Telia 3Q Net Profit Rose; Proposes Additional Dividend
October 21 2020 - 1:49AM
Dow Jones News
By Adria Calatayud
Telia Co. AB said Wednesday that third-quarter net profit rose
as it felt a lessening impact from the coronavirus pandemic, and
proposed an additional dividend.
The Swedish telecommunications operator made a profit of 2.52
billion Swedish kronor ($287.9 million) compared with SEK2.38
billion for the same period a year before.
Adjusted earnings before interest, taxes, depreciation and
amortization--the company's preferred metric, which strips out
exceptional and other one-off items--was down 0.2% at SEK8.21
billion. Analysts expected an adjusted Ebitda of SEK7.82 billion,
according to a consensus based on estimates by 11 analysts and
provided by FactSet.
Telia's net sales for the quarter rose 2% to SEK21.53 billion.
On a like-for-like basis, net sales fell 3.7%.
The company said the pandemic had an estimated SEK600 million
hit on service revenue, driven by lower roaming and advertising
revenue, and an estimated SEK300 million impact on adjusted
Ebitda.
As a result of the lower coronavirus impact compared with the
previous quarter, Telia now expects adjusted Ebitda for the full
year of around SEK30.5 billion, and operational free cash flow for
in the upper end of its previous guidance range of SEK9.5 billion
to SEK10.5 billion.
The company said its board has decided to propose an additional
dividend of SEK0.65 a share.
Write to Adria Calatayud at adria.calatayud@dowjones.com
(END) Dow Jones Newswires
October 21, 2020 01:34 ET (05:34 GMT)
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