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TELIA - Telia AB News Story

SEK36.5 0.2  0.6%

Last Trade - 16/04/21

Sector
Telecoms
Size
Large Cap
Market Cap £12.81bn
Enterprise Value £21.16bn
Revenue £7.65bn
Position in Universe 57th / 1831

Telia Q4 core profit just above forecast

Fri 29th January, 2021 6:08am
STOCKHOLM, Jan 29 (Reuters) - Nordic telecom operator Telia
Company  TELIA.ST  on Friday reported quarterly core earnings
just above its previous guidance, and said it expected earnings
to be flat or grow by low single digit in 2021.
    Fourth-quarter adjusted EBITDA (earnings before interest,
tax, depreciation and amortisation) was 7.48 billion Swedish
crowns ($894.18 million) compared with 7.91 billion a year
earlier.
    Telia said last week that adjusted EBITDA would be broadly
in line with its outlook of around 30.5 billion crowns for 2020,
implying around 7.28 billion for the quarter.
    It also said results would be hit by a 7.8 billion crown
impairment charge related to business in Finland.  urn:newsml:reuters.com:*:nL1N2JV0E6
    
($1 = 8.3652 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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