Tele2 falls on Q2 EBITDaAL, EFCF below expectations
BUZZ-Tele2 falls on Q2 EBITDaAL, EFCF below expectations ** Shares in Tele2 TEL2b.ST fall around 3% after the Swedish telecommunications provider reported its Q2 results slightly below expectations, as per J.P.Morgan
** Company's EBITDAaL came at SEK 3.0 billion ($312.85 million) which was 0.6% below consensus, driven mainly by Sweden, where EBITDAaL was 0.7% below forecasts, says the brokerage
** JPM also points to equity free cash flow (EFCF), which came in 5% below consensus, largely due to the timing of withholding tax payments rather than operational issues
** Share on track for its worst day since January if losses hold
($1 = 9.5893 Swedish crowns)
(Reporting by Agnieszka Gosciak-Rabalska)
((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))
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