Brief: Siminn Q1 EBITDA Rises To ISK 2.74 Billion

Asar Hf

29/04/2020 06:45

April 29(Reuters) - Siminn hf  SIMINN.IC :
    * REPORTED ON TUESDAY Q1 REVENUE OF ISK 7.25 BILLION VERSUS
ISK
6.96 BILLION YEAR AGO
    * Q1 EBITDA ISK 2.74 billion VERSUS ISK 2.37 BILLION YEAR
AGO
    * "CUSTOMERS TOOK ADVANTAGE OF OUR TV AND DATA SERVICES TO
AN
EXTENT WE HAVE NOT SEEN BEFORE"
    * "BY THE END OF THE QUARTER, THE CAPACITY AND LOAD FACTOR 
ON THE
COMPANY'S TELEVISION AND NETWORK SYSTEMS WAS AT THE HIGHEST
LEVELS WE HAVE SEEN SO FAR"
    * REVENUES FROM FOREIGN TOURISTS ALMOST EVAPORATED IN A FEW
WEEKS,
AS WELL AS WE CLOSED THE COMPANY'S STORES DUE TO QUARANTINE OF
WORKERS. 
    * ROAMING REVENUE IS ALMOST NOT EXISTENT AT THE MOMENT. 
    * THE COMPANY IS BELOW LONG-TERM LEVERAGE RATIO AND HAS
THEREFORE
EXERCISED AN OPTION TO POSTPONE PAYMENTS OF LOANS IN 2020 UNTIL
FINAL MATURITY. 

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nGNE6Tn86s
    
 Further company coverage:  SIMMIN.IC  
   


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