Swedish telecoms heavyweight TeliaSonera has reported that net income attributable to owners of the parent company decreased by 26% year-on-year to SEK3.86 billion (USD591 million) in the second quarter of 2011, on net sales that fell by 4.3% to SEK25.89 billion in reported currency. However, the mobile, broadband, TV and wireline group also reported organic revenue growth of around 3% (in local currencies), in line with its forecast for the full year, which remained unchanged. In reported currency, EBITDA, excluding non-recurring items, fell 0.9% year-on-year to SEK9.11 billion in April-June 2011, and the EBITDA margin increased to 35.2% from 44.0% a year earlier. In TeliaSonera’s European Mobility Services division, net turnover in local currencies and excluding acquisitions increased by 5.7%, and in reported currency, net sales increased 0.9% to SEK12.75 billion. In the European Broadband Services unit, net sales in local currencies and excluding acquisitions decreased 6.7% and in reported currency, the revenue figure fell by 9.4% to SEK9.16 billion. In the group’s Eurasia mobile division, net organic local currency revenues increased by 18.4% but in reported currency, net sales decreased 1.1% to SEK4.15 billion.
During the three months to 30 June 2011 the Stockholm-based group’s number of telecoms and pay-TV subscriptions grew by 1.7 million in its consolidated operations while subscriptions in associated companies decreased by 300,000, giving total subscriptions of 159.4 million at the end of the second quarter.