Swedish telecommunications operator misses market views

  • Telia Co. net profit and revenue fell in Q1, missing market expectations
  • Net profit attributable to shareholders was 598 million kronor
  • Adjusted EBITDA rose to SEK7.14 billion
  • Revenue fell 2% to SEK21.27 billion
  • Service revenue increased 1.5% to SEK18.63 billion
  • Telia maintains its 2024 service revenue guidance

Telia Co. reported a decline in net profit and revenue for the first quarter, failing to meet market expectations. The company’s net profit attributable to shareholders was 598 million kronor, compared to 603 million kronor in the same period last year. This fell short of the consensus forecast of 929.1 million kronor. Adjusted EBITDA, Telia’s preferred metric, increased to SEK7.14 billion, but still below the consensus estimate of SEK7.27 billion. Revenue also declined by 2% to SEK21.27 billion, missing the market consensus of SEK21.99 billion. However, service revenue saw a slight increase of 1.5% to SEK18.63 billion. Telia Co. maintained its guidance for 2024, expecting growth in service revenue and adjusted EBITDA in the low-to-mid single digits.

Factuality Level: 9
Factuality Justification: The article provides specific details about Telia Co.’s financial performance in the first quarter, including net profit, revenue, and adjusted earnings. It also includes information about analysts’ expectations and the company’s guidance for the full year. The information presented is factual and based on concrete data without any apparent bias or sensationalism.
Noise Level: 3
Noise Justification: The article provides a straightforward report on Telia Co.’s financial performance in the first quarter, including details on net profit, revenue, and adjusted earnings. It also mentions market expectations and the company’s guidance for the full year. The information is relevant and focused, without delving into unrelated topics or excessive details.
Financial Relevance: Yes
Financial Markets Impacted: Telia Co.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article pertains to the financial performance of Telia Co., a Swedish telecommunications operator. It discusses the company’s net profit and revenue for the first quarter, which fell below market expectations. However, Telia Co. maintained its guidance for the full year. There is no mention of any extreme event or its impact.
Public Companies: Telia Co. (N/A)
Key People: Najat Kantouar (N/A)

Reported publicly: www.marketwatch.com