Telio shows profitable growth
- Revenue increase 30 per cent, net operating income NOK 3 million
(Oslo, August 22nd, 2007) Telio, one of Europe ́s leading providers of broadband telephone service, shows continued profitable growth during the second quarter. The company posted revenues of NOK 90.5 million, a new record, and a 30 per cent growth over the same quarter last year. The net operating income was NOK 3.0 million, compared to a loss of NOK 4.4 million last year.
We continued a profitable and controlled growth during the second quarter, says Eirik Lunde, the CEO of Telio Holding ASA, despite the continuing consolidation of customers during May and June and considerable investments in expanding the Telio brand.
At the end of the second quarter Telio had 133.800 subscribers, a net increase of 1.700 compared to the first quarter. The number of subscribers in Denmark increased by 17 per cent to a total of 21,500 (including 13,100 customers in Musimi). In the Netherlands the growth was 22 per cent to a total of 9,500 subscribers. The number of subscribers in Norway remained the same due to consolidation of existing customers.
During the month of July the number of customer in Norway grew by 1,600 due to the establishment of new and better sales channels and successful branding and marketing campaigns.
- We finalized to a large extent the consolidation of our subscribers in Norway during May and June, and our focus on customer service is giving us more loyal customers, says Lunde. The net increase of 1,600 new customers in July shows that our increased efforts in sales, marketing and branding are really starting to materialise.
Telio has been testing their broadband telephone service for small businesses at several selected business customers during June and July, and launched the service on a wider scale in August. The company has conducted a thorough analysis of the market, and considers the growth potential as very promising.
Along with the partner Tandberg, Telio has developed a broadband telephone service that also includes high quality video conferencing. This new service is being launched today. Telio will offer a subscription based broadband service with the option of video conferencing to existing and new Tandberg customers.
For the second quarter the Telio Group posted revenues of NOK 90.5 million, compared to NOK 69.6 million during the same quarter last year. EBITDA was NOK 16.4 million for the second quarter (18 per cent margin), compared to NOK 2.9 million for the second quarter last year (4 per cent margin). Income before tax for the second quarter was NOK 2.2 million, compared to a loss of NOK 4.9 million for the second quarter last year.
For more information, please contact:
Eirik Lunde, CEO Telephone: +47 23 62 66 88 / +47 48 09 69 64 E-mail: eirik.lunde@telio.no Web: www.telio.no
High definition pictures of CEO Eirik Lunde can be downloaded from http://www.telio.ch/om_telio/presse
(Oslo, August 22nd, 2007) Telio, one of Europe ́s leading providers of broadband telephone service, shows continued profitable growth during the second quarter. The company posted revenues of NOK 90.5 million, a new record, and a 30 per cent growth over the same quarter last year. The net operating income was NOK 3.0 million, compared to a loss of NOK 4.4 million last year.
We continued a profitable and controlled growth during the second quarter, says Eirik Lunde, the CEO of Telio Holding ASA, despite the continuing consolidation of customers during May and June and considerable investments in expanding the Telio brand.
At the end of the second quarter Telio had 133.800 subscribers, a net increase of 1.700 compared to the first quarter. The number of subscribers in Denmark increased by 17 per cent to a total of 21,500 (including 13,100 customers in Musimi). In the Netherlands the growth was 22 per cent to a total of 9,500 subscribers. The number of subscribers in Norway remained the same due to consolidation of existing customers.
During the month of July the number of customer in Norway grew by 1,600 due to the establishment of new and better sales channels and successful branding and marketing campaigns.
- We finalized to a large extent the consolidation of our subscribers in Norway during May and June, and our focus on customer service is giving us more loyal customers, says Lunde. The net increase of 1,600 new customers in July shows that our increased efforts in sales, marketing and branding are really starting to materialise.
Telio has been testing their broadband telephone service for small businesses at several selected business customers during June and July, and launched the service on a wider scale in August. The company has conducted a thorough analysis of the market, and considers the growth potential as very promising.
Along with the partner Tandberg, Telio has developed a broadband telephone service that also includes high quality video conferencing. This new service is being launched today. Telio will offer a subscription based broadband service with the option of video conferencing to existing and new Tandberg customers.
For the second quarter the Telio Group posted revenues of NOK 90.5 million, compared to NOK 69.6 million during the same quarter last year. EBITDA was NOK 16.4 million for the second quarter (18 per cent margin), compared to NOK 2.9 million for the second quarter last year (4 per cent margin). Income before tax for the second quarter was NOK 2.2 million, compared to a loss of NOK 4.9 million for the second quarter last year.
For more information, please contact:
Eirik Lunde, CEO Telephone: +47 23 62 66 88 / +47 48 09 69 64 E-mail: eirik.lunde@telio.no Web: www.telio.no
High definition pictures of CEO Eirik Lunde can be downloaded from http://www.telio.ch/om_telio/presse
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Contact Information
Eirik Lunde,
Chief Executive Officer
eirik.lunde@telio.no
Tom Nøttveit,
Chief Financial Officer
tom.nottveit@telio.no
(+47) 4153 9714