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TELIA - Telia AB News Story

SEK35.7 0.4  1.2%

Last Trade - 05/05/21

Sector
Telecoms
Size
Large Cap
Market Cap £12.25bn
Enterprise Value £20.61bn
Revenue £7.52bn
Position in Universe 57th / 1836

Telia Q1 core profit just lags forecast

Wed 22nd April, 2020 6:19am
STOCKHOLM, April 22 (Reuters) - Swedish telecom operator
Telia Company  TELIA.ST  reported quarterly core earnings below
market forecasts on Wednesday as weakness in its TV & Media unit
hit results, but said it had seen limited impact on its other
businesses so far from the COVID-19 crisis.    
    Telia said first-quarter adjusted EBITDA (earnings before
interest, tax, depreciation and amortisation) was 7.28 billion
Swedish crowns ($720 million), down from 7.41 billion crowns a
year earlier and just below the 7.51 billion mean analyst
forecast in a Refinitiv poll. 
    The company had said in March it no longer expected to reach
its 2020 core earnings and cashflow forecast due to effects of
the COVID-19 pandemic hitting the group's TV & Media unit.
 urn:newsml:reuters.com:*:nL8N2BJ5EZ
($1 = 10.1077 Swedish crowns)

 (Reporting by Johannes Hellstrom)
 ((johannes.hellstrom@thomsonreuters.com; +46850242388; Reuters
Messaging: johannes.hellstrom.reuters.com@reuters.net))
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