Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

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.

Register
To receive FREE breaking news email alerts for TeliaSonera and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Stocks moved notably higher over the course of the trading day on Friday after initially showing a lack of direction. The gains on the day extended the recent upward trend by the markets, with the tech-heavy Nasdaq reaching its best closing level in almost a month. Looking to capitalize on news of an Ebola diagnosis in New York City, Republican Senate candidate Scott Brown issued a statement Friday criticizing his Democratic opponent Sen. Jeanne Shaheen, D-N.H., for "waffling" on a travel ban. In another troubling sign for Democrats, the results of a Gallup poll released on Friday show that Tea Party Republicans are much more motivated to vote in the upcoming midterm elections than other Americans. The poll found that 73 percent of Tea Party Republicans are "extremely" or "very" motivated to vote in this year's elections.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.