Welcome!

News Feed Item

Telio Holding ASA: Strong 4th Quarter Concluded a Successful Year for Telio

Telio (OSE:TELIO) concluded 2013 with a strong fourth quarter both in terms of revenues and profitability. Revenues for Telio Group in the fourth quarter ended at NOK 327.7 million and EBITDA was NOK 73.9 million. For the year 2013 revenues ended at NOK 1.247 billion and EBITDA at NOK 270.3 million.

- 2013 has been a very successful year for Telio with the acquisition of NextGenTel early in the year as the most significant event in the history of the company. The fourth quarter is evidence of a successful turnaround for NextGenTel. The Telio Group is now well positioned to achieve its financial targets for 2014 and the years ahead, says Eirik Lunde, CEO of Telio Holding ASA.

EBITDA for Telio Group was NOK 73.9 million and EBIT was NOK 32.8 million (EBIT adjusted for amortization costs of NOK 11.4 million related to the acquisition of NextGenTel AS).

NextGenTel

NextGenTel has continued the positive development during the fourth quarter and the financial performance is ahead of plan. The company has 100 less FTEs at the end of the fourth quarter than at the transaction date. A cost control program has been established and significant savings have been achieved both in operating expenses and capital expenditures compared to the same period last year.

After quarter-end, NextGenTel announced a contract with TeliaSonera to deliver fiber to TeliaSonera’s locations in Norway, including the NetCom shops. With this contract, NextGenTel further strengthens its position within the retail stores segment. The company currently provides broadband accesses to twenty thousand businesses making NextGenTel one of the largest players within broadband to retail stores and other enterprises in Norway.

New contract in the Netherlands

After quarter-end, Telio announced a new contract to provide VoIP services to M7 customers in the Netherlands. M7 operates in the Netherlands with a.o. the brand Canal Digitaal. During 2014, Telio Netherlands will start providing all VoIP services for their Dutch customers. This includes the migration of the voice services of all existing customers (currently approximately 145,000 customers). An intention has been expressed by both M7 and Telio to also look into providing VoIP services to other M7 customers across Europe.

Strong cash flow

The Telio Group has generated a free cash flow representing NOK 5.82 per share in 2013. Net interest bearing debt is reduced from NOK 347 million at 31 March to NOK 257 million as of 31 December 2013. The sale of the NextGenTel office building was completed 31 December 2013 and brought NOK 95 million in additional cash to the company in January 2014.

Refinancing

The bondholders' meeting held on 5 February 2014 voted in favor of the company's proposal for an early redemption of the bond. The NOK 300 million bond will be repaid at 109.50% of par value. The company has agreed on new loan facilities with Nordea. The new financing comprises a five year term loan of NOK 250 million and a NOK 75 million overdraft facility, replacing the current bank loan of NOK 175 million. The reduced financial expenses following the new loan facilities will offset the call premium for the bond within approximately 24 months and the new financing reduces financial expenses by approximately 60% (NOK 56 million) over the loan term. Altogether, this financial restructuring including less strict financial covenants makes it possible for Telio to pay dividend already in 2014 based on the 2013 annual accounts.

Financial results

In the fourth quarter 2013, the Telio Group achieved revenues of NOK 327.7 million compared to NOK 110.6 million in the year-ago quarter. EBITDA was NOK 73.9 million (22.5% EBITDA margin) compared to NOK 9.5 million (8.6 % EBITDA margin) in the same quarter last year. Operating profit ended at NOK 32.8 million compared to NOK 4.6 million in the fourth quarter of 2012 (EBITDA and operating profit are adjusted for non-recurring items and EBIT is adjusted for amortization cost related to the acquisition of NextGenTel).

See financial report and market presentation for Q4 2013 at:

http://telioholding.no/Investor-relations/Reports-and-presentations

Download high definition pictures of CEO Eirik Lunde at http://telioholding.no/News-and-media/Logos-and-pictures

