Slovenian Telecom giant surpasses targets

Slovenian Telecom giant surpasses targets

Business

Telekom Slovenije, the national telecoms incumbent, saw its net profit rise by 17% to €55 million in 2024, as revenue inched 2% higher to €720 million, according to unaudited results released by the company.

Earnings before interest, taxes, depreciation, and amortisation (EBITDA) reached €240 million, a 5% increase on the year before, and pre-tax profit (EBIT) rose 14% to just shy of €73 million, CE Report quotes The Slovenia Times.

The company says it exceeded targets across all key segments and markets.

The group had a total of 1.99 million mobile retail users, 4% more than at the end of 2023, and 316,176 fixed retail broadband and TV connections, likewise a 4% increase.

In Slovenia, it remains the market leader with a 35.8% share in the mobile services segment, and it increased its market shares in the fixed internet access (34%).

In Kosovo, its subsidiary IPKO is the market leader with a 53% share in the mobile segment and a 28% share in the fixed segment.

The group raised capital expenditure by 16% to €219 million, as a result of which its fibre optic network is available to half a million Slovenian households and its 5G mobile network coverage expanded by a third to 80% of the population.

For this year, Telekom expects revenue to rise marginally, to €726 million, with net profit projected to be slightly lower, at €54 million.

Tags

Related articles

Romania Open for Business
Amid rising economic pressures, including increased interest rates and fears over losing European funds, Romanian Economy Minister Ivan emphasized the need for calm and stability.
Bulgarian Nurses Protest for Better Conditions
On International Nurses Day, May 12, the Union of Bulgarian Medical Specialists (UBMS) will stage a protest in front of the Ministry of Health at noon, announced UBMS Chair Maya Ilieva during a round table on Bulgaria’s healthcare issues.
Investor Exodus Over Political Turmoil
Investor fears are mounting as Romania faces a deepening currency crisis, driven by political instability, according to economic consultant Adrian Negrescu.
Bulgaria Reports Q1 Budget Deficit
Bulgaria’s revenues under the Consolidated Fiscal Programme reached BGN 16.83 billion in the first quarter of 2025, or 18.6% of the annual target, the Finance Ministry reported.