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TELIA - Telia AB News Story

SEK36.29 0.1  0.4%

Last Trade - 07/05/21

Sector
Telecoms
Size
Large Cap
Market Cap £12.79bn
Enterprise Value £21.27bn
Revenue £7.63bn
Position in Universe 55th / 1838

Telia Q1 core profit rises, stands by 2019 outlook

Thu 25th April, 2019 6:36am
STOCKHOLM, April 25 (Reuters) - Nordic telecom group Telia
Company's  TELIA.ST  posted a rise in first-quarter core
earnings on Thursday, heavily affected by a positive impact from
the implementation IFRS 16 accounting standards, and repeated
its forecast for 2019.
    Profit before interest, tax, depreciation and amortisation
(EBITDA) was 7.47 billion Swedish crowns ($792.2
million)excluding non-recurring items, up from 6.50 billion a
year ago. 
    Excluding the positive impact from IFRS 16, adjusted EBITDA,
on a like-for-like basis regarding exchange rates, acquisitions
and disposals, fell 4 percent from a year ago.
    Telia warned investors last month that its core profit would
fall more in the first quarter than in the last quarter of 2018
due to a slowdown in its main Nordic markets.  urn:newsml:reuters.com:*:nL8N21D1NT

($1 = 9.4299 Swedish crowns)

 (Reporting by Helena Soderpalm; editing by Niklas Pollard)
 ((helena.soderpalm@thomsonreuters.com; +46 8 700 10 15; Reuters
Messaging: helena.soderpalm.reuters.com@reuters.net))
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