Tele2 grows mobile service revenue 10% in Q1

Monday 24 April 2017 | 08:33 CET | News
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Tele2 reported a strong increase in first-quarter results, driven by its growth markets the Netherlands and Kazakhstan as well as solid growth in Sweden and the Baltics. Net sales rose 22 percent to SEK 7.875 billion, and EBITDA increased 41 percent to SEK 1.723 billion, giving an EBITDA margin of 22 percent. On a pro forma basis for the acquisitions of TDC Sweden and Altel in Kazakhstan, sales rose 3 percent, mobile service revenues were up 10 percent, and EBITDA increased 28 percent. Tele2's net profit rose 18 percent to SEK 401 million, and operating cash flow more than doubled

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Categories: General
Companies: Tele2
Countries: Europe
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