Siminn on track for FY growth after higher Q3 results

Wednesday 31 October 2018 | 16:08 CET | News
Iceland operator Siminn reported revenue of ISK 6.969 billion for the third quarter, up slightly from ISK 6.956 billion in the same period of 2017 thanks to growth in TV and IT services as well as equipment sales. EBITDA also increased, by ISK 10 million to ISK 2.397 billion, for a slightly higher margin of 34.4 percent. The net profit rose to ISK 978 million from ISK 905 million a year earlier, helped by lower interest charges. 

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Siminn
Countries: Iceland
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Siminn lifts Q4 revenue slightly, suffers significant loss after Mila goodwill impairment

Published 27 Feb 2019 12:08 CET | Iceland
Icelandic operator Siminn said that revenue in the fourth quarter increased to ISK 7.54 billion from ISK 7.50 billion in Q4 2017. ...

Siminn reaches deal to show English Premier League men's football for 3 seasons

Published 12 Nov 2018 12:21 CET | Iceland
Siminn said it has reached an agreement to broadcast English Premier League men's football for three seasons starting from ...

Last week in telecoms: record performance with telecom index closing in on benchmark, BT up sharply

Published 05 Nov 2018 07:00 CET | Europe
Last week was the the year's best so far for the European telecoms sector. Our index was up 4.0 percent, outperforming the ...

Siminn Q2 revenues dip but profits rise as TV demand becomes less seasonal

Published 29 Aug 2018 12:07 CET | Iceland
Icelandic operator Siminn has announced a slight dip in second quarter revenues but said that profitability has improved. Mobile ...

Siminn TV decoder to work on any network from autumn

Published 19 Jun 2018 13:19 CET | Iceland
Icelandic operator Siminn said that from autumn, its television service will be accessible to anyone, regardless of their ...

Siminn says young customers' high data use and IPTV features boost Q1 results

Published 25 Apr 2018 12:23 CET | Iceland
Icelandic operator Siminn said that revenue in the first quarter of 2018 rose by 2.2 percent to ISK 6.88 billion from ISK 6.72 ...

Siminn suffers drop in Q4 revenue and profit.

Published 20 Feb 2018 12:56 CET | Iceland
Icelandic operator Siminn said fourth quarter revenue dropped by 4.9 percent to SEK 7.39 billion from SEK 7.77 billion a year ...