Planned net profit for this year is EUR 50 million Ljubljana, 25 April Yesterday the Telekom Slovenije Supervisory Board met at its last meeting in this term. The current term of the Supervisory Board members to represent capital ends tomorrow, on 26 April. As already known, in February the General Meeting of the corporation appointed new members of the Supervisory Board to represent capital. Members of the new Supervisory Board are Adolf Zupan, Bernarda Babi , Borut Jamnik and Toma Berlo nik. Two chairs in the Supervisory Board remain unoccupied at least until the next General Meeting, which is planned for 20 June, since two of the appointed members resigned immediately after the General Meeting.
The Telekom Slovenije Supervisory Board discussed and confirmed the company's and group's audited business report. The results do not differ significantly from the already published unaudited business results. In 2012 the Telekom Slovenije Group generated EUR 793.1 million in operating revenues in 2012, a decrease of 4% compared with 2011. The drop in operating revenues was expected due to the adverse economic conditions and general negative trends in the fixed and mobile telephony segments. The Telekom Slovenije Group nevertheless generated a net profit of EUR 43.7 million, an increase of 28% or EUR 9.7 million on 2011. Net profit also exceeds the forecast and is the result of measures adopted with the aim of optimising operations. EBIT was EUR 62.5 million, which is down by EUR 0.7 million on 2011. EBITDA reached EUR 241.6 million or 30.5% of operating revenues. Investments in fixed assets were EUR 128.1 million.
Important data for the long term stability of operations is also the reduction of debt of Telekom Slovenije. Larger loans debited to the company were hired in the period of economic expansion before the current crisis, when business was expanded to foreign markets. Last year the net financial debt was reduced by no less than 15 per cent or EUR 58.3 million. At the end of the year the net financial debt was EUR 330.3 million.
In the Telekom Slovenije Group they are planning a net profit of EUR 50 million in 2013, the EBITDA will be up to EUR 245 million, while there will be around EUR 130 million earmarked for investments in fixed assets.
Members of the Telekom Slovenije Supervisory Board in the present composition were Toma Berginc, MSc, Toma Kalin, PhD, Marko Ho evar, PhD, Jaro Berce, PhD, Nata a telcer, MSc, and Franci Mugerle as representatives of capital, and Milan Richter, Brane Sparavec and Martin Gori ek as the representatives of the employees. At the end of the term the president of the Supervisory Board, Toma Berginc, emphasised: I can evaluate the work of this supervisory board as very good. We have worked in time of the most difficult economic situation in the history of the independent Slovenia and have been rectifying the consequences of certain management decisions from the previous terms. We have triggered and co-created some of the milestones which are important for Telekom Slovenije as well as its entire group. With this I mean mainly the merger of Telekom Slovenije and Mobitel, which was a nut too tough for all our predecessors, we have taken up restructuring of the business processes, consolidation of individual companies of the group, and numerous other measures for achieving a most efficient operation. True, we wanted more, but if considered objectively, in the given general economic situation and in the industry, we have turned the path of the Telekom Slovenije Group in the right direction. This is owing to significant endeavours by the members of the Supervisory Board, as well as the Management Board and the management of Telekom Slovenije, with whom we have constructively cooperated.
More from Telkom Slovenia
25/10/2013
IP-infranet provides a secure, reliable, and efficient system for transmitting a...
10/10/2013
The LG G2 Smartphone Available at Telekom Slovenije Ljubljana, 10 October - Telekom Slovenije became the first provider in Slovenia to offer its users the state...
07/10/2013
Attractive New Features on SiOL TV Ljubljana, 10 July - Telekom Slovenije has introduced some new features to its SiOL TV service, bringing users an even better...
06/10/2013
Itak Plejs - a Technological Innovation Which Lets Itak Users Be on the Go Anyti...
30/09/2013
Telekom's Great Deal for Seniors Ljubljana, 30 September - This autumn, Telekom Slovenije has something special in store for its senior users. The new Penzi...
