About Q3
In Q3 2011, Tele2’s net sales amounted to SEK 10,340 million and EBITDA amounted to SEK 2,893 million.
| Q3 | 9M 2011 | |||||
| SEK million | 2011 | 2010 | % | 2011 | 2010 | % |
| Net Sales | 10,340 | 9,989 | 4 | 29,911 | 30,055 | 0 |
| Net Sales excluding one-off items | 10,340 | 9,998 | 3 | 29,911 | 29,476 | 1 |
| Net Sales exchange rate differences | 10,340 | 9,731 | 6 | 29,911 | 28,041 | 7 |
| EBITDA | 2,893 | 2,751 | 5 | 8,061 | 7,796 | 3 |
| EBITDA excluding exchange rate differences | 2,893 | 2,668 | 8 | 8,061 | 7,408 | 9 |
| EBIT | 1,950 | 1,892 | 3 | 5,328 | 5,732 | -7 |
| EBIT excluding one-off items | 1,970 | 1,875 | 5 | 5,306 | 5,191 | 2 |
| Net Profit | 1,259 | 2,484 | 3,593 | 5,382 | ||
| Earnings per share, after dilution (SEK) | 2.82 | 5.61 | 8.06 | 12.16 | ||
The figures presented in this report refer to Q3 2011 and continued operations unless otherwise stated. The figures shown in parentheses refer to the comparable periods in 2010.
Q3 2011 Highlights
- Net sales growth for the group amounted to 6 percent excluding exchange rate differences
Net sales amounted to SEK 10,340 (9,989) million corresponding to a growth excluding exchange rate difference of 6 percent in the quarter. EBITDA in Q3 2011 amounted to SEK 2,893 (2,751) million, equivalent to an EBITDA margin of 28 (28) percent. EBITDA growth excluding exchange rate differences was 8 percent. - Record EBITDA contribution in market area Russia
In Q3 2011, Tele2 Russia added 681,000 (1,170,000) customers leading to a total customer base of 20.4 million. EBITDA amounted to a record SEK 1,214 (1,011) million, equivalent to an EBITDA margin of 40 (38) percent. - Robust mobile revenue growth in market area Nordic
Mobile revenue in Sweden grew by 7 percent, as customer demand for smartphones and data services remained strong during the quarter. Mobile customer intake in Sweden was good, amounting to 95,000 (103,000). In the quarter, Tele2 announced its intention to acquire Network Norway, creating the third largest mobile operator in the Norwegian market. - Significant operational progress in market area Central Europe & Eurasia
During the quarter, Tele2 Kazakhstan continued its successful launch of new regions, resulting in a customer intake of 459,000 (1,000). The total customer base amounted to 1.1 million. Tele2 Croatia reached for the first time free cash-flow breakeven in Q3 2011. - Tele2 Netherlands expanded margin in fixed broadband
Following the integration of BBNed, Tele2 Netherlands expanded its fixed broadband margin to 35 (30) percent.