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Telecoms company TELE2 reports above expectation results

Thursday, 18 April 2013
The Swedish telecoms operator Tele2, reported an operating profit before depreciation and amortization (EBITDA) of Skr1.488 million for the first quarter of 2013.

Analysts had expected an EBITDA profit of Skr1.47 million, according to report.

EBITDA margin was 20.0 percent, versus 19.8 percent expected.
Profit before tax was Skr553 million. That compares with profit of Skr462 million corresponding period in 2012.

Sales amounted to Skr7.298 billion for the period, compared with a consensus forecast of Skr7.44 million. The figures exclude the Russian operations that have been divested.

Tele2's mobile operations in Sweden generated net sales of Akr2.437 million in the first quarter (against Skr 2379m) and an EBITDA margin of 30.0 per cent (28). The figure includes 3 million in intercompany sales. Excluding inter-company sales amounted EBITDA margin of 30.1 percent.

The CEO, Mats Granryd, commented, “Today’s results show the strength of the new Tele2 with robust performance in customer intake, revenue and EBITDA during the first quarter of 2013. I believe that we are well on track to meet our full year guidance. We are a European and Eurasian operator and mobile is our strategy, which now accounts for 70 percent of total revenue.”
by Scancomark.com Team

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