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General

Telia Sweden Q3 EBITDA drops 5.5% after summer storms, service revenues fall 1.2%

Friday 19 October 2018 | 10:16 CET | News
Telia Company said that it is "not happy" with the pace of turnaround in Sweden, where net sales fell by 0.5 percent in the third quarter to SEK 8.92 billion from SEK 8.96 billion a year earlier. EBITDA shrank by 5.5 percent amid tough comparisons and after costs related to storm damage and negative currency effects. The Swedish arm has cut expenditure in the year to date under the cost programme and will be the first place where the group launches its new operating model next year, moving the Swedish IT and products platform with around 500 staff to a new Common Products and Services unit.

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Categories: General
Companies: Telia
Countries: Sweden
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