Telia: stock tumbles after quarterly results
(CercleFinance.com) - The Telia stock is down 3.
6% on the OMX today, after the telecom operator published a Q4 net loss of 1.58 billion Swedish kronor (c. 154 million euros), weighed on by the sale of its stakes in Ucell and Kcell.
The Scandinavian group saw its adjusted EBITDA margin drop by half a point to 30.3% for sales that are up 4.9% at over 22.2 billion kronor (c. 2.16 billion euros; -2.9% excluding FX factors and changes in its consolidation scope).
With operating free cash flow of 10.8 billion kronor in the past fiscal year, Telia says that in 2019 it has a target range of 12 billion to 12.5 billion kronor for 2019.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
6% on the OMX today, after the telecom operator published a Q4 net loss of 1.58 billion Swedish kronor (c. 154 million euros), weighed on by the sale of its stakes in Ucell and Kcell.
The Scandinavian group saw its adjusted EBITDA margin drop by half a point to 30.3% for sales that are up 4.9% at over 22.2 billion kronor (c. 2.16 billion euros; -2.9% excluding FX factors and changes in its consolidation scope).
With operating free cash flow of 10.8 billion kronor in the past fiscal year, Telia says that in 2019 it has a target range of 12 billion to 12.5 billion kronor for 2019.
Copyright (c) 2019 CercleFinance.com. All rights reserved.