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TELIA - Telia AB News Story

SEK36.9 -0.1  -0.2%

Last Trade - 11:44am

Sector
Telecoms
Size
Large Cap
Market Cap £12.72bn
Enterprise Value £21.02bn
Revenue £7.46bn
Position in Universe th /

BRIEF-Telia Q1 Adj. EBITDA Down At SEK 7,245 Mln

Fri 23rd April, 2021 6:07am
April 23 (Reuters) - Telia Company AB  TELIA.ST :
    * TELIA COMPANY INTERIM REPORT JANUARY-MARCH 2021
    * OUTLOOK FOR 2021 REMAINS UNCHANGED
    * Q1 NET SALES DECLINED 2.7% TO SEK 21,814 MILLION (22,427)
AND
LIKE FOR LIKE, NET SALES REMAINED UNCHANGED.
    * Q1 ADJUSTED EBITDA DECLINED 0.4% TO SEK 7,245 MILLION
(7,277)
AND LIKE FOR LIKE, ADJUSTED EBITDA INCREASED 2.2%.
    * Q1 OPERATING INCOME DECREASED TO SEK 1,821 MILLION
(2,406).
    * REFINITIV POLL: TELIA Q1 REVENUE SEEN AT SEK 21.66
BILLION, Q1
ADJUSTED. EBITDA SEEN AT SEK 7.19 BILLION
    * SWEDEN SUFFERED FROM LOWER ROAMING AND AN ACCELERATION OF
LEGACY
DECLINES.
    * GROWTH IN CONSUMER MOBILE, BROADBAND AND TV, AND A 3%
OPERATIONAL EXPENSES REDUCTION, WERE NOT ENOUGH TO OFFSET
ROAMING AND LEGACY HEADWINDS
    * LOOKING AHEAD, WE EXPECT POSITIVE TRENDS IN SECOND PART OF
2021,
DRIVEN BY BOTH COMMERCIAL ACTIVITIES AND INCREASED EFFICIENCY
    * BALTIC MARKETS WERE ABLE TO OFFSET ALL HEADWINDS, WITH
LITHUANIA
AND ESTONIA EBITDA UP 4% AND 6% RESPECTIVELY.
    * NORWAY HAD A STRONG QUARTER WITH AN ENCOURAGINGLY STABLE
CONSUMER MOBILE SEGMENT
    * DENMARK WAS HEAVILY IMPACTED BY COVID-19 RESTRICTIONS AND
PRODUCT PORTFOLIO RATIONALIZATION
    * FINLAND HAD A PARTICULARLY TOUGH START TO YEAR WITH
SIZABLE
ROAMING IMPACTS
    * OVERALL, WE SAW AN OPERATIONAL EXPENSE REDUCTION OF 3% IN
QUARTER
    * RECEIVED ALL APPROVALS NECESSARY FOR SALE OF TELIA CARRIER
AND
WILL BE CLOSING TRANSACTION ON JUNE 1, 2021

Source text for Eikon:  ID:nWkr74fBsj 
Further company coverage:  TELIA.ST 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))
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