Lithuania's Telia Lietuva Q3 revenue rises on strength in IT, mobile services; plans job cuts

By Reuters News


Overview

  • Lithuania telecom operator's Q3 revenue rose 9.7% yr/yr

  • Adjusted EBITDA for Q3 increased 9.5% yr/yr

  • Company to cut about 85 jobs in December as part of group restructuring


Outlook

  • Company plans to invest EUR 7.1 mln to expand its mobile network

  • Telia Lietuva expects new data center near Vilnius to be completed in Q2 2027

  • Company to complete organizational restructuring by end-2026, targeting higher profitability


Result Drivers

  • IT AND MOBILE SERVICES - Co said growth in core areas was dominated by IT and mobile services development

  • EQUIPMENT SALES - Co said equipment sales rose 15% yr/yr for nine months

  • HIGHER CAPITAL INVESTMENT - Co said increased capital expenditure in Q3 led to lower free cash flow


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

EUR 137.40 mln

Q3 Net Income

EUR 27.50 mln

Q3 Adjusted EBITDA

EUR 55.80 mln

Q3 EBITDA

EUR 55.70 mln

Q3 Free Cash Flow

EUR 17.80 mln


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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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