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Telia Q2 Profit Dips; Backs Outlook

TeliaSonera (TLSNY.PK), Swedish telecom firm, on Wednesday posted a significant decline in its earnings for the second quarter. However, the company reported a rise in revenues for the period. In addition, Telia has reiterated its guidance for the fiscal 2022.

For the quarter ended in June, the firm reported a net total income of SEK 1.68 billion, compared with SEK 8.07 billion posted last year.

Adjusted EBITDA was at SEK 7.68 billion, higher than SEK 7.65 billion, year-over-year basis.

Telia's net sales rose to SEK 22.29 billion, compared with SEK 21.87 billion with a like for like net sales increase of 2.2 percent.

For the six-month period to June, adjusted EBITDA moved up to SEK 14.88 billion, from SEK 14.83 billion of 2021.

For the first half, net sales were at SEK 44.11 billion as against SEK 43.69 billion with a like for like net sales increase of 2.1 percent.

Looking ahead, for the fiscal 2022, the company reiterated the guidance saying, "Service revenues and adjusted EBITDA, like for like, are estimated to grow by low single digit. Cash CAPEX, excluding fees for licenses and spectrum, is estimated to be in the range of SEK 14.0 billion - SEK 15.0 billion."

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