Sweden's Telia targets free cash flow of close to $1 bln in 2027 (updated)

Telia AB

26/09/2024 07:47

(Adds background in paragraph 2, CEO comment in 3, outlook in
4)
       Sept 26 (Reuters) - Sweden's Telia  TELIA.ST  aims to
deliver free cash flow of around 8 billion Swedish crowns in
2025, increasing to at least 10 billion crowns ($984 million) in
2027, the telecoms company said in updated financial targets on
Thursday.
    Free cash flow follows Telia's existing, all-in cash flow
definition, but has not been a guidance metric before, the
company said in a statement.
    "Execution of the new strategic priorities has already
started with the launch of our change program announced on
September 4, which is a big step towards decentralizing the
complex structure that we have today," Chief Executive Officer
Patrik Hofbauer said.
    The company kept its financial outlook for 2024 unchanged.
    ($1 = 10.1622 Swedish crowns)

 (Reporting by Elviira Luoma; Editing by Terje Solsvik and Mark
Potter)
 ((Elviira.luoma@thomsonreuters.com))