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General

TeliaSonera posts small rise in EBITDA, maintains outlook

Thursday 17 October 2013 | 09:16 CET | News
TeliaSonera reported a small increase in third-quarter profits thanks to cost reductions and maintained its outlook for growth over the full year. While revenues were down 1.8 percent to SEK 25.38 billion in Q3, EBITDA increased 1.5 percent to SEK 9.42 billion. Excluding currency effects, acquisitions and disposals, sales were stable year-on-year and EBITDA rose 3.8 percent, as a 5.4 percent reduction in costs offset the weak economic climate and cuts to mobile termination rates. The adjusted EBITDA margin increased to 37.1 percent from 35.9 a year ago. Net profit rose 15.1 percent to SEK

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Categories: General
Companies: MegaFon / Telia
Countries: Europe / Scandinavia
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