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Telia Company posts moderate revenue, EBITDA growth in Q2

20 Jul 2022

Sweden’s Telia Company reported consolidated group revenues of SEK22.293 billion (USD2.166 billion) for the second quarter of 2022, up by 1.9% year-on-year, with service revenues climbing 1.5% to SEK19.167 billion. On a comparable basis, underlying service revenues in ‘core telco’ operations (excluding TV and media) increased 2.5%. Adjusted EBITDA rose 0.3% y-o-y to SEK7.681 billion in the three months ended 30 June 2022, while consolidated quarterly net income amounted to SEK1.684 billion compared to SEK8.076 billion posted in the same period of 2021. The outlook for full-year 2022 remained unchanged, with ‘low single digit’ growth expected for service revenues and adjusted EBITDA on a like-for-like basis.

The Telia group claimed 14.278 million mobile subscriptions (excluding M2M) across its seven-country Scandinavia/Baltics footprint at the end of June 2022, up moderately by 0.6% from 14.191 million at mid-2021, while group-wide M2M connections surged up 48.6% to 4.643 million from 3.124 million a year earlier. Consolidated fixed broadband subscriptions totalled 2.934 million at the end of the period, up 1.1% y-o-y from 2.903 million. Telia Company’s Q2 report also calculated that its 5G networks have now collectively reached 49% of the population across all its markets following an acceleration in rollout, with Norway and Finland leading the Telia pack with 70% 5G population coverage in both countries by mid-year.

Telia Sweden’s mobile subscriptions (excluding M2M) fell to 4.790 million at end-June 2022 from 4.858 million a year earlier, while M2M connections registered to the Swedish division galloped up from 1.560 million to 2.737 million over the same twelve-month period (note: can include cross-border M2M/IoT services). Swedish fixed broadband subscriptions climbed 1.6% y-o-y to 1.246 million at 30 June 2022. Telia Sweden’s ongoing 5G network rollout reached 34% of the country’s population across 75 cities by mid-2022. The group also highlighted its continuing programme to dismantle its copper network in Sweden and migrate customers onto future-proof technologies; to date the project has seen about 1.3 million telephone poles removed and recycled together with over 160,000km of cabling.

Finland, Norway, Sweden, Telia Company, Telia Finland, Telia Norge, Telia Sweden

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