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General

Telia posts Q2 loss on Turkcell sale, underlying sales fall 6% on Covid impact

Friday 17 July 2020 | 09:28 CET | News
Telia Company reported a net loss of SEK 2.03 billion for the second quarter, compared to a profit of SEK 1.65 billion a year earlier, due to a loss on the sale of its stake in Turkcell. Revenues fell 5.9 percent on an underlying basis, as the Covid-19 pandemic impacted roaming, TV and advertising sales, while EBITDA was stable thanks to cost control efforts. Telia maintained its outlook for free cash flow and said it expects EBITDA in the second half of the year to be similar to the first six months. 

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Categories: General
Companies: Bonnier / Telia / Turkcell
Countries: Scandinavia
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