TeliaSonera’s Q2 net profit, EBITDA up 17%, 12%

20 Jul 2010

Swedish telecoms group TeliaSonera’s net income attributable to controlling shareholders increased by 17% year-on-year in the second quarter of 2010 to SEK5.24 billion (USD712 million), despite revenues which decreased 1.7% to SEK26.964 billion, although the company reported that turnover ‘in local currencies and excluding acquisitions’ was up by 3.3%. The profit rise was mainly attributed to lower restructuring and financing costs. Operating income in the three months to the end of June was SEK7.92 billion, up 6% y-o-y, whilst excluding non-recurring items the figure decreased from SEK8.18 billion in 2Q09 to SEK7.94 billion a year later as higher EBITDA was more than offset by lower contribution from associated companies. Quarterly EBITDA saw a reported 12% y-o-y rise to SEK9.20 billion whilst EBITDA excluding non-recurring items increased by 1.9% to SEK9.21 billion. During the three-month period the group’s total number of mobile, broadband, fixed line and pay-TV subscriptions grew by 2.5 million, of which 1.8 million were accounted for by consolidated operations and 700,000 were at associated companies, to reach a total of 152.4 million at end-June 2010.

For the first six months of the year TeliaSonera’s net profit increased by 11.8% y-o-y to SEK9.96 billion on net sales which fell 2.8% to SEK53.05 billion, although in local currencies and excluding acquisitions 1H net turnover increased 2.9%. Group outlook for 2010 has been revised. Growth in annual net sales in local currencies and excluding acquisitions is expected to be in line with the first half. The CAPEX-to-sales ratio is expected to be approximately 14-15% in the full year.

Sweden,Telia Company,

Subscribe



Feedback

Have feedback, corrections, or story ideas? Send them to editors@commsupdate.com.

Browse Past Issues

Filter

Filter CommsUpdate by the following categories or use the search.

Search

Visit our help page information on performing advanced searches, including how to restrict the results by country or company.

Advertise

CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.

Share