Telia AB logo

TELIA - Telia AB News Story

SEK36.29 0.1  0.4%

Last Trade - 07/05/21

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.*:nL8N21D1NT

($1 = 9.4299 Swedish crowns)

 (Reporting by Helena Soderpalm; editing by Niklas Pollard)
 ((; +46 8 700 10 15; Reuters
© 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.