04/09/2013
LTE Days at Telekom Centers Continue Ljubljana, 8 April - LTE days are coming to Telekom centers around Slovenia until 14 May. LTE days give users the chance to...
04/09/2013
Mobitel LTE/4G is Expanding at Full Steam Ljubljana, 9 April - Telekom Slovenije continues putting up base stations to make way for LTE technology. The initial...
29/08/2013
Higher revenues and a higher net profit for TS Group over the first six months o...
08/08/2013
Itak generation setting off on an unforgettable summer road trip Ljubljana, 8 August 2013 - In line with its new motto Your Time, Your Rules! Itak will help t...
05/08/2013
President of the Telekom Slovenije Supervisory Board is Borut Jamnik Ljubljana, 8 May - Members of the Telekom Slovenije Supervisory Board today continued with ...
01/08/2013
More Than 160,000 Collected in 2012 Via Text Message Donations Ljubljana, 8 January Telekom Slovenije's Text Message Donation service enables organizatio...
31/07/2013
Paying Invoices at Payment Machines Available at All Telekom Centers Ljubljana, 31 July - Telekom Slovenije provides its users with the option of paying their i...
19/07/2013
Telekom Slovenije launches the Broadband Internet Access via Satellite service Ljubljana, 19 July Since Friday 19 July Telekom Slovenije offers its users the ...
19/07/2013
Electric bicycles of Telekom Slovenije go to Idrija and Kri evci pri Ljutomeru Ljubljana/Murska Sobota, 17 July As a socially engaged company, this spring Tel...
05/07/2013
Telekom Slovenije Supervisory Board is Not Formed Yet Ljubljana, 7 May Today the Telekom Slovenije Supervisory Board continued its establishment meeting which...
03/07/2013
A New Channel Layout for SiOL TV Ljubljana, 7 March Telekom Slovenije made some changes to the SiOL TV channel layout yesterday. Because of numerous customer ...
02/07/2013
The Telekom Slovenije General Meeting Votes in Favor of Interim Dividend Payment...
17/06/2013
The Winners of TSstartup's Second Generation Have Been Announced Ljubljana, 17 June Telekom Slovenije announced another call for applications in February ...
14/06/2013
This Time Electric Bikes Go to alec and Radovljica Ljubljana, 14 June Telekom Slovenije gave away two more electric bicycles to users who use environmentally...
13/06/2013
The Itak Job Project shows that, in order to succeed in today's job market, ...
05/06/2013
The First Session of the New Telekom Slovenije Supervisory Board Telekom Slovenije's Supervisory Board held its first session in the new term this afternoon...
03/06/2013
SiOL TV Improving Its Range of Channels Ljubljana, 1 March On 6 March 2013 Telekom Slovenije will introduce many attractive changes to SiOL TV, adding some ne...
30/05/2013
Operating results of the Telekom Slovenije Group during the first quarter of thi...
28/05/2013
Two new winners in the E-invoice/joint invoice competition Ljubljana, 28 May Telekom Slovenije's prize competition, which encourages people to use environ...
28/05/2013
Telekom Slovenije Presents New Features for Itak Ljubljana, 28 May Telekom Slovenije today presented the new features, products, and services of its Itak bran...
27/05/2013
Telekom Slovenije Wins 2 Best Buy Awards Ljubljana, Zurich, 27 May 2013 Slovenian consumers have ranked Mobitel and SiOL, Telekom Slovenije's brands, as t...
24/05/2013
The Highly Anticipated HTC One in Mobitels Range of Products Ljubljana, 24 May Telekom Slovenije introduced the HTC One to Mobitel's users. It is distingu...
23/05/2013
SiOL, Mobitel, and Telekom Slovenije are Trusted Brands Ljubljana, 23 May Organizers of the Trusted Brand event, held on 22 May, conferred Reader's Digest...
