TeliaSonera’s operating income before nonrecurring items dropped 12.6 percent compared with the same period last year to 5.5 billion, a loss of 700 million.
The result was 200 million during expectations, according to the analysis service Inquiry Financial.
“As expected, the year started a little weak but we expect a gradual improvement in earnings and maintain our outlook for 2015,” writes the company’s President and CEO Johan He Lind in a press release.
in reported currency , EBITDA, excluding non-recurring items 2.3 percent to 8.5 billion.
“The economic outlook and the competitive situation remained difficult in parts of Eurasia and we have put great efforts on repositioning and launch of new offerings to strengthen our position with our customers, “wrote the latter Lind.
In particular, is it hard for the company in Kazakhstan, where the company according Dennerlind must increase their competitiveness .
The EBITDA margin before non-recurring items, decreased to 32.8 percent, slightly more than 2 percentage points lower than the first quarter of 2014.
However, the company emphasizes outlook for the year are unchanged.
– TeliaSonera will roughly to where expectations are but by higher revenues and EBITDA margins. Campaign Operations in Sweden has cost some during the quarter. Difficult though it is the consumer or business segment, or both, says Lars South Mountain, an analyst at the Bank of Åland, to SvD Business.
Revenue in reported currency increased 8.8 percent to just over 26 billion, 700 million higher than analysts had expected.
“The first quarter was eventful and I am particularly pleased that we managed to reach important milestones through the completion of the acquisition of Tele2 Norway and agreement on distribution of Turkcell, “writes latter Lind.
TeliaSonera’s results per share declined slightly compared with the first quarter of 2014 to 0.86 kronor.
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