Interim Report January-June 2010
(Thomson Reuters ONE) -
Stockholm - Tele2 AB, (Tele2), (NASDAQ OMX Stockholm: TEL2 A and TEL2 B) today
announced its consolidated results for the second quarter 2010.
"Taking it to the next level. Together"
"We achieved several important milestones during the second quarter of 2010. The
availability of more affordable smart phone handsets contributed to the creation
of a mass market, benefiting Tele2's more value-oriented customers; we improved
the mix of our handset portfolio in Sweden; Tele2 Russia exceeded 16 million
customers and the new regions started to reach profitability; and Tele2 Croatia
attained EBITDA break-even. This positive momentum will take Tele2 to the next
level", comments Lars Nilsson, CFO & Interim President and CEO of Tele2 AB.
Financial highlights
Net sales in Q2 2010 amounted to SEK 9,967 (9,912) million, excluding one-off
items of SEK 588 (-59) million. Including one-off items, net sales amounted to
SEK 10,555 (9,853) million. EBITDA amounted to SEK 2,687 (2,446) million,
equivalent to an EBITDA margin of 27 (25) percent.
First two new Russian regions EBITDA break-even on a monthly basis, driving best
ever operational performance in the market area
In Q2 2010, Tele2 Russia added 1,113,000 (478,000) customers. During the
quarter, EBITDA amounted to SEK 944 (644) million and the first two new regions
reached EBITDA break-even on a monthly basis, nine months after commercial
launch.
Accelerated mobile revenue growth in market area Nordic
Mobile revenue in market area Nordic grew by 4 percent, led by Tele2 Sweden's
push into the smart phone segment, and as a result of higher take-up rate of
data subscriptions.
Stable cash flow contribution and signs of market stabilization in market area
Central Europe & Eurasia
During the quarter, Tele2 Croatia reached a very important milestone by reaching
EBITDA break-even for the first time. In the Baltic region, general market
conditions started to show signs of stabilization, supporting Tele2's mobile
operations in the countries.
Further success in the corporate segment for market area Western Europe
In the corporate segment, Tele2 Netherlands was successful in prolonging
existing accounts, thereby extending the binding period of several large
customers.
The Interim report is available on reports.tele2.com/2010/Q2
Interim result conference call
Tele2 will host a conference call, with an interactive presentation, for the
global financial community at 10.00 am CET (09.00 am UK time/04.00 am NY time)
on Wednesday, July 21, 2010. The conference call will be held in English and
will also be made available as an audiocast on Tele2's dedicated Q2 2010
website, reports.tele2.com/2010/Q2.
Dial-in information:
To ensure that you are connected to the conference call, please dial in a few
minutes before the start of the conference call to register your attendance.
Dial-in numbers:
Sweden: +46 (0)8 505 598 53
UK: +44 (0) 203 043 24 36
US: +1 866 458 40 87
Contacts
Lars Nilsson, CFO and Interim President & CEO
Telephone: +46 (0)8 5620 0060
Lars Torstensson, Investor Relations
Telephone: + 46 (0)8 5620 0042
Tele2 is one of Europe 's leading telecom operators, always providing the best
deal. We have 29 million customers in 11 countries. Tele2 offers mobile
services, fixed broadband and telephony, data network services, cable TV and
content services. Ever since Jan Stenbeck founded the company in 1993, it has
been a tough challenger to the former government monopolies and other
established providers. Tele2 has been listed on the NASDAQ OMX Stockholm since
1996. In 2009, we had net sales of SEK 39.5 billion and reported an operating
profit (EBITDA) of SEK 9.4 billion.
[HUG#1433008]
Interim report Januari-June 2010: http://hugin.info/133413/R/1433008/378933.pdf
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Source: Tele2 AB via Thomson Reuters ONE
Datum: 21.07.2010 - 07:01 Uhr
Sprache: Deutsch
News-ID 24201
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"Interim Report January-June 2010"
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