Telia Company Interim Report January-March 2017
TELIA COMPANY INTERIM REPORT JANUARY-MARCH 2017 Q1 Telia Company Interim Report January–March 2017 Q1 REVENUE AND CASH FLOW GROWTH First quarter summary • As earlier announced former segment region Eurasia is reported as held for sale and discontinued operations. Sergel is reported as held for sale. • Net sales in local currencies, excluding acquisitions and disposals, increased 3.0 percent. In reported currency, net sales fell 5.6 percent to SEK 19,252 million (20,394). Service revenues in local currencies, excluding acquisi- tions and disposals, increased 1.4 percent. • EBITDA, excluding non-recurring items, declined 0.9 percent in local currencies, excluding acquisitions and dis- posals. In reported currency, EBITDA, excluding non-recurring items, declined 1.1 percent to SEK 6,149 million (6,217). The EBITDA margin, excluding non-recurring items, rose to 31.9 percent (30.5). • Operating income, excluding non-recurring items, declined 9.4 percent to SEK 3,805 million (4,198) mainly due to lower contribution from associated companies. • Total net income attributable to the owners of the parent increased to SEK 6,984 million (3,766) and earnings per share to SEK 1.61 (0.87). Total net income increased to SEK 7,143 million (3,911). The provision for settlement amount proposed by the US and Dutch authorities has been adjusted to USD 1.0 billion (SEK 8.9 billion) from USD 1.45 billion (SEK 13.2 billion) per December 31, 2016. The total net income effect in the first quarter 2017 of the change in the provision, foreign exchange differences and the hedge was SEK 4.1 billion.
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