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2021-01-29 07:00:00 CET 2021-01-29 07:00:12 CET SÄÄNNELTY TIETO Telia Lietuva, AB - Interim informationTelia Lietuva results for the twelve months of 2020The Board of Telia Lietuva, AB (hereinafter “Telia Lietuva” or “the Company”) approved unaudited Telia Lietuva, AB Consolidated Interim Financial Statements, prepared according to International Financial Reporting Standards as adopted by the European Union, for the twelve months’ period ended 31 December 2020. Fourth quarter of 2020: Twelve months of 2020: Management comment: From November the country is back into lockdown. Our retail outlets remain opened but only vital services being provided such as mobile signature or pick-up of equipment. Majority of the Company’s employees continue working at remote mode, while engineers ensure installation of new and uninterrupted provision of daily services. We continued to contribute to the fight against the consequences of coronavirus (COVID-19) in Lithuania. Our specialists installed and continues servicing the Coronavirus Hotline for residents, developed information robot to Covid-19 infected people. The drastic but necessary travel restrictions had a negative impact on the telecommunications business due to decline in roaming services, but remote work, education and the tremendous breakthrough in business digitisation meant only one thing to us: even better quality, more data, IT services, TV content and equipment. Recent forecast of the Bank of Lithuania predicts that Lithuania’s GDP in 2020 shall shrunk by 2 per cent and shall recover next year with a 1.9 per cent growth in GDP. In November 2020, the European Commission forecasted that decline of Lithuania’s GDP in 2020 shall be the lowest among other EU countries – 2.2 per cent. During October-December of 2020, the biggest intake of new customers was recorded in number of prepaid (8 thousand) and post-paid (6 thousand) mobile service subscriptions. Number of TV and fiber-optic Internet service users grew by 2 thousand each, while number of DSL connection eased by just 1 thousand and fixed telephony lines by 9 thousand. Over the last twelve months: Revenue for the fourth quarter of 2020 exceeded EUR 100 million in spite of lower volumes of roaming and voice transit services. The revenue increase was ensured by double-digit surge in TV and IT services, as well as continuous growth in mobile communication, broadband Internet and equipment sale. Over the year, comparing the twelve months of 2020 with the same period a year ago: The Company’s expenses were under control and that in combination with increased revenue led to a higher than in 2019 EBITDA. The Company also continued to generate strong cash flows. Capital investments during the last quarter of 2020 has surged and for the full year were 2.3 per cent higher than in 2019. Almost half of invested amount went to development of fixed network while one third – to upgrade of the Company’s IT systems under business transformation program. Mobile network development ensured our leadership in mobile Internet speed race with an average 85.1 Mbps speed in the Company’s network according to the latest measurement of Communications Regulatory Authorities. For constant improvements, good capital management and decent growth figures Telia Lietuva was recognised as the best listed company in Baltics according to evaluation of Corporate Excellence Award Jury comprised of representative of Herens Quality Asset Management AG (Switzerland), Alphinox Quality AS (Latvia) and Riga Technical University. In November 2020, a new Chair of the Board, Douglas Lubbe, a CFO of Telia Sverige, stepped in to substitute Emil Nilsson, who led the Board of Telia Lietuva for almost 2 years and has resigned due his departure from Telia Company. By the end of 2020, the Company together with the other Telia Company Group operating in Baltics and Nordics became a climate neutral undertaking. Since 2019, we use only green electricity, our mobile communication base stations operates under electricity saving program, we collect and reuse the customers’ end equipment and 84 per cent of our transportation fleet is already compliant with Euro6 emission standard. ENCL.:
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