Lithuania's Telia Lietuva Q3 revenue rises on strength in IT, mobile services; plans job cuts
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 |
Reuters Recommended Reads
Oct 20 - Austria's EuroTeleSites Q3 revenue rises, boosted by new tenants, towers
Oct 20 - Sweden's Tele2 Q3 sales rise on service revenue growth, cuts guidance
Oct 21 - Finland's Elisa slightly misses Q3 revenue estimates, maintains 2026 capex forecast
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.)