Telecom Liechtenstein AG has published variable figures for the financial year of 2015. A decline in its core business was partially compensated by the strong mobile sector.
Telecom Liechtensteins earnings were down by 2.8 per cent to CHF 45.9 million compared to the previous year, reported a press release. At the same time, period results grew by 8 per cent to CHF 4.4 million. Among the causes cited of the lower earnings was the discontinuation of the value-added numbers (wholesale) business area.
However, a rise in sales in the mobile sector partly compensated for this loss, according to the press release. A contribution margin of CHF 29.9 million was disclosed for 2015, which at 65 per cent is higher than the level of 63 per cent a year ago. Operating expenditure and staff costs fell.
Mathias Maierhofer, chief executive officer of Telecom Liechtenstein, commented that he was happy with the strategic development. In 2015, the company set new standards with the introduction of 4G/LTE speed in mobile communications and of a converged IP network, he explained. The strategic partnership with the Telekom Austria Group, which was entered into in 2014, has enabled a positive transfer of know-how, he said.
Markus Willi, president of the board of Telecom Liechtenstein, added: This strong partner opens up new technological possibilities for Telecom Liechtenstein, which will strengthen Liechtenstein as a location. According to the press release, Telecom Liechtenstein also plans to introduce new products and technological features in 2016.