logo
Share SHARE
FONT-SIZE Plus   Neg

TeliaSonera Q1 Profit Declines; Backs FY12 Sales Growth Forecast - Quick Facts

Swedish telecommunications firm TeliaSonera AB (TLSNY.PK) on Thursday reported that its first-quarter net profit declined from last year, despite higher net sales.

For its first quarter, net income attributable to owners of the parent company decreased 15.9 percent to 3.91 billion Swedish kroner from last year's 4.65 billion kroner, and earnings per share fell 13% to 0.90 kroner from 1.04 kroner a year ago.

Net sales grew 3.5 percent to 25.69 billion kroner, while the growth was 2.9% in local currencies and excluding acquisitions.

President and CEO Lars Nyberg said, "The organic growth rate improved in the first quarter compared with previous quarters. Eurasia continued to deliver double-digit growth, while revenues in Broadband Services were almost at the same level as last year. In Mobility Services, the growth was mainly driven by equipment sales."

EBITDA, excluding non-recurring items, edged down 0.7% and the margin decreased to 34.3 percent from 35.8 percent last year.

Looking ahead, the company reiterated the outlook for 2012. The growth in net sales in local currencies and excluding acquisitions is expected to be within the range of 1-2 percent.

The company also projects adjusted EBITDA margin at the same level as last year.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Seattle police caught an alleged car thief by remotely locking him inside the stolen BMW 550i with the help of the automaker. The Seattle Police Department said in its blog that the incident took place in Seattle in November. United Airlines' new ticket option called 'Basic Economy,' which would require travelers to pay extra fees for using overhead bins, has been termed by New York Senator Charles Schumer as "one of the most restrictive policies on airline passengers seen in a long time." Schumer said that United Airlines should scrap its plan. United Airlines' new ticket option called 'Basic Economy,' which would require travelers to pay extra fees for using overhead bins, has been termed by New York Senator Charles Schumer as "one of the most restrictive policies on airline passengers seen in a long time." Schumer said that United Airlines should scrap its plan.
comments powered by Disqus
Follow RTT