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Telia's EBITDA before non-recurring items amounted to SEK 6,977 million for the third quarter of 2018, according to the interim report.
The EBITDA margin was 33.7%.
The average forecast of the ten analysts, established by Infront Data for the report, was based on an underlying EBITDA of SEK 6,773 million, with a margin of 33.5%.
Decrease in sales of organic products
Net sales amounted to SEK 20,685 million. In this case, the estimated amount is SEK 20 207 million.
Telia net sales increased 0.1% organically in the third quarter. This compares with the + 1.3% recorded in the second quarter of 2018.
For service revenues, organic growth was -1.9% in the third quarter.
In the largest Swedish market, organic growth was minus 0.6%. Revenue from services in Sweden experienced organic growth of minus 1.2%.
Writes the forecast for the full year
Telia is raising its guidance for adjusted EBITDA results in continuing operations in 2018 and is expected to be "slightly better" than 2018 compared to 2017.
The previous valuation was consistent or slightly above the 2017 level of $ 25.4 billion.
This is indicated in the quarterly report.
The average estimate, according to the Infront Datas compilation for the report, was based on an EBITDA result excluding exceptional items of SEK 26.5 billion in 2018.
Telia reiterates the expectation that free cash flow from continuing operations, excluding licenses and dividends from associates, will be higher in 2018 than in 2017, when it was 9, SEK 7 billion.
As before, Telia indicates that these cash flows, together with the dividends from associated companies, should cover a dividend for 2018, which is around the 2017 level.
Not satisfied with Swedish development
To date, Telia has cut costs in Sweden as part of the company's cost program, but its CEO, Johan Dennelind, is still not satisfied with the pace of change.
"We know that there is clear potential for improvement in the coming years." The new CEO in Sweden, Anders Olsson, has taken important steps to create a stronger business plan and improve its efficiency, " he writes in his interim report.
As expected, Sweden's EBITDA performance was worse in the third quarter than in the previous quarter, partly because of the more difficult comparison expected, but also because of the costs associated with thunderstorms and the negative effects of exchange rate.
"While the transformation is delayed and the truly global effects will occur by 2020 rather than expected in 2019, some of the change in Sweden will accentuate the implementation of the transformation but will also improve profitability in the future. 39, other areas, "writes Johan Dennelind.
In total, Telia "is in full swing" to reduce the net costs of SEK 1.1 billion, a priority for the company this year.
Comparative figures difficult 4th quarter
For the fourth quarter, Johan Dennelind, director of Telia, chooses to contain difficult comparative data.
"There is no doubt that comparative figures will remain difficult in the fourth quarter, especially in Sweden," he writes in his interim report.
With the evolution since the beginning of the year, with EBITDA growth adjusted by 4%, excluding currency effects, Telia will increase its outlook for Ebitda for the whole from "identical or slightly higher than 2017 levels" to "slightly higher than 2017 levels".
The average estimate used directly by the news agency in the report telegram is based on the estimates of at least three analysts of an Infront data compilation. The group that contributed to the average estimate is part of the total number of analysts who regularly follow the company and estimates its quarterly results. The average estimate should therefore be considered as an indication of the position of expectations.
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