Thursday, October 20, 2016

Loss for the Tele2 analysts believed in profit – Svenska Dagbladet

Allison Kirkby, managing director of Tele2. Photo: Magnus Hjalmarson Neideman

Tele 2 reports a loss before tax of 1 901 million for the third quarter of 2016. That compares with a profit of 646 million in the corresponding period in 2015.

Analysts had on average expected a profit of 337 million kronor, according to Reuters compilation.

net income weighed down by a goodwill impairment of eur 2.5 billion in the Netherlands.

Operating profit before depreciation and write – downs (ebitda) amounted to sek 1 562 million, compared to sek 1 599 million in the third quarter. Here, the low expectations of the average of 1 337 million.

“the Profitability for the quarter has been positively affected by strong growth from our mobile tjänsteintäkter from the end user as a result of our focus on the capitalization of the data, seasonality, and to a certain degree of low marketing costs which will rise later in the year,” writes ceo Allison Kirkby in a comment.

the Turnover of the company, which is included in the stenbeck sphere, was 6 961 million, compared with 6 791 million a year earlier.

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