Overview
Telia Co., the Swedish telecommunications operator, has announced its fourth-quarter earnings, which have met expectations. The company’s adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) increased by 7.4% to 7.49 billion Swedish kronor ($717.4 million) compared to the anticipated SEK7.78 billion. Despite a net loss of SEK2.85 billion, Telia remains optimistic about its future prospects, stating that the current business momentum is expected to continue.
Financial Highlights
- Adjusted Earnings: Telia’s adjusted EBITDA for the fourth quarter rose to SEK7.49 billion, meeting market forecasts.
- Net Loss: Although the company reported a net loss of SEK2.85 billion, it is an improvement from the previous year.
- Revenue Increase: Telia’s revenue showed a slight growth of 0.9%, reaching SEK23.1 billion.
- Dividend Proposal: The company has proposed an unchanged dividend of SEK2 for 2023.
Future Outlook
Chief Executive Allison Kirkby expressed confidence in Telia’s future performance, expecting the current momentum to persist. The company projects low single-digit growth in service revenue for 2024, with adjusted EBITDA estimated to grow at a low-to-mid single-digit rate. Additionally, Telia anticipates a capital expenditure of approximately SEK14 billion, while the structural part of operational free cash flow is predicted to range from SEK7 billion to SEK8 billion.
For more information about Telia Co.’s financial results, contact Dominic Chopping.
