Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Sweden
  4. Nasdaq Stockholm
  5. Telia Company AB
  6. News
  7. Summary
    TELIA   SE0000667925

TELIA COMPANY AB

(TELIA)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Telia : beats profit estimates as 2025 plan gets rolling

04/23/2021 | 01:38am EST

STOCKHOLM, April 23 (Reuters) - Telia's first-quarter core earnings beat expectations on Friday as CEO Allison Kirkby presses on with streamlining in response to a pandemic that has closed shops and hit roaming revenue at the Nordic telecom operator.

Kirkby launched a strategy in January to cut 4 billion Swedish crowns ($475 million) in costs and around 1,000 jobs.

"We have taken 40% of the planned workforce reductions for this year already by March 31," Kirkby said in an interview. "We are already starting to see early signs of progress on our new strategy."

Adjusted earnings before interest, tax, depreciation and amortisation slipped to 7.25 billion crowns from 7.28 billion but beat the 7.19 billion expected by analysts, Refinitiv estimates showed.

Revenue fell 2.7% to 21.81 billion crowns, in line with analysts' estimates of 21.66 billion crowns.

The impact on roaming revenue alone was 250 million crowns.

Telia has created a separate unit for its more than 9,000 telecom towers and is reviewing its assets in Norway and Finland.

European telecom operators are increasingly https://www.reuters.com/article/us-europe-towers-idUSKBN2AV1DN looking at either selling towers outright for a hefty price to finance 5G rollouts or launching joint ventures with independent tower companies as a way to retain potential future growth.

Telia, which has been rolling out 5G across the Nordics, has had many companies show interest in its tower assets, Kirkby said.

About 60 to 70% of Finland's population will be covered by 5G by the end of this year, all of the key cities will be covered in Norway and Sweden will be close behind Norway, she said.

($1 = 8.4217 Swedish crowns) (Reporting by Supantha Mukherjee in Stockholm, editing by Subhranshu Sahu and Jason Neely)


ę Reuters 2021
All news about TELIA COMPANY AB
01/19Invitation to presentation of Telia Company's Q4 and full-year 2021 results and strateg..
AQ
01/07Telia Lietuva to Build $11 Million Data Center in Lithuania
MT
01/04Telia Agrees $12 Million Sale Of Telia Latvija
MT
01/04Telia to Sell Telia Latvia to Fixed-Network Operator Tet for EUR10.8 Million
DJ
01/04Telia Company in agreement to sell Telia Latvia to Tet
AQ
01/04SIA TET ENTERED INTO AN AGREEMENT TO : TELIA) for an enterprise value of €10.75 milli..
CI
2021Telia Completes $866 Million Sale Of Tower Business' Stake To Brookfield, Alecta
MT
2021Telia Company completes the sale of a minority stake in its Norwegian and Finnish tower..
AQ
2021AddLife is increasing its investment in digital health by acquiring Telia Health Monito..
AQ
2021Telia Lietuva reporting dates in 2022
AQ
More news
Analyst Recommendations on TELIA COMPANY AB
More recommendations
Financials
Sales 2021 87 248 M 9 432 M 9 432 M
Net income 2021 11 350 M 1 227 M 1 227 M
Net Debt 2021 69 490 M 7 512 M 7 512 M
P/E ratio 2021 13,3x
Yield 2021 5,67%
Capitalization 148 B 15 934 M 15 997 M
EV / Sales 2021 2,49x
EV / Sales 2022 2,48x
Nbr of Employees 19 812
Free-Float -
Chart TELIA COMPANY AB
Duration : Period :
Telia Company AB Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends TELIA COMPANY AB
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 25
Last Close Price 36,19 SEK
Average target price 36,93 SEK
Spread / Average Target 2,05%
EPS Revisions
Managers and Directors
Allison Kirkby President & Chief Executive Officer
Per Christian M°rland Chief Financial Officer & Executive Vice President
Bert Lars-Johan Jarnheimer Chairman
Rainer Deutschmann Group Chief Operating Officer & Senior VP
Mikael Karlsson Chief Ethics & Compliance Officer
Sector and Competitors
1st jan.Capi. (M$)
TELIA COMPANY AB2.20%15 934
VERIZON COMMUNICATIONS1.81%222 062
CHINA MOBILE LIMITED11.75%143 232
NIPPON TELEGRAPH AND TELEPHONE CORPORATION4.25%102 177
CHARTER COMMUNICATIONS, INC.-13.56%101 038
DEUTSCHE TELEKOM AG-2.09%85 398