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    TELIA   SE0000667925

TELIA COMPANY AB

(TELIA)
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Delayed Nasdaq Stockholm  -  05/20 11:29:30 am EDT
40.56 SEK   +1.00%
05/11Telia Company accelerates company-wide cloud adoption by upskilling 2,000 employees on AWS and cloud technologies
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05/09Telia Company exercises mandate to buy back shares to cover commitments under the "Long term incentive program 2019/2022"
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04/29Telia Lietuva annual information for the year 2021
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Telia Lifts Dividend After 4Q Earnings Beat Expectations

01/28/2022 | 02:08am EDT

By Dominic Chopping


STOCKHOLM--Telia Co. AB on Friday lifted its dividend after posting a better-than-expected fourth-quarter net profit.

The Swedish telecommunications operator said it made a fourth-quarter net profit of 1.19 billion kronor ($126.7 million), compared with a loss of SEK24.5 billion a year earlier and the SEK1.1 billion expected in a FactSet poll.

Adjusted earnings before interest, taxes, depreciation and amortization--the company's preferred metric, which strips out exceptional and other one-off items--fell 1.6% to SEK7.29 billion, above the SEK7.22 billion expected.

Net sales slipped 0.4% to SEK23.38 billion.

The company announced a dividend for 2021 of SEK2.05 a share up from SEK2.00 in the previous year.

Telia expects like-for-like 2022 service revenue and adjusted Ebitda to grow by low-single digits. Cash capital expenditure, excluding fees for licenses and spectrum, is seen between SEK14.0 billion and SEK15.0 billion.

Service revenue and adjusted Ebitda are still expected to grow by low to mid-single digits between 2021 and 2023.

In a separate announcement late Thursday, Telia said it has agreed to sell 49% of its Swedish tower business to Brookfield and Alecta for SEK5.5 billion in cash. The company intends to return the net transaction proceeds to shareholders.


Write to Dominic Chopping at dominic.chopping@wsj.com


(END) Dow Jones Newswires

01-28-22 0208ET

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04/29Procedure for the payment of Telia Lietuva dividends for the year 2021
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04/28Decisions of the Annual General Meeting of Shareholders held on 28 April 2022
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Analyst Recommendations on TELIA COMPANY AB
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Financials
Sales 2022 89 313 M 8 965 M 8 965 M
Net income 2022 6 154 M 618 M 618 M
Net Debt 2022 65 809 M 6 605 M 6 605 M
P/E ratio 2022 26,3x
Yield 2022 5,21%
Capitalization 166 B 16 649 M 16 649 M
EV / Sales 2022 2,59x
EV / Sales 2023 2,53x
Nbr of Employees 19 457
Free-Float 58,9%
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Mean consensus HOLD
Number of Analysts 23
Last Close Price 40,56 SEK
Average target price 38,51 SEK
Spread / Average Target -5,05%
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Managers and Directors
Allison Kirkby President & Chief Executive Officer
Per Christian M°rland Chief Financial Officer & Executive Vice President
Bert Lars-Johan Jarnheimer Chairman
Rainer Deutschmann Group Chief Operating Officer & Senior VP
Mikael Karlsson Chief Ethics & Compliance Officer
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