Tele2 Capital Markets Day 2011: Updated financial targets for Tele2 Group
(Thomson Reuters ONE) -
Stockholm - Tele2 AB (Tele2), (NASDAQ OMX Stockholm: TEL2 A and TEL2 B) today
announced new financial targets for its operations
A long-term ROCE target of 24 (earlier 20) percent is set for the Tele2 Group,
as the company wants to lay particular stress on cost control and optimal use of
capital.
Lars Nilsson, CFO of Tele2, comments: "We need to continuously raise the bar for
our company and set demanding targets that challenge our organization and keep
us on our toes. I believe that this shows our shareholders and lenders that
Tele2 has a strong financial foundation upon which it can leverage in the
future."
Contacts
Lars Torstensson, Investor Inquiries, Telephone: +46 702 73 48 79
Pernilla Oldmark, Press Inquiries, Telephone: +46 704 26 45 45
TELE2 IS ONE OF EUROPE'S LEADING TELECOM OPERATORS, ALWAYS PROVIDING THE BEST
DEAL. We have 32 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.
Press release:
http://hugin.info/133413/R/1546704/474565.pdf
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Source: Tele2 AB via Thomson Reuters ONE
[HUG#1546704]
Datum: 15.09.2011 - 12:53 Uhr
Sprache: Deutsch
News-ID 64521
Anzahl Zeichen: 2125
contact information:
Town:
Stockholm
Kategorie:
Business News
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"Tele2 Capital Markets Day 2011: Updated financial targets for Tele2 Group"
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