TeliaSonera Interim Report January – March 2015 Progress

New Post Public Reply Private Reply Replies (0) Message Board

News Desk 2018

Apr 21, 2015 at 1:15 AM

TeliaSonera Interim Report January – March 2015

Progress and challenges FIRST QUARTER SUMMARY · Net sales in local currencies, excluding acquisitions and disposals, increased 1.5 percent. In reported currency, net sales increased 8.8 percent to SEK 26,041 million (23,926). Service revenues in local currencies, excluding acquisitions and disposals, decreased 1.1 percent. · EBITDA, excluding non-recurring items decreased 4.3 percent in local currencies, excluding acquisitions and disposals. In reported currency, EBITDA, excluding non-recurring items, increased 2.3 percent to SEK 8,540 million (8,345). The EBITDA margin, excluding non-recurring items, decreased to 32.8 percent (34.9). · Operating income, excluding non-recurring items, decreased 12.6 percent to SEK 5,496 million (6,286). · Net income attributable to owners of the parent company decreased 5.9 percent to SEK 3,714 million (3,945) and earnings per share to SEK 0.86 (0.91). · Free cash flow increased to SEK 2,853 million (2,556) despite higher cash CAPEX, supported by lower taxes and working capital changes. · Group outlook for 2015 is unchanged. Comments by Johan Dennelind, President and CEO ”The first quarter was eventful and I am particularly satisfied that we reached two milestones by closing the Tele2 Norway acquisition and in achieving an agreement on dividend distribution in Turkcell. Our strategic agenda remains firm and we have started to execute on our investment plans to improve the internet experience for our customers and structurally reduce the cost base. We are taking further steps into areas close to the core and recently launched new cloud based services for small and mid -sized enterprises. In Sweden, mobile service revenue growth remained healthy at 2 percent, fuelled by solid demand for data in the consumer segment. Competitor activity intensified at the beginning of the year when more generous data bundles were introduced in the market. We continue to expand our 4G and fiber networks and will further utilize this strength in our customer offerings going forward. Demand for our fiber services remains strong and we are on track to reach our target for 2015 to increase the number of new connections to single-homes by 25 percent. Profitability slowed in the quarter, mainly due to market investments and changed product mix, but we expect performance to improve during the course of the year. Our Finnish business holds up well in the market, but costs increased related to our focus on enhancing customer experience. In February, we finalized the acquisition of Tele2 Norway and the business combination will both strengthen our position in the market and enhance our proposition to the Norwegian customers. The nearly one million acquired subscriptions have now been migrated to our network and we remain confident reaching our synergy target in 2016. In Denmark, the regulatory approval process of our joint venture with Telenor continues as expected and we anticipate closing in the second half of 2015. The macroeconomic and competitive picture in parts of Eurasia remained demanding and we have put a lot of effort into re-positioning our offerings in order to make us more attractive for the customers. Our operation in Nepal showed once again strong performance, while we need to further strengthen our competitiveness in Kazakhstan. Overall, organic service revenue growth turned slightly positive and profitability remained high, but the challenging environment is expected to remain near term. After nearly five years with a deadlock between the main owners of Turkcell, we reached an agreement in March on a dividend distribution proposal for the years 2010-2014. This was recently approved by Turkcell’s General Assembly Meeting and TeliaSonera’s share amounts to approximately SEK 4.5 billion after tax. The resolution was an important step in achieving ordinary corporate governance of Turkcell and we will continue the dialogue with all relevant stakeholders. As expected, the start of the year has been somewhat slow, but we foresee a gradual improvement in the earnings trend and reiterate our full year outlook. We anticipate EBITDA, on a local organic basis, to remain around last year’s level and foresee CAPEX at around SEK 17 billion, excluding license and spectrum fees.” Stockholm, April 21, 2015 Johan Dennelind President and CEO Questions regarding the reports TeliaSonera AB www.teliasonera.com/investors Tel. +46 8 504 550 00 TeliaSonera AB discloses the information provided herein pursuant to the Swedish Securities Markets Act and/or the Swedish Financial Instruments Trading Act. The information was submitted for publication at 07:00 CET on April 21, 2015.

