– We have continued to deliver record results for the last 9 quarters, and we are naturally very satisfied with the results for the second quarter, showing growth in revenues and a substantial 30 % increase in operating profit over the same quarter in 2008, says Eirik Lunde, CEO of Telio Holding ASA.
Growth in international markets
Telio also continues to grow in the markets outside Norway. Denmark shows steady growth and reports a 42 % increase in the customer base compared to the same period last year. In the Dutch market, Telio has achieved a 42 % year-to-year growth in the customer base through existing wholesale agreements. The company is looking forward to further growth in the Netherlands as a result of the new wholesale agreement with Pretium Telecom, who will launch Telio based services under their own brand name in the third quarter of 2009.
Telio launches video telephony for the residential market
Telio has launched video telephony for the residential market during the summer. Video telephony is particularly attractive for families with multiple generations living far away from each other, and for households with family and friends abroad. The new service offers communication with unique high quality video and wideband audio, at the same favorable terms as Telio offer their customers today.
Strong financial results
In the second quarter the Telio Group achieved revenues of NOK 99.1 million compared to NOK 96.7 million in the year-ago quarter. EBITDA was NOK 36.4 million (36.7 % EBITDA margin) over NOK 30 million in the same quarter last year (31 % EBITDA margin). Operating profit ended at NOK 26 million compared to NOK 20.2 million in the second quarter of 2008.