Telia core profit rises less than expected in fourth quarter (updated)
30/01/2025 06:18
(Adds operating profit, dividend figures in paragraphs 2-3)
Jan 30 (Reuters) - Swedish telecom operator Telia
TELIA.ST reported a smaller-than-expected rise in
fourth-quarter adjusted core earnings on Thursday, but confirmed
its outlook for 2025.
Adjusted operating profit before depreciation and
amortisation rose to 7.87 billion crowns ($715.74 million) from
7.49 billion crowns a year earlier. Analysts on average had
forecast a profit of 7.92 billion crowns, according to a poll
provided by Telia.
The company proposed a dividend of 2 crowns per share on its
2024 results.
In October, it had said it expected low- to mid-single digit
percentage growth in its dividends, from a floor of 2 crowns per
share it paid on its 2023 results.
($1 = 10.9956 Swedish crowns)
(Reporting by Alessandro Parodi in Gdansk, editing by
Subhranshu Sahu and Terje Solsvik)
((alessandro.parodi@thomsonreuters.com))