Thursday, January 30, 2014

TeliaSonera Q4 and Full Year Report 2013

TELIASONERA REPORTS FOURTH-QUARTER AND FULL-YEAR 2013 RESULTS;
OUTLOOK FOR 2014

Fourth quarter summary

  • Net sales in local currencies, excluding acquisitions and disposals, decreased 0.2
    percent. In reported currency, net sales decreased 2.1 percent to SEK 26,503 mil-
    lion (27,069).
  • The addressable cost base in local currencies, excluding acquisitions and dis-posals, increased 2.8 percent. In reported currency, the addressable cost base increased 1.0 percent to SEK 7,466 million (7,394).
  • EBITDA, excluding non-recurring items, increased 0.1 percent in local currencies, excluding acquisitions and disposals. In reported currency, EBITDA, excluding non-recurring items, decreased 3.0 percent to SEK 8,728 million (9,002). The EBITDA margin, excluding non-recurring items, decreased to 32.9 percent (33.3).
  • Operating income, excluding non-recurring items, decreased 7.0 percent to SEK 7,100 million (7,636). Operating income decreased to SEK 4,560 million (7,826).
  • Net income attributable to owners of the parent company decreased 68.2 percent to SEK 2,190 million (6,880). Earnings per share decreased to SEK 0.51 (1.59).
  • Free cash flow was SEK 2,126 million (2,934).

Full year summary

  • Net sales in local currencies, excluding acquisitions and disposals, decreased 0.2 percent. In reported currency, net sales decreased 3.0 percent to SEK 101,700 million (104,898).
  • Net income attributable to owners of the parent company decreased 24.7 percent to SEK 14,970 million (19,886) and earnings per share decreased to SEK 3.46 (4.59).
  • Free cash flow was SEK 16,310 million (23,740). Free cash flow excluding divi-dends from MegaFon was SEK 14,370 million (12,014).
  • The Board of Directors proposes an ordinary dividend of SEK 3.00 per share (2.85), totaling SEK 13.0 billion (12.3) or 87 percent (62) of net income attributable to owners of the parent company.

Outlook for 2014

  • Net sales in local currencies, excluding acquisitions and disposals, are expected to be around the same level as in 2013. Currency fluctuations may have a material impact on reported figures in Swedish krona.
  • The EBITDA margin, excluding non-recurring items, is expected to be around the same level as in 2013 (35.0 percent).
  • The CAPEX-to-sales ratio is expected to be approximately 15 percent, excluding license and spectrum fees.

For more information, click the link below
TeliaSonera Q4-2013

 

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