Full Year and Fourth Quarter 2010 Report
(Thomson Reuters ONE) -
Stockholm - Tele2 AB, (Tele2), (NASDAQ OMX Stockholm: TEL2 A and TEL2 B) today
announced its consolidated results for the full year and fourth quarter 2010.
"Offering the Best Deal is our business"
"In 2010, we were successful by all our measures. Group revenue increased by 2
percent to SEK 40.2 billion, while EBITDA margin expanded to 26 (24) percent.
Adjusted for currency movement revenue increased by 6 percent. Tele2 Russia
exceeded 18 million customers and our new regions started to reach
profitability; Tele2's value conscious customers began to benefit from the
availability of more affordable smart phone handsets; we improved our handset
portfolio in Sweden for the new mass market; we acquired BBned, strengthening
our position and commitment as a serious long-term player to the Netherlands;
lastly, Tele2 Croatia attained EBITDA break-even. Another significant milestone
passed during 2010 was the 30 million customer mark and our customer base
increased by 16 percent in 2010. We are proud of these results; however we are
never satisfied at Tele2. That is why we look forward to making 2011 even more
successful."
Financial highlights
Net sales in Q4 2010 increased by 2 percent to SEK 10,115 (9,954) million,
excluding one-off items of SEK -6 (-1) million. Adjusted for currency movement
net sales increased by 8 percent.
EBITDA in Q4 2010 amounted to SEK 2,488 (2,263) million, equivalent to an EBITDA
margin of 25 (23) percent.
Strong customer intake and EBITDA contribution in market area Russia
In Q4 2010, Tele2 Russia added 755,000 (1,149,000) customers in an increasingly
competitive market. EBITDA amounted to SEK 899 (695) million.
Significant mobile revenue growth in market area Nordic
Mobile revenue in Sweden grew by 12 percent, as customer demand for smartphones
and data services increased during the quarter.
Enhanced net intake in Kazakhstan, driving better customer trends in market area
Central Europe & Eurasia
During the quarter, Tele2 in Kazakhstan added 114,000 new customers, a
sequential improvement of the total customer stock by 52 percent.
Continued success in the business segment for market area Western Europe
During the quarter, Tele2 Netherlands successfully integrated BBned into its
operation, further strengthening its position in the business segment.
The Board of Directors proposes a dividend for 2010 amounting to SEK 27
The Board of Tele2 AB decided to recommend an increase in the ordinary dividend
of 56 percent to SEK 6.00 (3.85) per share in respect of the financial year
2010. The Board also decided to recommend an extraordinary dividend of SEK
21.00 (2.00).
The Interim report is available on reports.tele2.com/2010/Q4
Result Meeting
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 Tuesday, February 8, 2011.
The conference call will be held in English and also available as audiocast on
Tele2's website, www.tele2.com.
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
Mats Granryd
President & CEO
Telephone: + 46 (0)8 5620 0060
Lars Nilsson
CFO
Telephone: +46 (0)8 5620 0060
Lars Torstensson
Group Director, Corporate Communication
Telephone: + 46 (0)8 5620 0042
Tele2 is one of Europe 's leading telecom OPERATORS, always providing the best
deal. We have 31 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 2010, we had net sales of SEK 40.2 billion and reported an operating
profit (EBITDA) of SEK 10.3 billion.
Full year and fourth quarter 2010 report:
http://hugin.info/133413/R/1486351/421525.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Tele2 AB via Thomson Reuters ONE
[HUG#1486351]
Datum: 08.02.2011 - 07:01 Uhr
Sprache: Deutsch
News-ID 51169
Anzahl Zeichen: 5254
contact information:
Town:
Stockholm
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 161 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Full Year and Fourth Quarter 2010 Report"
steht unter der journalistisch-redaktionellen Verantwortung von
Tele2 AB (Nachricht senden)
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