The total consolidated TEO Group's revenue for the third quarter of 2014 was LTL 171 million (EUR 49 million), a decrease by 5.8% over the total revenue of LTL 181 million (EUR 56 million) for the third quarter of 2013. The total revenue for the nine months of 2014 was LTL 513 million (EUR 149 million), a decrease by 5.1% over the total revenue of LTL 541 million (EUR 157 million) for the nine months of 2013.
EBITDA for the third quarter of 2014 went down by 9.6% to LTL 71 million (EUR 20 million) over LTL 78 million (EUR 23 million) in the third quarter of 2013. EBITDA margin amounted to 41.4% (43.1% in 2013).
EBITDA for the nine months of 2014 decreased by 10.2% to LTL 204 million (EUR 59 million) over LTL 228 million (EUR 66 million) for the same period year ago. EBITDA margin declined and amounted 39.8% (42% in 2013). Over the year EBITDA excluding non-recurring items went down by 5.7% while EBITDA margin excluding non-recurring items stood at 42.6%.
Profit before income tax for the third quarter of 2014 went down by 16.4% and amounted to LTL 39 million (EUR 11 million). It was LTL 47 million (EUR 14 million) a year ago. Profit before income tax for the nine months of 2014 was down by 15.3% and amounted to LTL 111 million (EUR 32 million). It was LTL 131 million (EUR 38 million) a year ago. Profit before income tax excluding non-recurring items was by 7.4% lower than during the nine months of 2013.
Profit for the period in July-September 2014 amounted to LTL 36 million (EUR 10 million), while a year ago it was LTL 43 million (EUR 12 million), a decrease by 16.3%. The profit margin was 20.9% (23.5% a year ago). Profit for the period in January-September 2014 amounted to LTL 99 million (EUR 29 million), a decrease by 15.9% over the profit of LTL 118 million (EUR 34 million) for the same period year ago. The profit margin was 19.3% (21.8% a year ago). Profit for the period excluding non-recurring items was by 7.2% lower than in January-September 2013 and profit margin excluding non-recurring items was 22.2%.
