Telekom Slovenije (TLSG) Q3 2024 earnings summary

Executive summary

• Operating revenues for January–September 2024 reached EUR 536.4 million, up 2% year-over-year, driven by growth in user numbers and higher IT and digital service sales.

• Net profit rose 17% year-over-year to EUR 46.6 million, with EBITDA at EUR 185.3 million, up 2% from the prior year.

• The Group expects to surpass its original 2024 plan, projecting operating revenues of EUR 717 million, EBITDA of EUR 238 million, and net profit of EUR 52 million.

• Investments increased 37% year-over-year to EUR 157.2 million, with significant focus on network expansion and digital infrastructure.

Financial highlights

• Sales revenue: EUR 530.8 million (+2% year-over-year).

• EBITDA: EUR 185.3 million (+2% year-over-year), margin 34.9%.

• EBIT: EUR 60.8 million (+2% year-over-year).

• Net profit: EUR 46.6 million (+17% year-over-year).

• Net financial debt: EUR 364.6 million (up from EUR 355.7 million at end-2023).

• Investments: EUR 157.2 million (+37% year-over-year).

Outlook and guidance

• Full-year 2024 guidance: operating revenues EUR 717 million, EBITDA EUR 238 million, net profit EUR 52 million.

• Focus remains on digital transformation, operational efficiency, and expanding ICT and digital services.