TeliaSonera | July 20, 2011 | Press Release
A united TeliaSonera shows stronger profitability
Second quarter
- Net sales in local currencies and excluding acquisitions increased 3.0 percent. In reported currency, net sales decreased 4.3 percent to SEK 25,894 million (27,065).
- The addressable cost base in local currencies and excluding acquisitions increased 3.5 percent. In reported currency, the addressable cost base decreased 3.5 percent to SEK 7,900 million (8,185).
- EBITDA, excluding non-recurring items, increased 6.5 percent in local currencies and excluding acquisitions. In reported currency, EBITDA, excluding non-recurring items, fell 0.9 percent to SEK 9,109 million (9,194). The EBITDA margin, excluding non-recurring items increased to 35.2 percent (34.0).
- Operating income, excluding non-recurring items, decreased 12.0 percent to SEK 6,974 million (7,923) due to lower income from associated companies.
- Net income attributable to owners of the parent company decreased to SEK 3,860 million (5,238) and earnings per share decreased to SEK 0.89 (1.17).
- Free cash flow decreased to SEK 1,413 million (3,930) due to higher cash CAPEX and lower dividends received from associated companies.
- During the quarter the number of subscriptions grew by 1.7 million in the consolidated operations while subscriptions in the associated companies decreased by 0.3 million. The total number of subscriptions was 159.4 million.
- Group outlook for 2011 remains unchanged.
First half
- Net sales in local currencies and excluding acquisitions increased 2.8 percent. In reported currency, net sales decreased 5.0 percent to SEK 50,619 million (53,255).
- Net income attributable to owners of the parent company decreased to SEK 8,506 million (9,960) and earnings per share decreased to SEK 1.93 (2.22).
- Free cash flow decreased to SEK 4,000 million (7,302).
