2005 Consolidated Financial Results of GTS Energis Group
Warsaw, February 7, 2006
In Q4 2005, GTS Energis, an alternative telecommunication operator rendering services to corporate clients, reported the consolidated revenues of PLN 98.2 million; i.e. PLN 3.4 million (3.5%) above the consolidated sales of the previous quarter. The 2005 consolidated revenues of the GTS Energis Group were valued at PLN 367 million. The 2005 internal revenues of the Group, which were eliminated as a result of merger, amounted to PLN 30.4 million.
In Q4 2005, the operating profit before depreciation of the GTS Energis Group was PLN 14.5 million. Those data do not include a one-off adjustment of a write-off for doubtful receivables - in the amount of PLN 2.3 million - which resulted from the application of new rules for the said write-off calculation. A PLN 0.9 million-increase of EBITDA as compared to Q3 2005 reflected the cost synergies that the Group launched as part of the operational integration after acquisition of Energis by GTS and a poorer result generated in the third quarter. The 2005 operating (EBITDA) profit was PLN 52.8 million; thus it was PLN 20.1 million (62%) above the 2004 EBITDA result of the GTS Polska and Energis Polska Companies.
In 2006, GTS Energis will focus on the investments related to expansion of the access network and development of IP technology-based products. These will include, but will not be limited to the services added to wide-area-network solutions, development of services managed in IP networks and IP telephony services, addressed to corporate as well as to individual clients via indirect sales channel. Expansion of 0 800 and 0 801 telephone services, based on intelligent networks, is also planned.
