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Tele2 Netherlands annual report: Ludek Lastovka new CFO per 1 March

Tuesday 3 May 2016 | 16:33 CET | Background

Tele2 Netherlands has appointed former Tele2 Austria CFO Ludek Lastovka as CFO per 1 March. He succeeds Ernst Jan van Rooijen, who announced his departure in 2015. Van Rooijen has stayed with the company until 29 February, according to Tele2 Netherlands' annual report that has been deposited with the Dutch Chamber of Commerce.

Tele2 Netherlands reported revenues of EUR 615.1 million for 2015, growing by 2.6 percent year-on-year, driven by a 25.9 percent growth in mobile revenues. This was enough to off-set a 10.4 percent decrease in fixed telephony and broadband revenues. Tele2’s mobile revenues amounted to EUR 270.9 million in 2015 including EUR 15.5 million from a tax settlement with the Dutch tax authorities. Further mobile growth came from an increase in customers as well as increasing handset equipment sales to new and existing customers. Tele2 also signed its first large business contract for mobile services during the last quarter of 2015 with Dutch waste management group Van Gansewinkel.

Fixed telephony and broadband revenues decreased to EUR 344.1 million in 2015 due to less customers, less fixed telephony minutes and continued price erosion for business data services. Fixed telephony revenues (consumer and business) amounted to EUR 35.6 million, down by 23 percent compared with 2014. At the same time fixed broadband revenues decreased by 9.4 percent to EUR 248.6 million. Other revenues from fixed network services also decreased, by 5.6 percent to EUR 59.9 million. During 2015 Tele2 was able to sign several government contracts as well as extending existing business contracts for fixed network services. 

Tele2 Netherlands’ EBITDA for 2015 dropped by more than 50 percent compared with 2014 from EUR 97.9 million to EUR 46.5 million. The decrease was caused by increased customer addition and retention costs, increased handset equipment costs, higher national roaming costs and higher access costs for off-net fixed broadband customers. Its operational result swung to a loss of EUR 41.5 million compared with a profit of EUR 27.8 million in 2014. This drop is caused by higher depreciation due the new 4G network. Tele2 reported a net loss of EUR 36.7 million in 2015 compared with a net profit of EUR 16 million in 2014.

The capex for the year grew by 12.4 percent to EUR 195.1 million due to continued investments in the roll-out of its ow LTE network. Tele2 Netherlands ended the year with 1,061 employees, growing from 1,011 at the end of 2014.

The annual report further includes a paragraph including the number of data leak notifications to Dutch regulator ACM. In 2015, Tele2 Netherlands notified ACM eleven times with some of those data leaks leading to internal improvements. At the same time, the operator has increased its efforts to ensure all employees understand the importance of privacy for its customers. This includes additional training sessions for handling confidential customer information. Tele2 also took measures to decrease the power consumption of its data centres including the closing of older data centres, replacing legacy equipment and optimalisation of data centre cooling processes. At the same time, Tele2 has started to deploy smart meters in its PoPs to monitor their power consumption. During 2015 this measures have led to a decrease of 4.5 percent in data centre power consumption.




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