Telia improves profit in Q1

27 Apr 2022

Sweden’s Telia Company has recorded net sales of SEK21.82 billion (USD2.24 billion) for the first three months of 2022, unchanged from a year earlier on a reported basis, or up 2.1% like-for-like. On a comparable basis, service revenues rose 3.2% to SEK18.76 billion. Adjusted EBITDA increased 0.3% to SEK7.20 billion (up 0.1% like-for-like), while total net income rose from SEK953 million in Q1 2021 to SEK1.09 billion in the most recent quarter. The group claimed 18.35 mobile subscriptions across Scandinavia and the Baltics at the end of March 2022, including 4.18 million M2M connections. Fixed broadband subscriptions totalled 2.93 million.

Sweden, Telia Company