Newer

Older

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Innovent's Seven Drugs Leap onto 2026 Reimbursement Chart

A Bold Move in Biopharmaceuticals Innovent Biologics just pulled a rabbit out of their hat. Seven of their cutting-edge meds made it onto China's National Reimbursement Drug List for 2026. This isn't just a spreadsheet entry—it's a lifeline thrown to patients across the oncology, metabolic, and autoimmune landscapes, as well as a financial booster for Innovent (HKEX:...

PASCAL's Holiday Gift Edit: Timeless Watches Shine

Fresh Sparkle for the Holidays Well, here we are again, staring down the barrel of another holiday season. And what do you know, PASCAL is out with its 2026 Holiday Gift Edit, like clockwork. This is the kind of stuff they’re good at—capturing a moment, slapping some color on it, and calling it a game-changer. Launching on November 14, this edit nods to their Timeless...

Manhattan Associates Faces Investigation by KSF Law Firm

KSF Digs Into Manhattan Associates' Claims In the swirl of the financial world, you rarely see an investigation that doesn’t raise a few eyebrows. This time, it's Manhattan Associates, Inc. (NasdaqGS: MANH) squarely in the crosshairs of Kahn Swick & Foti, LLC (KSF), a pivotal player in securities litigation. You’ve got to wonder what dirt might be uncovered here,...

Novo's Research Unlocks New Insights into Food Noise

Unpacking the Science Behind Food Noise When folks think about losing weight, most picture shedding pounds and fitting into those elusive smaller jeans. But get this—there’s a curveball called ‘food noise’ that’s making waves in obesity treatment. Novo Nordisk’s semaglutide injections are shaking things up, cutting down on those persistent thoughts about food....

ManuTech Center Set to Revolutionize Manufacturing Hub

Jackson's Next Manufacturing Frontier Well, the folks down in Jackson, Michigan, are prepping to cut the red ribbon on something that's got me leaning forward in my seat. The Advanced Manufacturing Training Center (AMTC) is pulling out all the stops with their new ManuTech Prototyping Center. Yup, this center is about to become the playground for startups, manufacturers,...

IEHP's Wellness Center Launch Faces Delay in California

Unexpected Delay for IEHP's Community Hub Straight outta Rancho Cucamonga, we've got some news that'll have folks in San Bernardino holding their breath a little longer. The Inland Empire Health Plan (or IEHP if you're part of the 1.4 million served by them) had folks pumped for their new Community Wellness Center. But guess what? They had to slam the brakes on the grand...

Dana Concludes Tender Offers for Senior Notes

By Hannah Lewis Updated Nov 13, 2026 Category News Views 151

An Investor's Glance at Dana's Strategic Moves Dana Incorporated (NYSE: DAN) just pulled a bold move with their tender offers, snapping up a hefty $357,873,000 in outstanding principal on their senior notes. This isn’t just pocket change; folks holding out for securities can feel the tension of watching big numbers get shuffled around. You gotta wonder, what's the play...

Greenberg Traurig's Brad Kaufman: A Mentor of Resolute Impact

A Milestone for Mentorship at Greenberg Traurig In the often cutthroat jungle of law, finding someone who actually gives a damn about you is as rare as finding a unicorn. Yet, there it is—Brad Kaufman, at the helm of Greenberg Traurig's professional development, proving that mentorship can be more than just a checkbox on a quarterly review. Award for Exceptional...

HiTHIUM Joins Cambridge to Boost Global Energy Storage

HiTHIUM and Cambridge's New Energy Venture There's a big splash coming out of Xiamen, folks. HiTHIUM, a heavyweight in the energy storage sector, has decided to team up with the University of Cambridge. They inked a deal aiming to bridge the academic ivory tower with industrial grit, focusing on long-duration energy storage. It was all sealed during the Global Energy...

MV Transportation Celebrates Leadership Nomination for FTA

MV Throws Support Behind Aesch for FTA Role In this wild world where public transit feels the heat from financial burdens, MV Transportation's recent move to support Mark Aesch for the Federal Transit Administration's top spot isn’t just a nod of approval—it's a full-blown trumpet blast. They're not just doling out a basic endorsement here; they're practically waving...