Telia Company records FY 2018 net sales rise of 4.7%

25 Jan 2019

Sweden-based Telia Company has recorded a net sales increase of 4.7% to SEK83.56 billion (USD7.07 billion) for full-year 2018, up from SEK79.79 billion the previous year. Adjusted operating income dropped by 4.3% year-on-year, however, to SEK14.15 billion from SEK14.78 billion in 2017. Adjusted EBITDA increased by 6.0% from SEK25.15 billion to SEK26.65 billion in the twelve months ended 31 December 2018, while the company reported a drop in total net income from SEK10.24 billion to SEK3.09 billion over the same period, attributed to the divestments of Ucell in Uzbekistan and Kcell in Kazakhstan in Q4.

In operational terms, Telia Company recorded a group-wide total of 14.746 million subscribers at 31 December 2018, up from 14.486 million one year earlier, an increase of 1.8%.

Sweden, Telia Company