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Telia grows Q2 EBITDA 4%, still sees small FY increase
2016-07-20 08:59:00| Telecompaper Headlines
(Telecompaper) Telia has maintained its full-year outlook for flat to slightly higher comparable EBITDA in 2016, despite growth of over 7 percent in the first half of 2016. The company said it saw a solid first six months, but expects a more difficult comparison for results in the second half. For the second quarter, the company saw earnings growth in seven of its eight continuing markets. While net sales fell 2.0 percent to SEK 21.13 billion, comparable EBITDA rose 4.1 percent to SEK 6.39 billion. Net profit from continuing operations was up 34.8 percent year-on-year to SEK 2.85 billion, but the continued weakness at the Eurasia operations up for sale meant the result for shareholders dropped 55.8 percent to SEK 1.44 billion.
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Category:Telecommunications