the Article has caused a correction.
Telia is reporting a profit before tax of 1.704 million for last year’s fourth quarter. It can be compared with the profit before tax at 3.988 million in the corresponding period a year earlier..
– the full Year of 2018 was better than expected and better than what we said to the market during the year. Then we have a heavy finish in Sweden, particularly in quarter four, ” says Dennelind.
” We knew it would be negative. We have flagged. It would become so negatively driven by any unexpected costs which is a bit annoying.
the operations in Uzbekistan and Kazakhstan. Net result from discontinued operations was negative 3.4 billion.
– It is redovisningseffekterna of, in particular, sales in Uzbekistan. WE sold over book value, but when you do it you have to downgrade the previous losses. It does not affect our own capital, but it is an effect, ” says Johan Dennelind.
The parts left to sell, the business is in the republic of Moldova and Turkcell and where working on a solution.
we have as yet no final invoice for the Dennelind itself calls ”the adventure” away in Eurasia.
of what it actually cost when making the wrong. There has not been any good and the creation of value for the merger of Telia shareholders. So we get to do a final invoice when it is completely out.
net Sales in the fourth quarter of 2018 amounted to 22.209 million, compared with 21.164 million a year earlier.
the Board of directors proposes a dividend to the shareholders at the 2:36 kroner per share, which compares with the dividend of last year at 2:30 sek per share. The increase in dividend is divided into two rounds, with a 1:18 sek per share per utbetalningstillfälle.
In its outlook for 2019 points Telia that the company expects free cash flow from continuing operations, excluding licenses and spectrum fees, and dividends from the associated companies, increasing to 12-12,5 billion.
in the Swedish operations are pushed further, down three per cent. Telia is in an ongoing restructuring.
– We ask if the Swedish operations in the foundation, remove the old system and put in new ones. As we do that, we can also become fewer, both consultants and employees. It is an important part in taking out costs, of course, ” says Johan Dennelind.
How many services it may be is not clear. It is also about that certain functions be centralized and that the services then can be moved from Sweden.
“We have started discussions with the union today,” says Dennelind.
According to Dennelind, it is above all the two parts of the non-recurring result in the Swedish operations is lower than expected during the quarter.
we should not have had. We have also invested more in market in Sweden in the fourth quarter than what we did in the past. It is positive in the long term but not in the quarter.
the Plan is to increase the revenue from core services, focusing on increasing average revenue per user, as well as reviewing the cost base. But the ceo expects what he calls the “challenging conditions” will continue.
Correction: In an earlier version reported the wrong amount in the title for the increase of the dividend.
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