Friday, January 29, 2016

TeliaSonera lives up to expectations – Dagens Industri

Updated 2016-01-29 07:25. Published 2016-01-29 07:02

Overall it better than expected when Scandal-ridden TeliaSonera presents the figures for the last quarter. Sales landed at 22.655 billion crowns (21,399), slightly above expectations. The operating profit of 2.848 billion (4395) was also better than expected.

The dividend per share is waited 3 crowns. At the same time deliver Telia a new dividend policy where at least 80 percent of the company’s free cash flow to be distributed. Therefore expects Telia also to distribute at least SEK 2 per share in 2016.

Before the report was expected TeliaSonera to deliver a new dividend policy and the company announced that the dividend for 2016 is expected to be at least 2 per share.

Region Eurasia reported as discontinued operations. To date, Telia has just sold the business in Nepal. The large writedowns operations led along the impairment of the Danish operations after the deal with Telenor in Denmark weigh on earnings. Net income attributable to owners of the parent lands at minus 3.01 billion crowns (2938).

It’s been better in the Nordic operations. In the Swedish market grew service revenues by 2.5 percent organically, which improved profitability. Operating profit rose to 2.449 billion crowns (2147) and the EBITDA margin rose to 38.5 percent, over both the expectations and the result for the same period last year.

Europe fell instead service revenues while a higher demand for data received billed mobile revenues to rise 2 percent organically. This applies not least in the Finnish market, where profitability improved. Total turnover on the European market excluding Sweden landed at 11.418 billion crowns (11,227), while the EBITDA margin fell to 23.3 percent from 23.9 percent in the corresponding period last year.

Capex landed on 5.2 billion in the fourth quarter, well above expectations of just over 3.9 billion. In 2016, tracks the company that capex lands between 14 and 15 billion.

“We expect great activity in 2016, largely because of a fiber rollout in Sweden,” writes Johan Dennelid, president and CEO, in the financial statements.

The coming year is described as the culmination of the investments sometimes other fiber.


No comments:

Post a Comment