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TELIA - Telia AB News Story

SEK36.5 0.2  0.6%

Last Trade - 16/04/21

Sector
Telecoms
Size
Large Cap
Market Cap £12.81bn
Enterprise Value £21.16bn
Revenue £7.65bn
Position in Universe 57th / 1831

BRIEF-Telia Reports Cash Flow Above Outlook, Proposes SEK 2 Dividend

Wed 20th January, 2021 6:08am
Jan 20 (Reuters) - Telia Company AB  TELIA.ST :
    * TELIA COMPANY: CASH FLOW ABOVE OUTLOOK, FULL YEAR RESULTS IMPACTED BY IMPAIRMENTS AND BOD
INTENDS TO PROPOSE A DIVIDEND OF SEK 2 PER SHARE FOR 2020
    * OPERATIONAL CASH FLOW EXCEEDED OUTLOOK GIVEN AT Q3 INTERIM REPORT
    * OPERATIONAL FREE CASH FLOW REACHED SEK 12.1 BILLION FOR YEAR, ABOVE OUTLOOK OF "REACHING
UPPER
END OF SEK 9.5-10.5 BILLION".
    * DIRECTORS ALSO WANTS TO INFORM IT INTENDS TO PROPOSE A DIVIDEND OF SEK 2.00 PER SHARE FOR
2020
    * GENERATED AN ADJUSTED Q4 EBITDA BROADLY IN LINE WITH STATED OUTLOOK IN Q3 REPORT (AROUND
SEK
30.5 BILLION FOR FULL YEAR)
    * OPERATING INCOME FOR PERIOD OCTOBER-DECEMBER 2020 WILL BE IMPACTED BY A NON-CASH SEK 7.8
BILLION
IMPAIRMENT CHARGE RELATED TO FINLAND
    * TELIA COMPANY GENERATED AN ADJUSTED Q4 EBITDA BROADLY IN LINE WITH STATED OUTLOOK IN Q3
REPORT
(AROUND SEK 30.5 BILLION FOR FULL YEAR)
    * REASON FOR THIS OUTPERFORMANCE IS MAINLY LINKED TO WORKING CAPITAL, WITH GREATER BENEFITS
ACCRUING IN 2020 THAN ANTICIPATED
    * BOARD OF DIRECTORS HAS ALSO DECIDED TO TAKE THIS OPPORTUNITY TO CONFIRM THAT IT INTENDS TO
PROPOSE A DIVIDEND OF SEK 2.00 PER SHARE IN RESPECT OF 2020 FISCAL YEAR
    * IDENTIFIED NEED TO TAKE A NON-CASH IMPAIRMENT OF TELIA COMPANY'S FINNISH BUSINESS UNIT
AMOUNTING
TO SEK 7.8 BILLION.
    * NEED TO TAKE A NON-CASH IMPAIRMENT OF TELIA COMPANY'S FINNISH BUSINESS UNIT AMOUNTING TO
SEK 7.8
BILLION
    * THIS WILL NEGATIVELY IMPACT OPERATING INCOME FOR FULL YEAR REPORT JANUARY-DECEMBER 2020
    * COVID-19, A SLIGHTLY WEAKER UNDERLYING PERFORMANCE AS WELL AS INCREASED NETWORK
INVESTMENTS
VERSUS ORIGINAL BUSINESS PLAN HAVE RESULTED IN NEED FOR A NON-CASH IMPAIRMENT

Source text for Eikon:  ID:nWkr2vXWX 
Further company coverage:  TELIA.ST 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))
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