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TELIA - Telia AB News Story

SEK38.37 -0.1  -0.3%

Last Trade - 09/04/21

Sector
Telecoms
Size
Large Cap
Market Cap £13.41bn
Enterprise Value £21.73bn
Revenue £7.62bn
Position in Universe 53rd / 1831

Telia's Q4 operational cash flow pips forecasts, core profit in line

Wed 20th January, 2021 6:30am
STOCKHOLM, Jan 20 (Reuters) - Nordic telecom operator Telia
Co AB  TELIA.ST  said on Wednesday it had notched
better-than-anticipated operational cash flow in the fourth
quarter, while core profit was roughly in line with its outlook.
    Telia said it plans to propose a dividend of 2 crowns per
share for 2020, though its October-December results would be hit
by an impairment charge related to Finland worth 7.8 billion
crowns ($936 million).  
    "The operational free cash flow reached SEK 12.1 billion for
the year, above the outlook of 'reaching the upper end of SEK
9.5-10.5 billion'," Telia said in a statement. 
    The Nordic company, which is due to report its full-year
results on Jan. 29, said it had generated an adjusted
fourth-quarter EBITDA (earnings before interest taxes
depreciation and amortization) broadly in line with its stated
outlook. 
    
    ($1 = 8.3321 Swedish crowns)

 (Reporting by Johannes Hellstrom, Editing by Sherry
Jacob-Phillips)
 ((johannes.hellstrom@thomsonreuters.com; +46850242388; Reuters
Messaging: johannes.hellstrom.reuters.com@reuters.net))
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