Telia raises full-year EBITDA growth forecast after third-quarter profit beats expectations

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Telia raises full-year EBITDA growth forecast after third-quarter profit beats expectations
Photo: Viktoria Bank/TT

The average forecast among analysts was SEK 8.8 billion in adjusted operating profit, according to Bloomberg.

Net sales rose to SEK 21.3 billion, from SEK 19.9 billion in the same quarter last year. This was higher than analysts' average forecast of SEK 20.7 billion.

"The financial results were slightly better than expected, driven by solid growth in service revenues and lower operating costs. As a result, we are raising our full-year outlook for EBITDA growth," says CEO Patrik Hofbauer.

The forecast has been raised to 3–4 percent, from 3 percent previously.

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By TT News Agency. English edition by Sweden Herald, adapted for our readers

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