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
Internet access is growing worldwide, but there is still a long way to go before the entire world is completely wired, a study from the Pew Research Center has found. The study also noted that men have greater access to the Internet than women in many nations. Backtracking on its early announcements on digital privacy, WhatsApp is planning to share member information, phone numbers and analytical data with Facebook, to make revenue from the platform. Discount retailers Dollar Tree Inc. and Dollar General Corp. both reported results for the second quarter that missed analysts' expectations. Looking ahead, Dollar Tree also forecast revenue for the third quarter below analysts' estimates and lowered its full-year revenue outlook. Shares of both companies are falling in pre-market activity.
comments powered by Disqus
Follow RTT