TP SA Group posted drop in revenues in Q1 2012

TP SA Group ended the first quarter of 2012 with a consolidated net revenue of PLN 3.52bn (€0.83bn), nearly 6% less than a year before. Consolidated EBITDA decreased from PLN 1.35bn (€0.33bn) in Q1 2011 to PLN 1.22bn (€0.29bn) in Q1 of the current year. At the same time, consolidated net income amounted to PLN 242m (€57m), 28% more than in corresponding period of 2011.

Consolidated net financial results of TP SA Group (PLN m), Q1 2011-Q1 2012
TP SA Group, 2012
Q1 2011 Q2 2011 Q3 2011 Q4 2011 Q1 2012
Fixed-line telephony services revenue 1,190 1,141 1,134 1,104 1,055
Retail revenue (subscriptions and traffic) 915 858 836 810 765
Wholesale revenue including interconnection 272 280 296 291 289
Payphone revenue 3 3 2 2 1
Other 0 0 0 1 0
Mobile telephony services revenue1,6911,7791,7831,7571,689
Voice traffic revenue 990 1 054 1 057 1 011 942
Interconnection revenue 301 320 301 314 308
Messaging services and content 369 376 389 404 407
Other 31 29 36 28 32
Data services revenue 624 610 599 600 594
Leased lines 71 71 63 64 61
Data transmission 165 158 158 161 157
Dial-up 1 0 1 0 0
Broadband and TV revenue 387 381 377 375 376
Radio communications 58 55 0 0 0
Sales of goods and other 166 205 163 263 183
Total net revenue 3,729 3 ,790 3 ,679 3 ,724 3,521
EBITDA 1,345 2,144 1,402 1,037 1,224
Consolidated net income after tax 189 995 376 358 242

Nearly half of the group’s total net revenue came from the mobile telephony services segment, which brought PLN 1.7bn (€0.4bn), which was a similar amount as the year ago. EBITDA in this segment equalled PLN 523m (€123m), a PLN 1m (€233,000) less than a year before. Voice traffic holds around 56% share in net revenue of mobile services, while 24% was from the messaging services and content.

Fixed-line telephony services created 30% of the group’s consolidated gross revenues in Q1 2012, falling on a yearly basis from PLN 2.13bn (€0.52bn) to PLN 1.93bn (€0.45bn). EBITDA saw a 15% annual decrease and amounted to PLN 701m (€165m). Retail has a 73% share total net revenue in this segment.

As of April 2012, the fixed-line services provided by TP SA has been on the market under the Orange brand as well. Nevertheless, TP SA (the fixed-line incumbent) and PTK Centertel (the mobile operator) remain two separate companies within the one TP SA Group. One of the consequences of the rebranding process is an increase in the number of offered packages combining fixed and mobile services.

Consolidated gross revenue and EBITDA of TP SA Group from fixed and mobile segments (PLN m), Q1 2011-Q1 2012
TP SA Group, 2012
Q1 2011 Q2 2011 Q3 2011 Q4 2011 Q1 2012
Revenues from the fixed-line segment 2,131 2,098 2,001 2,052 1,927
EBITDA from the fixed line segment 821 1 552 739 517 701
Revenues from the mobile services segment 1,856 1,967 1,947 1,936 1,861
EBITDA from the mobile services segment 524 592 663 520 523

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