October 19, 2017 / 5:12 AM / 2 months ago

BRIEF-Telia Q3 core profit meets forecast, repeats 2017 outlook

Oct 19 (Reuters) - Telia Company:

* Q3 ‍adjusted ebitda, decreased 3.6 percent to SEK 6,604 million​

* Says ‍outlook for 2017 is reiterated​

* Reuters poll: Telia q3 core ebitda was seen at sek 6,609 million, revenues at sek 19,622 million

* Says ‍we reiterate our outlook for full year 2017, both on EBITDA and operational free cash flow​

* Says ‍for Fintur holdings we see continuous progress and high activity and it is still our ambition to divest these assets before year-end, even if I will not set that as a firm deadline​

* Says ‍we are comfortable of reaching ambition of 5 percent operational expense cut in second half of 2017 in Sweden

* Says ‍in 2017 we have been prepared to connect just as many households to our future proof fiber technology as in 2016.

* Says ‍our ambition to reduce our cost base (amounting to an expected SEK 38 billion in 2017) by 3 percent, on a net basis in 2018 over 2017, is on track. Source text for Eikon: Further company coverage: (Reporting By Olof Swahnberg)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below