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TELIA - Telia AB News Story

SEK36.89 -0.1  -0.2%

Last Trade - 11:25am

Large Cap
Market Cap £12.72bn
Enterprise Value £21.02bn
Revenue £7.46bn
Position in Universe 57th / 1845

BUZZ-Telia: 'Low-quality' beat, service revenue weakness drag shares

Fri 23rd April, 2021 8:38am
** Shares in Telia  TELIA.ST  slip 2% after the Nordic
telecom operator's Q1 results, with analysts pointing to a low
quality beat and service revenue weakness
    ** Telia's adjusted EBITDA was 7.25 bln crowns, 0.5% above
    ** Credit Suisse says, though, it was a "low-quality" beat
as key markets (Sweden, Finland and Norway) all performed below
    ** JP Morgan also notes service revenue weakness, which was
1.1% below consensus
    ** "Overall, in line results but with some worrying trends
embedded," Citi says, pointing to still significant high-margin
legacy headwind 
    ** The stock is among bottom performers on Stockholm blue
chip index  .OMXS30 

($1 = 8.4257 Swedish crowns)

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