Tele2 reported a slightly higher third-quarter net profit, aided by increased revenue from its core telecommunications services, but revenue and underlying earnings fell somewhat short of analysts’ estimates.
The Swedish telecom operator reported a net profit of 1.11 billion Swedish kronor ($104.9 million) on Tuesday, up from 1.06 billion kronor in the same time last year.
This was the company’s first set of results since last week, when it named Jean-Marc Harion as its next president and CEO, succeeding Kjell Johnsen, effective next month.
The company’s chosen indicator, underlying earnings before interest, taxes, depreciation, amortization, and the cost of leased assets, rose from 2.78 billion to 2.82 billion kronor.
Revenue Report of Tele2
Revenue increased to 7.39 billion kronor from 7.25 billion. Both total revenue and revenue from services to end users increased 2.6% organically.
According to the company’s average projections, analysts expected an underlying EBITDA after leases of 2.84 billion kronor on revenue of 7.40 billion kronor.
Tele2‘s full-year expectations remained unchanged, with organic growth of 3%-4% in end-user service revenue and 1%-3% in underlying EBITDA after leases.
Read more
TSLA : Reports Quarterly Earnings This Week
Unions Defy Members Say ‘No’ to Leadership Contracts
Who is Pavel Durov? CEO of Telegram Under Arrest?
Source
wsj.com
