The Board of Telia Lietuva, AB (hereinafter “Telia Lietuva” or “the Company”) approved unaudited Telia Lietuva, AB Consolidated Interim Financial Statements, prepared according to International Financial Reporting Standards as adopted by the European Union, for the nine months’ period ended 30 September 2020.

Third quarter of 2020:
- Total revenue amounted to EUR 100.2 million and was the same as a year ago. Comparable (like for like) revenue grew by 0.9 per cent.
- EBITDA, excluding non-recurring items, was EUR 35.5 million, an increase by 6.3 per cent over EBITDA, excluding non-recurring items, of EUR 33.4 million in the third quarter of 2019.
- Profit for the period was EUR 15.1 million, up by 14.9 per cent over the profit of EUR 13.2 million a year ago.

Nine months of 2020:
- Total revenue amounted to EUR 289.5 million, an increase by 2.9 per cent over the revenue of EUR 281.3 million for the nine months of 2019. Comparable (like for like) revenue grew by 3.8 per cent.
- EBITDA, excluding non-recurring items, was EUR 101.8 million and grew by 5.6 per cent over EBITDA, excluding non-recurring items, of EUR 96.4 million for January-September of 2019.
- Profit for the period was EUR 39 million, up by 3.3 per cent over the profit of EUR 37.8 million a year ago.
- Free cash flow amounted to EUR 63.9 million, an increase by 34.6 per cent over free cash flow of EUR 47.5 million a year ago.

Management comment:
We could call the third quarter of 2020 as back to new normal where retail outlets are opened, employees returned to the office and during quarantine suspended services are reordered. The Bank of Lithuania forecasts that this year Lithuania’s GDP will shrunk by just 2 per cent and will recover next year with a 3.1 per cent growth in GDP.

On the other hand, we still have cross boarder travelling restrictions that affect our roaming services. The pandemic has also changed pattern of customers’ behaviour and purchase preferences. We observe an ongoing demand for connection speed and capacity, cloud and data center solutions for businesses, laptops and TV sets for home.

Intake of new customers continued during July-September 2020. The number of upgraded prepaid mobile service subscriptions increased by 19 thousand and post-paid – by 10 thousand, while number of broadband Internet and TV service customers increased by 2 thousand each.

Over the last twelve months:
- number of mobile service subscriptions grew by 3.4 per cent up to 1,384 thousand,
- number of TV service users increased by 4.6 per cent up to 251 thousand,
- number of FTTH Internet connections went up by 1.7 per cent up to 295 thousand.