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General

TeliaSonera Q4 net profit up 35%, organic sales rise 1.8%

Thursday 31 January 2013 | 09:17 CET | News
TeliaSonera reported a strong improvement in net profit and cash flow for the fourth quarter, while underlying sales growth was better than its earlier guidance. Net profit jumped 34.9 percent to SEK 6.88 billion, helped by a profit from selling shares in the Megafon IPO, and free cash flow surged to SEK 2.93 billion from SEK 552 million a year earlier, thanks to lower capex and changes in working capital. Adjusted EBITDA was still down 3.2 percent to SEK 8.97 billion, and revenues fell 0.7 percent to SEK 27.07 billion. Excluding currency effects and acquisitions, quarterly sales were up 1.8

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