 99.4 million, while the total revenue excluding revenue from continuously declining voice telephony services increased by 3.8%.

EBITDA for the first half of 2015 went down by 4.3% to EUR 37.1 million over EUR 38.8 million for the same period year ago. EBITDA margin declined and amounted to 37.3% (39% in 2014). Over the year, EBITDA (excluding non-recurring items) decreased by 10.1% while EBITDA margin (excluding non-recurring items) stood at 38.5%.

Profit before income tax in the first half of 2015 was down by 12% and amounted to EUR 18.3 million (EUR 20.8 million a year ago). Profit before income tax (excluding non-recurring items) was by 20.8% lower than during the first half of 2014.

Profit for the period in January-June 2015 amounted to EUR 16.3 million, a decrease by 11.8% over the profit of EUR 18.4 million for the same period year ago. The profit margin was 16.4% (18.6% a year ago). Profit for the period (excluding non-recurring items) was by 21.6% lower than in January-June 2014 and profit margin (excluding non-recurring items) was 17.6%.

The total revenue for the second quarter of 2015 was EUR 49.4 million, which is by just 1.8% lower than the total revenue of EUR 50.3 million for the second quarter of 2014.

EBITDA for the second quarter of 2015 decreased by 7.2% to EUR 18.3 million over EUR 19.7 million in the second quarter of 2014. EBITDA margin for the second quarter of 2015 amounted to 37% (39.2% in 2014).

Profit before income tax in the second quarter of 2015, compared with the second quarter of 2014, went down by 16.6% and amounted to EUR 8.9 million (EUR 10.7 million a year ago).

Profit for the period in April-June 2015 amounted to EUR 7.8 million, while a year ago it was EUR 9.3 million, a decrease by 16%. The profit margin for the second quarter of 2015 was 15.8% (18.4% a year ago).