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TeliaSonera organic service revenue, EBITDA lower in Q2
2015-07-17 09:07:00| Telecompaper Headlines
(Telecompaper) TeliaSonera reported second-quarter sales up 8.5 percent year-on-year to SEK 21.1 billion, helped by its acquisition of Tele2 Norway and currency effects. Excluding currency effects, acquisitions and disposals, total sales increased 1.9 percent, while service revenues were down 1.3 percent. Adjusted EBITDA was up 4.0 percent on a reported basis but down 4.0 percent on an organic basis, to SEK 9.2 billion. The margin fell 33.9 percent from 35.4 a year ago. Adjusted operating profit declined 7.6 percent to SEK 5.9 billion, and net profit was down 8.1 percent to SEK 3.3 billion. Free cash flow increased strongly to SEK 6.3 billion from SEK 2.5 billion, thanks to dividends of SEK 4.7 billion from Turkcell. TeliaSonera said it expects the earnings trend to improve somewhat in the second half of the year and reiterated its full-year outlook for stable organic EBITDA. However, the company noted increased risks to performance in Eurasia due to the difficult economic climate and currency fluctuations. Capital expenditure is estimated at SEK 17 billion over the full year, excluding licence and spectrum fees, after spending SEK 8.3 billion in the first six months.
Tags: service
lower
revenue
organic
Category:Telecommunications