je.st
news
TeliaSonera forecasts stable EBITDA in 2016
2016-01-29 08:51:00| Telecompaper Headlines
(Telecompaper) TeliaSonera reported fourth-quarter sales from continuing operations up 5.9 percent to SEK 22.655 billion. Service revenues in local currencies, excluding acquisitions and disposals, grew 1.1 percent. Adjusted EBITDA rose 11.1 percent to SEK 6.556 billion, and the margin improved to 28.9 percent from 27.6 a year ago. The company's net result was a loss of SEK 3.010 billion or SEK 0.70 per share, compared to a profit of SEK 2.938 billion or SEK 0.68 per share a year earlier, due to writedowns of SEK 7.20 billion, mainly on the activities in Eurasia up for sale. Over the full year, organic EBITDA was up 0.1 percent, better than the company's forecast for a small decline, while organic revenue growth was 2.4 percent over all of 2015. TeliaSonera said it targets stable organic EBITDA again in 2016, while the high level of investment will also continue, due to the accelerated roll-out of fibre in Sweden and restructuring of legacy IT and product systems in order to reduce costs.
Tags: stable
forecasts
ebitda
teliasonera
Category:Telecommunications