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TeliaSonera revenues slow in Q4 on weak Eurasian markets
2015-01-29 08:19:00| Telecompaper Headlines
(Telecompaper) TeliaSonera reported fourth-quarter organic sales down 2.2 percent, hurt by weak economic conditions in its markets in Eurasia. Reported revenues were up 0.2 percent from a year earlier to SEK 26.61 billion, helped by currency effects. Adjusted EBITDA was down 3.5 percent excluding currency effects and fell 1.4 percent on a reported basis to SEK 8.60 billion. The margin dropped to 32.3 percent from 32.9 a year ago. TeliaSonera still increased net profit, by 34.2 percent to SEK 2.94 billion in the quarter, despite SEK 2.2 billion in impairment charges on the Eurasian assets. Over the full year, organic sales fell 1.8 percent, and the operator maintained its adjusted EBITDA margin at 34.9 percent, in line with its outlook. TeliaSonera also kept its dividend unchanged at SEK 3.00 per share, equal to a pay-out of 90 percent of net profit. For 2015, the operator again targets stable EBITDA excluding currency or M&A effects, at least the same dividend and capital expenditure of around SEK 17 billion excluding spectrum and licence fees, compared to SEK 15.3 billion in 2014.
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Category:Telecommunications