Tele2: Q4 results beat estimates, but outlook in line
(CercleFinance.com) - Swedish telecoms operator Tele2 said on Friday that higher Q4 results concluded an "extraordinary year" for the group.
Tele2's net sales for Q4 grew to 6.6 billion Swedish kronor, from 6.4 billion Swedish kronor a year ago, while EBITDA jumped to 1.52 billion Swedish kronor from 1.46 billion Swedish kronor in Q4 2016.
Analysts at UBS pointed out that despite Q4 results beating the consensus, outlook for 2018 was "broadly in line" with market expectations.
"We expect consensus to only slightly nudge up as the market would think based on the recent track record that the guidance is potentially conservative," the broker said.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
Tele2's net sales for Q4 grew to 6.6 billion Swedish kronor, from 6.4 billion Swedish kronor a year ago, while EBITDA jumped to 1.52 billion Swedish kronor from 1.46 billion Swedish kronor in Q4 2016.
Analysts at UBS pointed out that despite Q4 results beating the consensus, outlook for 2018 was "broadly in line" with market expectations.
"We expect consensus to only slightly nudge up as the market would think based on the recent track record that the guidance is potentially conservative," the broker said.
Copyright (c) 2018 CercleFinance.com. All rights reserved.