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Tele2 AB Publishes Interim Report January - March 2011 - Tele2 AB, (Tele2), (NASDAQ OMX Stockholm: TEL2 A and TEL2 B) announced its consolidated results for the first quarter 2011
Tele2 AB Publishes Interim Report January - March 2011

 

PRZOOM - /newswire/ - Stockholm, Sweden, 2011/04/19 - Tele2 AB, (Tele2), (NASDAQ OMX Stockholm: TEL2 A and TEL2 B) announced its consolidated results for the first quarter 2011. OMX Stockholm: TEL2A

   
 
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"Offering the Best Deal is our business"

"The first three months of 2011 have continued to show strong revenue growth in our main markets. During the quarter, we focused on executing against our set performance targets, and I am glad to announce that our results are in line with the company's financial guidance. In order to generate enduring revenue growth, the area of cost efficiency is primarily targeted at. Price leadership, a central pillar of offering the Best Deal, requires us to be cost leaders. We unceasingly measure our progress by benchmarking ourselves against our industry peers. It is of great importance that we continue to prove that Tele2 is the master of cost efficiency in our industry."

Financial highlights
Net sales amounted to SEK 9,573 (9,527) million corresponding to a growth less exchange rate fluctuations of 7 percent. EBITDA in Q1 2011 amounted to SEK 2,457 (2,358) million, equivalent to an EBITDA margin of 26 (25) percent. EBITDA growth less exchange rate fluctuations amounted to 11 percent.

Robust EBITDA contribution in market area Russia
In Q1 2011, Tele2 Russia added 547,000 (949,000) customers in an increasingly competitive market. EBITDA amounted to SEK 942 (719) million, equivalent to an EBITDA margin of 36 (32) percent.

Accelerating mobile revenue growth in market area Nordic
Mobile revenue in Sweden grew by 17 percent, as customer demand for smartphones and data services continued to increase during the quarter. Mobile customer intake in Norway was good, amounting to 8,000 (4,000).

Kazakhstan prepared for launch in market area Central Europe & Eurasia
During the quarter, Tele2 in Kazakhstan prepared for commercial launch through intensified efforts for improving network quality and distribution capabilities.

The Interim report is available on reports.tele2.com/2011/Q1

Result Meeting
Tele2 will present the results at a meeting at Myntkabinettet, Slottsbacken 6, Stockholm, at 10.45 am CET (09:45 am UK time/04:45 am NY time) on Tuesday, April 19, 2011. The presentation will be held in English and webcasted on Tele2's dedicated Q1 2011 website, reports.tele2.com/2011/Q1.

There will also be the possibility to listen to the meeting live over the phone and attend the Q&A session via a conference call. Please note that there might be a time lag of up to 30 seconds between the Internet broadcast and the conference call if you are simultaneously watching and calling in to the press conference.

Dial-in information:
To ensure that you are connected to the conference call, please dial in a few minutes before the start of the conference call to register your attendance.

Dial-in numbers:
Sweden: +46 8 505 598 53
UK: +44 203 043 24 36
US: +1 866 458 40 87

Contacts:
Mats Granryd, President & CEO - T: +46 (0)8 5620 0060
Lars Nilsson, CFO - T: +46 (0)8 5620 0060
Lars Torstensson, Group Director, Corporate Communication - T: +46 (0)8 5620 0042

Tele2 is one of Europe 's leading telecom OPERATORS, always providing the best deal. We have 31 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.

 
 
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Agency / Source: Tele2 AB

 
 

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Tele2 AB Publishes Interim Report January - March 2011

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Tele2 |
Contact: Tele2 Press - Tele2.com 
+46 704 26 45 45 press.relations[.]tele2.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Tele2 AB securities in any jurisdiction including any other companies listed or named in this release.

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