TeliaSonera Interim Report January-September 2014
17 October 2014
Steady performance THIRD QUARTER SUMMARY
Net sales in local currencies, excluding acquisitions and disposals, decreased 2.0 percent. In reported currency, net sales increased 0.2 percent to SEK 25,464 million (25,416). Service revenues in local currencies, excluding acquisitions and disposals, decreased 0.6 percent.
EBITDA, excluding non-recurring items, decreased 0.9 percent in local currencies, excluding acquisitions and disposals. In reported currency, EBITDA, excluding non-recurring items, increased 0.2 percent to SEK 9,439 million (9,419). The EBITDA margin, excluding non-recurring items, was stable at 37.1 percent (37.1).
Operating income, excluding non-recurring items, decreased 5.9 percent to SEK 7,266 million (7,721).
Net income attributable to owners of the parent company decreased 12.2 percent to SEK 4,073 million (4,641) and earnings per share to SEK 0.94 (1.07).
Free cash flow decreased to SEK 6,387 million (7,308) due to higher cash CAPEX.
Group outlook for 2014 is unchanged.
President and CEO
Comments by Johan Dennelind, Operational performance remained stable in the third quarter, with organic service revenues and underlying EBITDA almost unchanged compared to the corresponding period last year, resulting in a flat EBITDA margin of 37.1 percent.
In Sweden, the consumer segment remains firm with positive service revenue growth, fueled by migration to data-centric price models and solid demand for high speed fixed broadband. The fiber roll-out gained further momentum in the quarter and our 4G network now covers more than 96 percent of the population. However, our overall performance continues to be impacted by fierce competition in the enterprise area.
In region Europe, it is encouraging that our Finnish business returned to positive service revenue growth and profitability improved, despite negative impact from reduced mobile termination rates and overall difficult macro environment. In Spain, sales growth remained impacted by lower equipment sales, but profitability improved due to lower subscriber acquisition costs and higher data contribution.
In Eurasia, profitability remains solid and subscription growth accelerated, supported by positive net intake in all of our seven markets. In Kazakhstan, service revenue growth slowed in the quarter, but profitability improved due to lower costs. Currently, changes are being made on management level in the country as part of our focus to strengthen governance and operational control. In addition, we continued our assessment of the operational assets in Eurasia, resulting in a non-cash write down in the quarter, as recently communicated.
Our strategic agenda was further presented at our capital markets day in September, where we outlined our overall ambition to transform TeliaSonera in the next few years to reach the full potential and equip for the all data era. To accomplish this journey, we will invest in new growth and savings initiatives.
We will invest an accumulated amount of up to SEK 4-5 billion during 2015 and 2016 to further drive growth and improve our competitiveness, primarily through accelerating the Swedish fiber roll-out, establishing new offerings in the enterprise segment and upgrading data networks in Eurasia. In Sweden, the aim is to increase the number of households reached by Telia-Sonera's fiber services from 1.1 million to 1.9 million between 2014 and 2018.
Sustainable cost savings can only be achieved if we exit legacy structures and reduce complexity across the group. Therefore an accumulated amount of SEK 2 billion will be invested in business transformation in 2015 and 2016 to reach net savings with a yearly run rate of SEK 2 billion during 2017.
Keeping a solid balance sheet and investment grade credit rating is important to us. We aim to balance this with continued attractive shareholder returns and our new dividend policy targets an annual distribution of at least SEK 3 per share for the fiscal years 2014 and 2015.
Based on the performance in the first nine months, we reiterate our full year 2014 outlook, expecting net sales in local currencies to be slightly below the level in 2013, an EBITDA margin around last year's level and CAPEX-to-sales of around 15 percent.
Stockholm, October 17, 2014
Johan Dennelind
President and CEO
Questions regarding the reports
TeliaSonera AB
Investor Relations
SE 106 63 Stockholm, Sweden
Tel. +46 8 504 550 00
www.teliasonera.com
TeliaSonera AB discloses the information provided herein pursuant to the Swedish Securities Markets Act and/or the Swedish Financial Instruments Trading Act. The information was submitted for publication at 07:00 CET on October 17, 2014.
