Telia - 1999 Annual Report Summary

TELIA ACHIEVED ITS BEST ADJUSTED OPERATING INCOME EVER. SWEDISH OPERATIONS DELIVERED HEALTHY EARNINGS AND GROWTH DESPITE PRICE CUTS AND THE INTRODUCTION OF CARRIER PRESELECTION. THE GROWTH SECTORS MOBILE COMMUNICATIONS, INTERNET/ BROADBAND, DATA COMMUNICATIONS, AND INTERNATIONAL CARRIER EXPANDED VIGOROUSLY. ASSOCIATED COMPANIES INFONET AND EIRCOM FLOATED SUCCESSFULLY. The Year in Brief MSEK 1999 1998 1997 Net sales 52,121 49,569 45,665 Sales growth (%) 5.2 8.6 7.6 Gross margin (%) 26.1 29.0 23.0 Operating income 5,946 7,220 3,218 Operating margin (%) 11.4 14.6 7.0 Income after financial net 5,980 7,143 3,128 Interest coverage rate (multiple) 8.5 10.4 5.3 Net income 4,222 5,011 2,222 Earnings per share (SEK) 480 569 252 ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/03/01/20000301BIT00240/bit0001.doc Full report http://www.bit.se/bitonline/2000/03/01/20000301BIT00240/bit0002.pdf Full report