Tele2 Capital Market Day 2009: New financial targets for Tele2
(Thomson Reuters ONE) - Stockholm - Tele2 AB, ("Tele2"), (NASDAQ OMX Stockholm: TEL2 A andTEL2 B), today announced new financial targets for its operations.The definition of a core business within Tele2 is that the EBITDAmargin should be 20 percent or more. Tele2's mobile operations on owninfrastructure should target mid 30 percent or higher over the longterm.A long-term ROCE target of 20 percent is set for the Tele2 group, asthe company wants to lay particular stress on cost control andoptimal use of capital.Lars Nilsson, CFO of Tele2, comments: "We need to continuously raisethe bar for our company and set demanding targets that challenge ourorganization and keep us on our toes. I believe that this shows ourshareholders and lenders that Tele2's house is in order and that wehave a solid operational foundation to leverage on in the future."____________________________________________________________________Further information can be obtained from:Lars Torstensson, Investor Inquiries, Tel: +46 702 73 48 79Pernilla Oldmark, Press Inquiries, Tel: +46 704 26 45 45Tele2 is one of Europe's leading alternative telecom operators.Tele2's mission is to provide affordable and easy connectivity foreveryone at anytime. Tele2 always strives to offer the market's bestprices. We have 25.4 million customers in 11 countries. Tele2 offersmobile services, fixed broadband and telephony, data networkservices, cable TV and content services. Ever since Jan Stenbeckfounded the company in 1993, it has been a tough challenger to theformer government monopolies and other established providers. Tele2has been listed on the NASDAQ OMX Stockholm since 1996. In 2008, wehad net sales of SEK 39.5 billion and reported an operating profit(EBITDA) of SEK 8.2 billion.http://hugin.info/133413/R/1341892/321047.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 17.09.2009 - 12:13 Uhr
Sprache: Deutsch
News-ID 5916
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