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Follow on Google News | GTS Central Europe 2009 financial resultsGTS Central Europe (GTS CE) today announces its results for the year ending 31 Dec. 2009.
By: Cristian Copilau Highlights • Revenue of €384.5m, 12% decline from previous year • EBITDA of €86.0m, 11% growth over previous year • EBITDA margin of 22%, compared to 18% for previous year • Cashflow (EBITDA less capex) of €39.6m, 40% growth over previous year GTS CE continues to exhibit strong financial and operating performance in the face of a challenging economic environment. Since the company became cashflow positive in 2005, EBITDA and cashflow have grown at a compound annual growth rate of 17% and 50%, respectively. Increased profitability reflects a product mix shift towards the higher margin data and managed service product lines and a continued emphasis on cost control and efficiency improvements. While total revenue declined due to the divestment of non-core business lines, declining legacy voice products, and weaker local currencies compared to 2008, GTS CE continued profitable growth in our core data and managed service products. Adam Sawicki, Chief Executive Officer, commenting on the results, said: “I am very pleased with the results achieved in 2009. We completed our operational restructuring, establishing seven customer-focused business units. The newly created International Services and Wholesale Voice regional business units can take advantage of our unique operating scale and network to better serve the data and voice requirements of our regional carrier customers, while the five domestic business units focus on our in-country corporate customers. The new business unit structure, combined with the establishment of a regional procurement function and international network management center, has resulted in improved service to customers and increased efficiency, visibility and accountability across the company.” Gerry Grace, Chief Financial Officer, commented: “Year 2009 was very successful for us as we achieved significant contract wins despite the weak macro-environment. This included the largest contract in the company’s history with an associated revenue of €8.5m. With an improving macro-environment and streamlined business model, the company is well positioned for profitable growth in the future”. About GTS Central Europe GTS Central Europe (GTS CE) is a multi-layered infrastructure- One Network - One Region – One Offer GTS Central Europe has an unrivalled footprint within central and eastern Europe (CEE) and offers its customers and partners equally unrivalled reach and accessibility within the CEE region, achieved through an extensive international portfolio. Further, with one brand serving an entire region, you benefit from simplicity, cost-savings and efficiency that is not always achievable if you use multiple suppliers for your solution. If you see CEE as one region, you should use just one network. GTS CE: Your one-stop solution. # # # About GTS Telecom Part of GTS Central Europe, and positioned on the market as Business AcceleratorTM, the company deploys on the Business segment a full range of carrier and corporate networking solutions based on MPLS, DWDM, SDH, TCP/IP, Frame Relay, Internet services, voice, hosting and collocation in own DataCenter. ISO 9001 certified GTS deploys end-to-end managed solutions with guaranteed quality (SLA). In 2009 the average SLA level for all deployed solutions was 99.92%. The company is directly interconnected to GTS Central Europe through its own fibre-optic cross-border network, and from here, up to the interconnection PoPs in Frankfurt and Vienna. End
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