TeliaSonera January-June 2004 - Pro Forma
TeliaSonera January-June 2004 - Pro Forma 1) TeliaSonera has, as previously announced, decided to apply IFRS 3 as of January 1, 2004, which means that goodwill amortization is discontinued. Six-month period · Net sales totaled SEK 40,535 million (40,624). · Net income increased to SEK 6,553 million (3,183) and earnings per share to SEK 1.40 (0.68). Goodwill amortization in the comparative period was SEK 2,121 million. Second quarter · Net sales increased 2 percent to SEK 20,589 million. · Operating income increased to SEK 5,650 million (2,817). Excluding non- recurring items3), operating income improved to SEK 5,063 million (4,036). Goodwill amortization in the comparative quarter was SEK 1,073 million. · Market positions maintained at the expense of lower margins. The EBITDA margin decreased to 36 percent (40). · The number of customers grew by 9 percent to 22.8 million. In the associated companies, the increase was 37 percent to 30.4 million. · Acquisition of Orange Denmark announced. · Dividend policy specified and capital structure addressed. Key Figures In millions, except Apr-Jun Apr-Jun Apr-Jun Jan-Jun Jan-Jun percentages and per share 2004 2004 2003 2004 2003 data SEK EUR 2) SEK SEK SEK Net sales 20,589 2,249 20,275 40,535 40,624 EBITDA excl. non-recurring 7,327 800 8,070 14,527 15,632 items 3) Margin (%) 35.6 35.6 39.8 35.8 38.5 Income from associated 681 74 -620 1,266 -536 companies Operating income 5,650 617 2,817 10,833 6,105 Operating income excl. non- 5,063 553 4,036 9,885 7,324 recurring items Income after financial 5,489 600 3,121 10,384 5,893 items Net income 3,148 344 1,544 6,553 3,183 Earnings per share 0.67 0.07 0.33 1.40 0.68 CAPEX 2,625 287 2,059 4,383 3,735 Free cash flow 3,591 392 5,155 5,785 9,052 Legal 1) Net sales 20,589 2,249 20,603 40,535 41,277 Net income 3,148 344 2,983 6,553 4,592 Earnings per share 0.67 0.07 0.64 1.40 0.99 1) Pro forma presentation: Excluding Telia's Finnish mobile operations and Swedish cable TV operations. Legal presentation: Including these operations through May 31, 2003. 2) Convenience translation only, conversion rate SEK 1 = EUR 0.109233. 3) Non-recurring items, see table on page 29. Questions regarding content: TeliaSonera AB Investor Relations SE-106 63 Stockholm, Sweden Tel. +46 8 504 550 00 Fax +46 8 611 46 42 www.teliasonera.com/ir ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/07/28/20040728BIT00020/wkr0001.pdf The full report