IN JULY FIXED LINE OPERATIONS in CONTINENTAL EUROPE aRE eBITDA POSITIVE ON A REGIONAL LEVEL - Tele2

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Aug 14, 2002 3:35 PM CET

IN JULY FIXED LINE OPERATIONS in CONTINENTAL EUROPE aRE eBITDA POSITIVE ON A REGIONAL LEVEL

New York and Stockholm - August 14 2002 - Tele2 AB ("Tele2", "the Group") (Nasdaq Stock Market: TLTOA and TLTOB and Stockholmsbörsen: TEL2A and TEL2B), the leading alternative pan-European telecommunications company, today announces a trading update for the month of July 2002.
 
  • EBITDA for July 2002 MSEK 456 (July 2001, MSEK 268) up 74%
  • MSEK 2,549. Revenue for July (2001, MSEK 2,074) up 23%
  • Total Customers at July 31, 2002, 16.2 million
  • Total EBITDA margin for July, 18%, for mobile in Sweden 55%, for fixed line and Internet in Sweden, 22%
 
Lars-Johan Jarnheimer, President and CEO of Tele2 AB stated:
 
"Once again we can proudly show a gradual improvement in the company's positive result. The significant development for July is that our fixed line operations in continental Europe are now EBITDA positive for the first time on a regional level."
 
Financial highlights
 


SEK millions
July
2002
July
2001
Operating Revenue
2,549
2,074
EBITDA (i)
456
268
 
(i) Earnings before interest, taxes, depreciation and amortization
 
MARKET AREAS (MSEK)
 


OPERATING REVENUE                
         
 
 
     
   
2002
2001
2002
2002
2001
2001
2001
   
July
July
Q2
Q1
Q4
Q3
Q2
                 
Nordic  
1,076
965
3,379
3,398
3,145
3,026
2,912
Eastern Europe & Russia  
200
102
588
494
389
284
272
Central Europe  
455
507
1,374
1,348
1,372
1,215
1,205
Southern Europe  
687
412
2,010
1,788
1,482
1,297
1,293
Luxembourg  
68
68
195
166
184
174
163
Branded products & services  
63
20
164
192
354
336
368
Total operating revenue  
2,549
2,074
7,710
7,386
6,926
6,332
6,213
                 
                 
EBITDA                
                 
   
2002
2001
2002
2002
2001
2001
2001
   
July
July
Q2
Q1
Q4
Q3
Q2
                 
Nordic  
393
351
1,204
1,098
1,079
1,076
833
Eastern Europe & Russia  
58
25
133
126
76
79
58
Central Europe  
-8
-38
-51
-27
-77
-119
-133
Southern Europe  
11
-71
-72
-181
-329
-295
-310
Luxembourg  
9
9
32
23
-37
33
-1
Branded products & services  
-7
-8
-39
-90
-79
-53
-100
Total EBITDA  
456
268
1,207
949
633
721
347
                 
                 
EBITDA margin                
                 
Nordic  
37%
36%
36%
32%
34%
36%
29%
Eastern Europe & Russia  
29%
25%
23%
26%
20%
28%
21%
Central Europe  
-2%
-7%
-4%
-2%
-6%
-10%
-11%
Southern Europe  
2%
-17%
-4%
-10%
-22%
-23%
-24%
Luxembourg  
13%
13%
16%
14%
-20%
19%
-1%
Branded products & services  
-11%
-40%
-24%
-47%
-22%
-16%
-27%
Total EBITDA margin  
18%
13%
16%
13%
9%
11%
6%


NUMBER OF CUSTOMERS
                     
 
Number of customers
      Net intake    
 
2002
2001
 
2002
2001
2002
2002
2001
2001
2001
(in thousands)
July
July
Change
July
July
Q2
Q1
Q4
Q3
Q2
                     
Nordic
6,452
5,866
10%
5
122
1
172
198
332
81
Eastern Europe & Russia
1,253
496
153%
36
15
116
105
422
93
124
Central Europe
3,437
2,768
24%
14
-47
133
99
243
133
4
Southern Europe
4,826
3,691
31%
83
38
212
245
418
215
234
Luxembourg
222
191
16%
1
5
5
5
12
13
13
Total number of customers
16,190
13,012
24%
139
133
467
626
1,293
786
456
 
 


TELE2 IN SWEDEN* (MSEK)
*Optimal Telecom is included from January 1, 2002
 
2002
2001
2002
2002
2001
2001
2001
 
July
July
Q2
Q1
Q4
Q3
Q2
               
OPERATING REVENUE
Mobile telephony
566
490
1,670
1,589
1,513
1,560
1,377
Fixed telephony and Internet
282
238
956
1,048
853
726
782
Cable Television
23
12
60
58
49
39
26
Total Tele2 in Sweden
871
740
2,686
2,695
2,415
2,325
2,185


EBITDA
Mobile telephony
310
294
938
874
808
897
730
Fixed telephony and Internet
61
56
219
216
220
161
141
Cable Television
5
-5
9
4
19
-15
-19
Total Tele2 in Sweden
376
345
1,166
1,094
1,047
1,043
852
 


EBITDA margin
Mobile telephony
55%
60%
56%
55%
53%
58%
53%
Fixed telephony and Internet
22%
24%
23%
21%
26%
22%
18%
Cable Television
22%
-42%
15%
7%
39%
-38%
-73%
Total Tele2 in Sweden
 
43%
47%
43%
41%
43%
45%
39%
Tele2 AB, formed in 1993, is the leading alternative pan-European telecommunications company offering fixed and mobile telephony, data network and Internet services under the brands Tele2, Tango and Comviq to 16.2 million people in 21 countries. Tele2 operates Datametrix, which specializes in systems integration, 3C Communications, operating public pay telephones and public Internet services; Transac, providing billing and transaction processing service; C³, offering co-branded pre-paid calling cards and Optimal Telecom, the price-guaranteed residential router device. The Group offers cable television services under the Kabelvision brand name and together with MTG, owns the Internet portal Everyday.com. The Company is listed on the Stockholmsbörsen, under TEL2A and TEL2B, and on the Nasdaq Stock Market under TLTOA and TLTOB.
 
CONTACTS:
 
Tele2 AB


Lars-Johan Jarnheimer Telephone: + 46 8 562 640 00
President and CEO, Tele2 AB  
Håkan Zadler Telephone: +46 8 562 640 00
CFO  
Andrew Best, Investor Relations, London Telephone: +44 7798 576378
 
Visit our web site at www.tele2.com
 

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