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TELIA - Telia AB News Story

SEK36.55 0.7  1.9%

Last Trade - 12:30pm

Sector
Telecoms
Size
Large Cap
Market Cap £12.47bn
Enterprise Value £20.84bn
Revenue £7.53bn
Position in Universe 55th / 1836

Telia Q2 core profit just above forecast

Thu 18th July, 2019 6:11am
STOCKHOLM, July 18 (Reuters) - Nordic telecom group Telia
Company  TELIA.ST  posted second-quarter core earnings just
above expectations on Thursday and repeated its forecast for
2019.
    Profit before interest, tax, depreciation and amortisation
(EBITDA) was 7.52 billion Swedish crowns ($803.5 million)
excluding non-recurring items, up from 6.44 billion a year ago,
and compared to a forecast of 7.48 billion in a Refinitiv poll.
 urn:newsml:reuters.com:*:nL8N24I2SJ
    Excluding the positive impact from IFRS 16, adjusted EBITDA,
on a like-for-like basis regarding exchange rates, acquisitions
and disposals, fell 2 percent from a year ago.

($1 = 9.3592 Swedish crowns)

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