22/05/2013
Two New Mobi Packages and a Service for Making Free Calls to a Selected Number Ljubljana, 22 May Telekom Slovenije introduced two new features to Mobitel'...
22/05/2013
Salt from Piran also on Store Shelves in England Ljubljana, 22 May Soline, run by Klavdij Godni and under the 100% ownership of Telekom Slovenije, is succes...
16/05/2013
With SiOL to the UEFA Champions League final in London Ljubljana, 16 May Telekom Slovenije handed out the grand prize in the prize competition it held on Face...
15/05/2013
Football brings people together and teaches children teamwork Ljubljana, 15 May Football is a sport which unites generations in common enthusiasm. It teaches ...
09/05/2013
For the first time in the history of the European Basketball Championship, it wi...
04/05/2013
Spring Brings Changes to SiOL's Portfolio Ljubljana, 5 April Telekom Slovenije is introducing some changes to the internet and television services offered...
02/05/2013
Slovenian mobile operators and internet providers signed a code of practice for ...
30/04/2013
The Samsung Galaxy S4 LTE available at Mobitel as of Saturday Ljubljana, 25 April Samsung Slovenija and Telekom Slovenije launched the new GALAXY S4 LTE on Sa...
25/04/2013
Planned net profit for this year is EUR 50 million Ljubljana, 25 April Yesterday the Telekom Slovenije Supervisory Board met at its last meeting in this term....
04/04/2013
SiOL Beta Club Wins an Award for Excellence in Communications Ljubljana, 4 April The SiOL Beta Club project, a product of collaboration between Telekom Sloven...
03/04/2013
E-invoicing or Group Invoicing for the Win Ljubljana, 4 March Telekom Slovenije is once again sponsoring a prize competition for all those who give up paper in...
02/04/2013
Antenna Group and Telekom Slovenije Announce a Joint Venture Antenna Group, a leading European media investment company and Telekom Slovenije, one of the larges...
29/03/2013
LTE Days at Telekom Centers Ljubljana, 29 March Today we launched LTE days, which will be held at Telekom centers around Slovenia between 29 March and 14 May....
27/03/2013
Fight for Your Right to Work Ljubljana, 26 March 2013 Unemployment among young people is one of the most pressing issues facing the Slovenian economy. The Ita...
21/03/2013
Telekom Slovenije Group Wins Four Effie Awards for Effective Marketing Communica...
20/03/2013
Mobitel LTE/4G Brings New Dimensions to Mobile Internet Ljubljana, 20 March Telekom Slovenije has presented its state-of-the-art and fastest yet mobile networ...
14/03/2013
The Telekom Slovenije Supervisory Board on Organizational Consolidation Ljubljana, 14 March At its meeting yesterday, the Telekom Slovenije Supervisory Board ...
13/03/2013
TSstartup 41 Applications Submitted Ljubljana, 13 March - In mid-February, Telekom Slovenije published the second call for applications to its business acceler...
13/03/2013
4,329 Students Competed in Their Eco-knowledge Ljubljana, 13 March 2013 Slovenian middle school students are once again acquiring eco-knowledge and competing f...
28/02/2013
Unaudited Business Report of the Telekom Slovenije Group for 2012 - Revenues low...
21/02/2013
SiOL Webmail with a Great New Look and Other Useful Features Ljubljana, 21 February Last week Telekom Slovenije began informing its SiOL and Planet email users...
Planned net profit for this year is EUR 50 million Ljubljana, 25 April Yesterday the Telekom Slovenije Supervisory Board met at its last meeting in this term. The current term of the Supervisory Board members to represent capital ends tomorrow, on 26 April. As already known, in February the General Meeting of the corporation appointed new members of the Supervisory Board to represent capital. Members of the new Supervisory Board are Adolf Zupan, Bernarda Babi , Borut Jamnik and Toma Berlo nik. Two chairs in the Supervisory Board remain unoccupied at least until the next General Meeting, which is planned for 20 June, since two of the appointed members resigned immediately after the General Meeting.
