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Tele2 quarterly EBITDA falls 22%, sales up 1%
2016-07-21 09:08:00| Telecompaper Headlines
(Telecompaper) Tele2 reported a drop in second-quarter profits as the company increased commercial spending in an effort to accelerate sales in its largest markets, Sweden and the Netherlands. While revenues rose slightly to SEK 6.668 billion from SEK 6.611 billion a year ago, EBITDA dropped to SEK 1.087 billion from SEK 1.393 billion. The margin dropped to 16 percent from 21 percent a year ago. After SEK 95 million in restructuring charges and a higher tax bill, Tele2 posted a net loss of SEK 60 million from the quarter, versus a profit of SEK 309 million a year ago. Tele2 maintained its outlook for mobile end-user service revenue growth in the mid single digits in 2016, after 2 percent growth in Q2.
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Category:Telecommunications
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