This information was brought to you by Cision http://news.cision.com

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
SYS-CON Events announced today that Juniper Networks (NYSE: JNPR), an industry leader in automated, scalable and secure networks, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Juniper Networks challenges the status quo with products, solutions and services that transform the economics of networking. The company co-innovates with customers and partners to deliver automated, scalable and secure network...
In his session at Cloud Expo, Alan Winters, an entertainment executive/TV producer turned serial entrepreneur, will present a success story of an entrepreneur who has both suffered through and benefited from offshore development across multiple businesses: The smart choice, or how to select the right offshore development partner Warning signs, or how to minimize chances of making the wrong choice Collaboration, or how to establish the most effective work processes Budget control, or how to max...
"I think that everyone recognizes that for IoT to really realize its full potential and value that it is about creating ecosystems and marketplaces and that no single vendor is able to support what is required," explained Esmeralda Swartz, VP, Marketing Enterprise and Cloud at Ericsson, in this SYS-CON.tv interview at @ThingsExpo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Most companies are adopting or evaluating container technology - Docker in particular - to speed up application deployment, drive down cost, ease management and make application delivery more flexible overall. As with most new architectures, this dream takes a lot of work to become a reality. Even when you do get your application componentized enough and packaged properly, there are still challenges for DevOps teams to making the shift to continuous delivery and achieving that reduction in cost ...
Why do your mobile transformations need to happen today? Mobile is the strategy that enterprise transformation centers on to drive customer engagement. In his general session at @ThingsExpo, Roger Woods, Director, Mobile Product & Strategy – Adobe Marketing Cloud, covered key IoT and mobile trends that are forcing mobile transformation, key components of a solid mobile strategy and explored how brands are effectively driving mobile change throughout the enterprise.
After more than five years of DevOps, definitions are evolving, boundaries are expanding, ‘unicorns’ are no longer rare, enterprises are on board, and pundits are moving on. Can we now look at an evolution of DevOps? Should we? Is the foundation of DevOps ‘done’, or is there still too much left to do? What is mature, and what is still missing? What does the next 5 years of DevOps look like? In this Power Panel at DevOps Summit, moderated by DevOps Summit Conference Chair Andi Mann, panelists l...
Virtualization over the past years has become a key strategy for IT to acquire multi-tenancy, increase utilization, develop elasticity and improve security. And virtual machines (VMs) are quickly becoming a main vehicle for developing and deploying applications. The introduction of containers seems to be bringing another and perhaps overlapped solution for achieving the same above-mentioned benefits. Are a container and a virtual machine fundamentally the same or different? And how? Is one techn...
My team embarked on building a data lake for our sales and marketing data to better understand customer journeys. This required building a hybrid data pipeline to connect our cloud CRM with the new Hadoop Data Lake. One challenge is that IT was not in a position to provide support until we proved value and marketing did not have the experience, so we embarked on the journey ourselves within the product marketing team for our line of business within Progress. In his session at @BigDataExpo, Sum...
Keeping pace with advancements in software delivery processes and tooling is taxing even for the most proficient organizations. Point tools, platforms, open source and the increasing adoption of private and public cloud services requires strong engineering rigor - all in the face of developer demands to use the tools of choice. As Agile has settled in as a mainstream practice, now DevOps has emerged as the next wave to improve software delivery speed and output. To make DevOps work, organization...
MongoDB Atlas leverages VPC peering for AWS, a service that allows multiple VPC networks to interact. This includes VPCs that belong to other AWS account holders. By performing cross account VPC peering, users ensure networks that host and communicate their data are secure. In his session at 20th Cloud Expo, Jay Gordon, a Developer Advocate at MongoDB, will explain how to properly architect your VPC using existing AWS tools and then peer with your MongoDB Atlas cluster. He'll discuss the secur...
Without a clear strategy for cost control and an architecture designed with cloud services in mind, costs and operational performance can quickly get out of control. To avoid multiple architectural redesigns requires extensive thought and planning. Boundary (now part of BMC) launched a new public-facing multi-tenant high resolution monitoring service on Amazon AWS two years ago, facing challenges and learning best practices in the early days of the new service.
Niagara Networks exhibited at the 19th International Cloud Expo, which took place at the Santa Clara Convention Center in Santa Clara, CA, in November 2016. Niagara Networks offers the highest port-density systems, and the most complete Next-Generation Network Visibility systems including Network Packet Brokers, Bypass Switches, and Network TAPs.
SYS-CON Events announced today that MobiDev, a client-oriented software development company, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software company that develops and delivers turn-key mobile apps, websites, web services, and complex softw...
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm.
What sort of WebRTC based applications can we expect to see over the next year and beyond? One way to predict development trends is to see what sorts of applications startups are building. In his session at @ThingsExpo, Arin Sime, founder of WebRTC.ventures, will discuss the current and likely future trends in WebRTC application development based on real requests for custom applications from real customers, as well as other public sources of information,