In Q1 2011, Tele2’s net sales amounted to SEK 9,573 million and EBITDA amounted to SEK 2,457 million.
|Net Sales excluding one-off items||9,573||9,527||0|
|EBIT excluding one-off items||1,560||1,549||1|
Earnings per share, after dilution (SEK)
The figures presented in this report refer to Q1 2011 and continued operations unless otherwise stated. The figures shown in parentheses refer to the comparable periods in 2010.
Q1 2011 Highlights
- Net sales growth less exchange rate fluctuations amounted to 7 percent for the group
Net sales amounted to SEK 9,573 (9,527) million corresponding to a growth less exchange rate fluctuations of 7 percent in the quarter. EBITDA in Q1 2011 amounted to SEK 2,457 (2,358) million, equivalent to an EBITDA margin of 26 (25) percent. EBITDA growth less exchange rate fluctuations amounted to 11 percent.
- Robust EBITDA contribution in market area Russia
In Q1 2011, Tele2 Russia added 547,000 (949,000) customers in an increasingly competitive market. EBITDA amounted to SEK 942 (719) million, equivalent to an EBITDA margin of 36 (32) percent.
- Accelerating mobile revenue growth in market area Nordic
Mobile revenue in Sweden grew by 17 percent, as customer demand for smartphones and data services continued to increase during the quarter. Mobile customer intake in Norway was good, amounting to 8,000 (4,000).
- Kazakhstan prepared for launch in market area Central Europe & Eurasia
During the quarter, Tele2 in Kazakhstan prepared for commercial launch through intensified efforts for improving network quality and distribution capabilities.