Net sales growth for the group amounted to 8 percent excluding exchange rate differences

Net sales amounted to SEK 10,481 (9,642) million corresponding to a growth excluding exchange rate difference to 8 percent in the quarter. EBITDA in Q1 2012 amounted to SEK 2,571 (2,544) million, equivalent to an EBITDA margin of 25 (26) percent. 

Good customer intake in market area Russia

In Q1 2012, Tele2 Russia added 304,000 (547,000) customers leading to a total customer base of 20.9 (19.0) million. EBITDA amounted to SEK 1,063 (942) million, equivalent to an EBITDA margin of 35 (36) percent.

Maintained mobile revenue growth in market area Nordic

Mobile revenue in Sweden grew by 4 percent, as customer demand for smartphones and data services increased further during the quarter. This trend was enhanced by an aggressive marketing campaign during the month of March. As a result of increased marketing spend, the EBITDA margin was negatively affected. Tele2 Norway performed well during the quarter, with increased focus on moving traffic on to its own network.

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 332,000 (-24,000). The total customer base amounted to 1,703,000 (308,000). The Baltic countries drove further cost cutting in the quarter, maintaining their firm EBITDA margin development.

Robust margin development in fixed broadband in market area Western Europe

Tele2 Netherlands maintained a stable EBITDA margin compared to same period last year, despite tough market conditions in the consumer and business segments. Tele2 Austria carried on the integration of Silver Server during the quarter.

The figures presented in this report refer to Q1 2012 and continued operations unless otherwise stated. The figures shown in parentheses refer to the comparable periods in 2011.