About Q2
Interim Report January-June 2010
In Q2 2010, Tele2’s net sales amounted to SEK 10,555 million and EBITDA amounted to SEK 2,687 million.
|
Q2 |
H1 |
|||||
|
SEK million |
2010 |
2009 |
% |
2010 |
2009 |
% |
|
Net Sales |
10,555 |
9,853 |
7 |
20,090 |
19,681 |
2 |
|
Net Sales excluding |
9,967 |
9,912 |
1 |
19,502 |
19,740 |
-1 |
|
EBITDA |
2,687 |
2,446 |
10 |
5,045 |
4,690 |
8 |
|
EBIT |
2,294 |
1,445 |
59 |
3,840 |
2,792 |
38 |
|
EBIT excluding |
1,767 |
1,504 |
17 |
3,316 |
2,855 |
16 |
|
Net Profit/Loss |
1,649 |
1,128 |
46 |
2,898 |
1,602 |
81 |
|
Earnings per share, |
3.73 |
2.54 |
47 |
6.55 |
3.59 |
82 |
The figures presented in this report refer to Q2 2010 and continued operations unless otherwise stated. The figures shown in parentheses refer to the comparable periods in 2009.
Highlights
- First two new Russian regions EBITDA break-even on a monthly basis, driving best ever operational performance in the market area
In Q2 2010, Tele2 Russia added 1,113,000 (478,000) customers. During the quarter, EBITDA amounted to SEK 944 (644) million and the first two new regions reached EBITDA break-even on a monthly basis, nine months after commercial launch - Accelerated mobile revenue growth in market area Nordic
Mobile revenue in market area Nordic grew by 4 percent, led by Tele2 Sweden’s push into the smart phone segment, and as a result of higher take-up rate of data subscriptions - Stable cash flow contribution and signs of market stabilization in market area Central Europe & Eurasia
During the quarter, Tele2 Croatia reached a very important milestone by reaching EBITDA break-even for the first time. In the Baltic region, general market conditions started to show signs of stabilization, supporting Tele2’s mobile operations in the countries - Further success in the corporate segment for market area Western Europe
In the corporate segment, Tele2 Netherlands was successful in prolonging existing accounts, thereby extending the binding period of several large customers