TeliaSonera shows the quarterly results better than expected
Company TeliaSonera, the largest Nordic telecom operator, today reported a profit above analysts' expectations on the background is not as significant increased restructuring costs, as well as marketing in Asia. Net income in the second quarter fell to 4.03 billion corn (610 million dollars), against 4.85 billion euros a year earlier. Analysts had expected the figure at 3.82 billion euros. TeliaSonera sales decreased by 3.9% to 25.3 billion euros, in line with expectations.
The company said that its Eurasian business with operations in Turkey and Russia, as well as several countries CIS has been growing, but on the other side of her home market is not as happy due to lower consumer spending and high competition. Meanwhile, 60% of the income TeliaSonera - this is income from operations in Scandinavia. Previously, the operator announced a reduction in staff to improve the profitability of operations.
Today, after the publication of the paper reporting the opening of trading in Stockholm rose 1.8% to 45.96 euros. The analyst said that the operator has received an additional 802 million euros nerekkurentnyh costs much of which is related to the reorganization. The EBITDA for the second quarter was 35.3%, which is broadly in line with market expectations
.jpg)
