Telekom Srbija Increases Income by More Than EUR 40 Million – Shareholders to be Paid Double the Dividend

Although last year there was no roaming, the income of Telekom Srbija increased by over EUR 40 million, said the CEO of Telekom, Vladimir Lucic.

According to him, this is primarily thanks to the internet sector, with an income growth of 13%, and the multimedia, where the growth amounted to as much as 22%.

He confirmed that he expected the earlier projections to be realized and for Telekom Srbija to reach the value of EUR 4 billion by 2022.

– There’s plenty of room for cost optimization – Lucic pointed out.

– The pure profit will be over RSD 10 billion this year. Each year, we nearly double the profit – he added.

– This year, in September, we will pay double the dividend we paid last year, as much as RSD 4.1 billion will be paid – he said.

– When the bonds and banking debts are taken into account, we still have an average debt for a telecommunications company – Lucic said.

– I believe that all these trends show that we were right when it comes to our acquisitions. We have managed to increase our income and the profitability of our company in the future – he said. He points out that the net debt will continue dropping, because the income is growing.

Lucic says that the agreement with Telenor is a standard agreement. “That is a mutual interest which is standard in many European countries. We are open not just to Telenor, but to everyone who would enter that market, to let them use our optical infrastructure”, he pointed out.

Telekom Srbija a.d. Beograd

Vladimir Lučić

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