Highlights of the Telekom Slovenije Group in 20143

In 2014 the Telekom Slovenije Group:

  1. Pincreased the number of mobile telephony users by 4.8%, the number of fixed broadband connections by 2.1% and the number of TV connections by 6.6%,
  2. generated a total of EUR 756.5 million in net sales revenue (a decrease of 3% relative to 2013), despite the adverse macroeconomic conditions and a decrease in revenues from mobile voice services due to the migration to new, more affordable packages for subscribers,
  3. introduced a number of innovations and improvements to services and networks aimed at increasing the mobility of users,
  4. erected 141 new base stations in Slovenia with the aim of upgrading the broadband mobile network with LTE technology, which covered more than 75% of the population at the end of the year, and
  5. generated EBITDA of EUR 170.1 million or 22.5% of net sales revenue.

The operating results of the Telekom Slovenije Group in 2014 marked of one-off events that had a current effect on the Group’s operating results for 2014 but, for the most part, otherwise represent a solid foundation for future operations (see section 2.1 Financial results).

Plans for 2015 and the main conditions that affect the Group’s operations are presented below in section 1.10 Development strategy and plans.

Financial indicators4

in EUR thousand 2014 2013 Ind 14/13
Revenue 756,454 779,360 97
Other operating income 8,442 19,819 43
Operating revenues 764,896 799,179 96
EBITDA 170,051 239,868 71
EBITDA margin 22.5 % 30.8 % 73
EBIT 11,412 71,540 16
Return on sales: ROS (EBIT/net sales revenue) 1.5 % 9.2 % 16
Net profit 1,594 51,057 3
Assets 1,343,421 1,391,869 97
Equity 693,901 758,582 91
Return on assets (ROA) 0.1 % 3.5 % 3
Return on equity (ROE) 0.2 % 6.8 % 3
Equity ratio 51.7 % 54.5 % 95
Net financial debt 344,057 341,807 101

 

Other economic performance indicators

in EUR thousand 2014 2013 Ind 14/13
Distributed economic value 664,990 640,280 104
Value added 162,008 214,011 76
Value added per employee (in EUR) 35,934 45,974 78
Investment in property, plant and equipment (CAPEX) 176,481 113,289 156
EBITDA – CAPEX –6,430 126,579 -
Ratio of (EBITDA-CAPEX) to EBITDA (cash margin) –3,8% 52,8% -
Labour costs 138,887 142,440 98
Corporate income tax 1,032 –2,194 -
Payments to owners – dividends 65,055 78,066 83

 

Social indicators – employees

  2014 2013 Ind 14/13
Število zaposlenih 4,431 4,586 97
Stopnja fluktuacije v družbah v Sloveniji % 6.5 % 4.4 % 148
Število ur izobraževanja na zaposlenega 23.0 23.9 96
Neposredni stroški izobraževanja v tisoč EUR 1,386 1,662 83

 

Social indicators – community

Connections / % 2014 2013 Ind 14/13
Mobile telephony 2,312,025 2,206,010 105
Fixed voice telephony 641,285 655,468 98
Retail broadband 352,987 345,668 102
Funds earmarked for sponsorships and donations as a proportion of operating revenues 0.4 % 0.4 % 100

 

Environmental indicators (Telekom Slovenije)

  2014 2013 Ind 14/13
Electricity consumption (in million kWh) 78.3 79.9 98
Direct environmental costs* (in million EUR) 10.3 11.6 89

 

* Includes the consumption of electricity by Telekom Slovenije, TSmedia, Avtenta and RT V locations.
** Telekom Slovenije’s direct environmental costs include the costs of electricity and fuel for the car fleet and
heating, and the costs of cleaning and municipal services.

Poslovni prihodki v milijonih evrov in stevilo zaposlenih Skupine Telekom Slovenije

3 GRI G4-9,G4-EC1

Pursuant to the requirements of IAS 1 and IAS 8, the financial statements for the comparative period, as presented in all tables and graphs below, have been adjusted for a change to an accounting policy. More information can be found in the Financial Report on page 140.