Telnet Holding reports $14.9 million in operating income for Q4 2020

Telnet Holding released its fourth-quarter activity indicators report of 2020, showing its operating income as of December 31, 2020, was 40,441.165 dinars ($14,921,800).

telnet holding

Telnet Holding released its fourth-quarter activity indicators report of 2020, showing its operating income as of December 31, 2020, was 40,441.165 dinars ($14,921,800). This represents 4% decrease compared to the 43,806,288 dinars ($15,636,100) reported in 2019.

Telnet Holding is a Tunisia-based company specialised in innovation and technology consulting. It provides services in the sectors, including transport and automotive, defence and avionics, security and smart cards, industry and information systems.

The activity indicators report as of December 31, 2020, relating to Telnet Holding Group’s various activities can be summarized by business lines.

The product engineering research and development division contributed 79.58% of operating income. Despite the maintenance of the level of activity compared to the same period in 2019, the activity of this division fell by 1.61% compared to December 31, 2019, which is mainly due to the fall in the exchange rate (-2.37%) and the drop in income from the invoicing of mission costs abroad following the stoppage of international flights linked to the spread of the Covid-19 virus.

The telecoms and network integration division contributed 5.08% of operating income. As of December 31, 2020, the activity of this division has experienced a decline of 42.18% compared to December 31, 2019.

The PLM services division contributed 15.34% of operating income. As of December 31, 2020, the activity of this division has experienced a decline of 17.81% compared to December 31, 2019.

According to the Q4 activity indicators report, the Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) of Telnet Holding as of December 31, 2020, was  3,907,491 dinars ($1,441,770). This represents % compared to the 8,153,667 dinars ($2,910,350) reported in 2019.

It noted that the EBITDA for 2019 included income from equity investment from the transfer of activities within the partnership framework with the Altran group.

And as of December 31, 2020, the EBITDA of Telnet Holding Group amounts to 8,103,258 dinars ($2,989,910), compared to 8,196,935 dinars ($2,925,800) as of December 31, 2019.

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