Tiscali 2003 Annual Report Download - page 87

Download and view the complete annual report

Please find page 87 of the 2003 Tiscali annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 147

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147

8989
Broadband growth gathered place again in January 2004: with the average number of new customers signing up each week at
77% ahead of 4Q03, Tiscali has now exceeded its target of one million ADSL users.
Broadband revenues totalled EUR 143.3 million in 2003, showing significant growth, particularly in the second half of the year.
This strong growth was driven by an increase in active user numbers and a change in the customer mix, as over 50% of users are
now billed directly and more are opting for monthly or pre-paid services not subject to seasonal factors.
Revenues from business services grew steadily throughout 2003, thanks to both organic growth brought about by a sharper com-
mercial focus, and external growth following the acquisition of Nextra in Italy, Cable & Wireless in France and Eunet in Austria.
Revenues came in at EUR 161.2 million, up 51% on the EUR 106.6 million recorded in 2002.
Portal revenues were EUR 47.2 million, or 5% of revenues. This growth was chiefly due to the seasonal peak typical of the fourth
quarter and an upturn in online advertising sales.
Voice revenues rose by 36% versus 2002 to EUR 70.4 million (8% of total revenues). The substantial advance in voice revenues
in the second half was due to both organic and external growth, following the inclusion of npower in the basis of consolidation
from September 2003.
A breakdown of revenues by country is shown below.
Non-EU revenues totalled EUR 56.2 million, and were generated in the Czech Republic (EUR 16.5 million) and South Africa (EUR
39.7 million).
The breakdown of revenues by country above shows that 80% of revenues are generated in Europe’s five main markets.
Revenues include EUR 19 million from Tiscali International Network, which sells bandwidth and services to other operators and
large multinationals and contributes an increasing proportion of total Group revenues. It is active throughout Europe, with offices
in France, Spain, Italy and the Netherlands.
B) Production costs
Purchases of raw materials, supplies, consumables and other goods.
Purchases of raw materials, supplies, consumables and other goods include the cost of consumables and equipment for pre-
paid telephone cards, goods intended for resale and modems.
COMPANY TOTAL
Czech Republic 16,532
Denmark 27,446
Finland 842
Norway 11,174
Sweden 13,875
Spain 16,824
Italy 173,711
Austria 21,362
Switzerland 19,012
Germany 93,024
France 189,436
UK 169,618
Netherlands 64,984
Belgium 23,879
South Africa 39,666
Luxembourg 514
Tiscali International Network 19,124
Total 901,022