Most recent headlines
09/11/2025
Dalet today announced a transformative leap forward for media operations: Agentic Artificial Intelligence (AI) that unifies the Dalet ecosystem under one natura...
21/10/2025
As Amazon's Prime Video prepares to launch its coverage of NBA basketball under a major new deal, Grup Mediapro has announced that it is working with the st...
21/10/2025
ATLANTA Good news for consumers using an Atlanta DTH receiver to watch ATSC 3.0: with a new software update, they will be able to blanket their homes with Wi-Fi...
21/10/2025
While recent news has been heavily focused on Hispanic migration into the U.S., The 2025 Hispanic Market Report from Claritas highlights the fact that this gr...
21/10/2025
MAIDENHEAD, UK RWS has hired Michael Wayne as its head of media and entertainment in Los Angeles where he will lead the company's media localization busines...
21/10/2025
Imagine Communications and Rohde & Schwarz today announced a definitive agreement under which Imagine will acquire Pixel Power Limited, a wholly owned subsidiar...
21/10/2025
Atlanta DTH (ADTH) today announced a major update that will expand the functionality of its NEXTGEN TV receiver by enabling gateway capabilities allowing viewer...
21/10/2025
Heartland Video Systems, Inc. (HVS), a premier video systems integration, consulting, and expert ATSC 3.0 implementation firm announces that it has partnered wi...
21/10/2025
QuickLink, the leading provider of award-winning video production and remote guest integration solutions, today announced the appointment of Austin Hinton as it...
21/10/2025
nternet connectivity startup Miri Technologies Inc. will use this week's NAB Show New York as the launch pad for its latest ground-breaking innovation, the ...
20/10/2025
Inside TAMS: How Time-Addressable Media Stores could redefine sports workflows By Paul Markham
Friday, October 17, 2025 - 08:57
Print This Story
A penalty...
20/10/2025
Transformational production: Inside TVN's remote production push for the DFL...
20/10/2025
How NBC Sports Transitioned Stamford Facility to One Format: 1080p HDRMulti-year plan harmonizes workflows, simplifies operationsBy Ken Kerschbaumer, Editorial ...
20/10/2025
NBA on NBC' Studio Production Team Is Ready for Tip-Off With Coast-to-Coast...
20/10/2025
Under pressure: TVN CEO Markus Osthaus considers the German sports broadcasting ...
20/10/2025
(L-R) Maria Dizzia, Carmen Emmi, and Russell Tovey attend the Plainclothes pre...
20/10/2025
In March, we launched Concerts Near You to help listeners find concerts from their favorite artists. Since then, more than 3 million people have used it to disc...
20/10/2025
Em diversas cidades do Brasil, um movimento tem se fortalecido para celebrar o poder, a beleza e a profundidade da criatividade negra. O Dia AMPLIFIKA, agora em...
20/10/2025
In cities across Brazil, a movement is growing that celebrates the power, beauty, and depth of Black creativity. AMPLIFIKA Day, now in its fifth edition, return...
20/10/2025
Airborne Early Warning and Control aircraft rendering...
20/10/2025
DENVER and MUNICH Imagine Communications today announced its plans to acquire Pixel Power Ltd., a wholly owned subsidiary of Rohde & Schwarz. Financial terms of...
20/10/2025
LOS ANGELES G Morgan has joined Globecast, a provider of broadcast, media and entertainment managed services, as executive vice president of sales, Globecast Am...
20/10/2025
PLYMOUTH, Wisc. Heartland Video Systems and Zixi have partnered to enable broadcast-quality live video delivery over any IP network....
20/10/2025
A. R. Rahman on Facing Fear and Finding the Divine In an interview with Berklee President Jim Lucchese, the Oscar-winning composer reflects on how courage and...
