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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

BUZZ-Telia: Cash flow beat, dividend proposal fuel shares

Wed 20th January, 2021 8:38am
** Shares in Telia  TELIA.ST  rise 4% after the Swedish
telecom operator posts better-than-expected operational cash
flow citing improvement in its working capital  urn:newsml:reuters.com:*:nL1N2JV0DP
    ** Ahead of the full-year report, Telia says its 2020
operational cash flow reached 12.1 billion Swedish crowns ($1.45
billion) in 2020 against the 9.5 billion-10.5 billion crowns
range seen in its guidance
    ** The company also proposed a dividend of 2 crowns per
share, in line with consensus estimates
    ** "The market is likely to react positively given the
confirmation of min. dividend floor", Citi said in a note before
the market open
    ** Telia is the top riser among Swedish blue chips  .OMXS30 


($1 = 8.3427 Swedish crowns)

 ((boleslaw.lasocki@tr.com))
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