Telecommunications company sees growth and turnaround in Q4

  • Telia Co. maintains dividend after adjusted earnings meet expectations
  • Telecommunications business grows, turnaround in television and media unit shows results
  • Fourth-quarter adjusted EBITDA rises 7.4% to SEK 7.49 billion
  • Net loss narrows to SEK 2.85 billion from SEK 18.8 billion
  • Revenue increases 0.9% to SEK 23.1 billion
  • Telia management expects business momentum to continue in 2024
  • 2024 service revenue expected to grow by low single digits
  • Adjusted EBITDA forecasted to grow low-to-mid single digits in 2024
  • Capital expenditure estimated at SEK 14 billion
  • Proposed dividend for 2023 remains unchanged at SEK 2

Telia Co. has announced that it will maintain its dividend after reporting adjusted earnings that were roughly in line with expectations. The telecommunications company saw growth in its telecommunications business and the first signs of a turnaround in its television and media unit. In the fourth quarter, adjusted EBITDA increased by 7.4% to SEK 7.49 billion, while the net loss narrowed to SEK 2.85 billion from SEK 18.8 billion. Revenue also rose by 0.9% to SEK 23.1 billion. Looking ahead to 2024, Telia’s management expects the current business momentum to continue, with service revenue projected to grow by low single digits and adjusted EBITDA expected to grow by low-to-mid single digits. The company estimates capital expenditure to be around SEK 14 billion and proposes an unchanged dividend of SEK 2 for 2023.

Public Companies: Telia Co. (N/A)
Private Companies:
Key People: Allison Kirkby (Chief Executive)

Factuality Level: 8
Justification: The article provides specific financial figures and statements from Telia Co., which can be fact-checked. The information is presented in a straightforward manner without any obvious bias or opinion.

Noise Level: 3
Justification: The article provides a straightforward report on Telia Co.’s financial performance and future expectations. It includes relevant information such as adjusted earnings, net loss, revenue, and dividend. However, it lacks in-depth analysis, scientific rigor, and actionable insights. The article stays on topic and supports its claims with data from FactSet poll. Overall, the noise level is relatively low, but it lacks depth and critical analysis.

Financial Relevance: Yes
Financial Markets Impacted: Telia Co. and the telecommunications industry

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article pertains to financial topics as it discusses Telia Co.’s earnings, dividend, and future expectations. However, there is no mention of any extreme events or their impact.

Reported publicly: www.marketwatch.com