Still, customers’ demand for cloud and remote work solutions, wider range of equipment suitable for work from home persist.ĭuring the quarter number of mobile communication users continued to grow – increased by 40 thousand, while broadband Internet and pay-TV markets are showing signs of saturation. Eased restrictions on cross-border travelling revived the revenue stream from roaming services. Employees of the Company were enabled to combine work in the office with remote work from home or other locations. The second COVID-19 pandemic caused quarantine in Lithuania was officially over on 1 July 2021. The third quarter of 2021 was the good one in terms of revenue growth and profitability in spite of growing pressure from labour and energy markets.
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Free cash flow amounted to EUR 62.8 million and was 1.8 per cent lower than free cash flow of EUR 63.9 million a year ago. Profit for the period was EUR 41.5 million, up by 6.3 per cent over the profit of EUR 39 million a year ago. EBITDA was EUR 106.5 million, an increase by 5.5 per cent over EBITDA of EUR 100.9 million a year ago. Adjusted EBITDA, excluding non-recurring items, was EUR 106 million and grew by 4.1 per cent over EBITDA, excluding non-recurring items, of EUR 101.8 million for January-September of 2020. Total revenue amounted to EUR 307.5 million, an increase by 6.2 per cent over the revenue of EUR 289.5 million for the nine months of 2020.
Profit for the period was EUR 16.1 million, up by 6.3 per cent over the profit of EUR 15.1 million a year ago. EBITDA was EUR 37.7 million, an increase by 7.8 per cent over EBITDA of EUR 35 million a year ago. Adjusted EBITDA, excluding non-recurring items, was EUR 38 million, an increase by 7.1 per cent over EBITDA, excluding non-recurring items, of EUR 35.5 million in the third quarter of 2020. Total revenue amounted to EUR 106.2 million, an increase by 6 per cent over the revenue of EUR 100.2 million in the third quarter of 2020.
The 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 nine months’ period ended 30 September 2021.
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