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General

Telia organic sales growth improves to 3% in Q1

Wednesday 26 April 2017 | 08:39 CET | News
Telia reported improving sales trends in the first quarter, with organic sales in local currency up 3.0 percent, compared to only 0.2 percent annual growth in Q4. Reported revenues were still down 5.6 percent to SEK 19.252 billion, and adjusted EBITDA dropped 1.1 percent to SEK 6.149 billion. This led to an improvement in the EBITDA margin to 31.9 percent from 30.5 a year ago. Net profit jumped to SEK 6.984 billion from SEK 3.766 billion a year earlier, helped by a reduction in the provision for the expected settlement with US and Dutch authorities over the Uzbekistan activities.

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Categories: General
Countries: Scandinavia
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