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General

TeliaSonera lowers revenue outlook on tough Spanish market

Thursday 17 July 2014 | 09:29 CET | News
TeliaSonera has cut its full-year revenue outlook, due mainly to lower handset sales at its Spanish unit Yoigo. While it previously expected flat organic sales this year, it now sees a small drop compared to 2013. Organic sales fell 1.2 percent in the second quarter and were down 1.5 percent in the first half of the year. TeliaSonera still expects to maintain a stable EBITDA margin of 35 percent and spend around 15 percent of revenues on capital expenditure. In the second quarter, both reported and organic revenues (excluding currency effects, disposals and acquisitions) fell 1.2 percent to

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Categories: General
Companies: Telia / Yoigo
Countries: Scandinavia
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