20/10/2025
Monday 20 October 2025
To view this content, please enable our use of cookies. ...
20/10/2025
Rohde & Schwarz transfers Pixel Power to Imagine Communications Companies work collaboratively to ensure continuity and ongoing support for existing customers...
20/10/2025
RT 's Prime Time is set to host the final Presidential Election Debate this Tuesday night, October 21, providing an opportunity to hear directly from Irelan...
20/10/2025
NVIDIA and Google Cloud are expanding access to accelerated computing to transform the full spectrum of enterprise workloads, from visual computing to agentic a...
19/10/2025
Back to All News
Sins of Kujo' Comes to Life in New Live-Action Series Set for Spring 2026
Entertainment
19 October 2025
GlobalJapan
Link copied to cl...
18/10/2025
New England Sports Network (NESN) has chosen Harmonic, working with Astound Business Solutions, as its enterprise technology partner to transform primary distri...
18/10/2025
NEW ORLEANS, La. In the run-up to the start of the NBA season, WVUE-TV and Gray Local Media have announced a deal with DirecTV that will greatly expand access t...
18/10/2025
Berklee Celebrates 40 Years of the Fall Together Concert Faculty composers Bob Pilkington and Greg Hopkins are among the featured artists for this year's ...
17/10/2025
NEP Group Receives New Equity Investment From 26North Partners LP, Co-InvestorsCarlyle remains the largest shareholder as the company prepares for the futureBy ...
17/10/2025
Apple Lands Five-Year Deal for F1 Distribution in the U.S.Besides airing on Apple TV, the sport will be amplified on other Apple servicesBy Ken Kerschbaumer, Ed...
17/10/2025
SVG Sit-Down: Marshall Electronics' Bernie Keach on the Future of PTZ Camera...
17/10/2025
L2 Productions' REMI Facility in Austin Can Produce Content From AnywhereMusic festivals, sports events are produced via flypacks and remote control roomsBy...
17/10/2025
By Lucy Spicer
One of the most exciting things about the Sundance Film Festival...
17/10/2025
(L-R) Christopher Meyer, Addison Timlin, Cooper Raiff, Lili Reinhart, Alyah Chan...
17/10/2025
M sica e arte se uniram em uma noite especial na semana passada na ZIV Gallery, ...
17/10/2025
Music and art came together for one special night last week at ZIV Gallery, an i...
17/10/2025
Spotify and FC Barcelona are extending our partnership through 2030, continuing a collaboration that's redefining how fans, players, and artists connect. Th...
17/10/2025
MURRIETA, Calif. The Sports Fishing Championship (SFC) has deployed DigitalGlue's creative.space storage platform to streamline video production by centrali...
17/10/2025
BELLEVUE, Wash. Football continued to cement its reputation as a bulwark of TV advertising in Q3 2025 with new data from iSpot that showed both the NFL and coll...
17/10/2025
The Sports Fishing Championship (SFC), the premier competitive saltwater fishing series, has transformed its production workflow by adopting creative.space, the...
17/10/2025
QuickLink, a leading provider of award-winning multi-camera video productions and remote contribution solutions, announces the release of StudioPro Version 4, ...
17/10/2025
Although the annual Grammy Awards celebration is best known for recognizing achievements in the recording industry, the show often proves a visual spectacle as ...
17/10/2025
OpenDrives, Inc., a leading provider of software-defined data storage and data services, has promoted Alex Dunfey to Chief Technology Officer (CTO) from his for...
17/10/2025
The University of Arizona (UofA) has significantly upgraded its broadcast communication infrastructure with the integration of Riedel Communications' advanc...
17/10/2025
Harmonic (NASDAQ: HLIT) today announced that New England Sports Network (NESN), owned by Fenway Sports Group and Delaware North, has selected Harmonic as its en...
TeliaSonera Interim Report January-September 2014 
