Telia AB logo

TELIA - Telia AB News Story

SEK36.89 -0.1  -0.2%

Last Trade - 11:25am

Sector
Telecoms
Size
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
consensus  urn:newsml:reuters.com:*:nL8N2MG0TO
    ** Credit Suisse says, though, it was a "low-quality" beat
as key markets (Sweden, Finland and Norway) all performed below
expectations 
    ** 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)

 ((marta.frackowiak@thomsonreuters.com))
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.