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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

UPDATE 1-Finland's Elisa Q4 profit tops forecast, sees slight revenue growth in 2021

Thu 28th January, 2021 7:37am
* Q4 EBITDA 171 million euros, up 1.9% 
    * Sees 2021 EBITDA in line or higher than 2020

 (Adds detail, background)
    STOCKHOLM, Jan 28 (Reuters) - Finnish telecom operator Elisa
 ELISA.HE  posted fourth-quarter profit just above forecasts on
Thursday, and said it expected core earnings at the same level
or slightly higher in 2021 versus last year.
    Elisa, which competes with Sweden's Telia  TELIA.ST  and
Norwegian Telenor's  TEL.OL  DNA for market share in Finland,
said revenues rose 2.2% in the quarter to 498 million euros
($602 million), helped by growth in telecom and digital
services, and equipment sales.
    Its mobile services business, where income fell slightly in
the third quarter as the coronavirus crisis hit roaming,
reported 0.7% revenue growth.
    The company expects income to be slightly higher this year
than in 2020, with increasing revenues in mobile data and
digital services.
    "Full-year comparable EBITDA is anticipated to be at the
same level or slightly higher than in 2020," the firm said in a
statement.
    EBITDA in 2020 was 685 million euros.
    Elisa's October-December earnings before taxes, depreciation
and amortisation (EBITDA) rose 1.9% to 171 million euros ($207
million) versus analysts' average forecast of 169 million euros,
according to Refinitiv data.  urn:newsml:reuters.com:*:nL8N2K10UR
    Elisa said it would propose a dividend of 1.95 euros for
2020, just above analysts' mean forecast of 1.92 euros.
    
    
($1 = 0.8267 euros)



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