Tele2 4Q Sales SEK7.68B [MarketWatch]
TELE2 AB UNSP/ADR (TLTZY)
NASDAQ:AMEX Investor Relations:
tele2.com/investors
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Source: MarketWatch
The Sweden-based telecom company posted a net profit of 936 million Swedish kronor ($89.2 million) compared with SEK1.26 billion a year earlier and against the SEK865 million expected by analysts polled by FactSet. Advertisement Underlying earnings before interest, taxes, depreciation, amortization and the cost of leased assets, or Ebitdaal--the company's preferred metric--rose 5.7% to SEK2.62 billion, driven by end-user service revenue growth, partly offset by inflationary pressures. Revenue rose 3.1% to SEK7.68 billion, compared with an expected SEK7.61 billion. The company said it will gradually allocate more resources directly to its go-to-market efforts and less to maintaining and replacing legacy systems. Advertisement "We do see room for improvement in terms of the costs we incur to attract and retain customers, whether that be in terms of commissions in physical retail or cost of customer interactions with our staff and support services," Chief Executive Kjell Joh
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