STOCKHOLM, Sweden, Oct. 29, 2003 (PRIMEZONE) -- TeliaSonera:
Record free cash flow through strong earnings and lower CAPEX
-- Net sales for the nine-month period increased 1 percent to SEK
60,718 million (60,034).
-- Net income for the nine-month period improved to SEK 4,836 million
(-35,898) and earnings per share to SEK 1.03 (-7.68).
-- Profit improvements across the Group during the nine-month period
generated improved operating income of SEK 9,531 million
(-46,004). Excluding non-recurring items2), operating income
improved to SEK 11,274 million (3,842).
-- Free cash flow for the nine-month period increased to SEK 14,190
million (5,862).
-- Third quarter EBITDA margin excluding non-recurring items increased
to 39 percent (34).
-- Synergies ahead of schedule. Decisions taken in 2003 are expected to
yield annual cost savings of SEK 1,302 million and annual investment
savings of SEK 321 million at the end of 2005.
Key Figures
In millions, except Jul-Sep Jul-Sep Jul-Sep Jan-Sep Jan-Sep percentages and per share 2003 2003 2002 2003 2002 data SEK EUR 3) SEK SEK SEK
Net sales 20,094 2,239 20,102 60,718 60,034 EBITDA excl. non-recurring 7,915 882 6,889 23,547 19,102 items Margin (%) 39.4 39.4 34.3 38.8 31.8 Income from associated 326 36 -2,731 -344 -33,407 companies Operating income 3,560 397 -12,655 9,531 -46,004 Operating income excl. non- 4,084 455 1,032 11,274 3,842 recurring items Income after financial 3,260 363 -13,126 9,019 -46,711 items Net income 1,735 193 -12,266 4,836 -35,898 Earnings/loss per share 0.37 0.04 -2.62 1.03 -7.68 CAPEX 1,889 210 2,788 5,624 8,350 Free cash flow 5,138 572 3,617 14,190 5,862 Legal 4) Net sales 20,094 2,239 14,496 61,371 42,727 Net income 1,735 193 -10,118 6,245 -9,961 Earnings/loss per share 0.37 0.04 -3.37 1.34 -3.32
1) Pro forma presentation as if the merger of Telia and Sonera had taken
place on January 1, 2002 and excluding Telia's Finnish mobile
operations and Swedish cable TV operations.
2) Non-recurring items, see table on page 27.
3) Convenience translation only, conversion rate SEK 1 = EUR 0.111433.
4) Including Sonera operations and the new Baltic subsidiaries since
December 3, 2002 and Telia's Finnish mobile operations and Swedish
cable TV operations through May 31, 2003.
This information was brought to you by Waymaker http://www.waymaker.net
The full report is available for download:
http://www.waymaker.net/bitonline/2003/10/29/20031029BIT00040/wkr0001.doc
http://www.waymaker.net/bitonline/2003/10/29/20031029BIT00040/wkr0002.pdf