TELE2's RESULTS FOR THE MONTH OF MAY SHOW continued strong growth ACROSS OPERATIONS - Tele2

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Jun 13, 2002 8:00 AM CET

TELE2's RESULTS FOR THE MONTH OF MAY SHOW continued strong growth ACROSS OPERATIONS

New York and Stockholm - June 13 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 May 2002.
 
  • EBITDA for May 2002 MSEK 423 (includes MSEK 29 relating to court case with Telia), (May 2001, MSEK 179)
  • MSEK 2,522* Revenue for May (2001, MSEK 2,131)
  • Total Customers at May 31st 2002, 15,885 thousand
  • Total EBITDA margin for May, 17 %, for mobile in Sweden 57%, for fixed line and Internet in Sweden, 28%
  • Fixed telephony and Internet in Central Europe shows EBITDA of MSEK 7 for May 2002
Lars-Johan Jarnheimer, President and CEO of Tele2 AB stated:
 
"We have announced results for the month of May to demonstrate that we are developing according to our stated plans. In Central Europe it is now confirmed that we will be able to offer local calls in Germany, partially from 1 July and fully from 1 December this year, and in the Netherlands from 1 August, therefore we have held back marketing activities in the region to the third and fourth quarters. This improvement in EBITDA for the month builds on the strong first quarter and a strong month in April. When seen in context of the continued customer intake, it shows that Tele2 continues to achieve the dual target of profitability and customer growth. One month shows the levels, but is too short a period from which to project trends."
 
Financial highlights


SEK millions
May
2002*
May
2001
Operating Revenue
2,522
2,131
EBITDA (i)
423
179
 
(i) Earnings before interest, taxes, depreciation and amortization
 
*) Sales and EBITDA include MSEK 29 relating to Tele2 winning a case in the administrative court against Telia regarding payment principles for interconnection
 
 




MARKET AREAS (MSEK)
                   
OPERATING REVENUE
                   
   
2002*
2001**
 
2002
2001
2001
2001
2001
   
May
May
 
Q1
Q4
Q3
Q2
Q1
                   
Nordic  
1,185
1,023
 
3,516
3,305
3,122
3,023
2,916
Eastern Europe & Russia  
197
96
 
503
400
292
279
210
Central Europe  
492
493
 
1,423
1,451
1,299
1,425
1,189
Southern Europe  
676
498
 
1,868
1,566
1,406
1,415
1,204
Luxembourg  
72
63
 
196
229
201
189
167
Branded products & services  
71
143
 
220
381
376
417
402
Adjustments for sales internal  
-171
-185
 
-340
-406
-364
-535
-474
Total operating revenue  
2,522
2,131
 
7,386
6,926
6,332
6,213
5,614
                   
EBITDA
                   
   
2002*
2001**
 
2002
2001
2001
2001
2001
   
May
May
 
Q1
Q4
Q3
Q2
Q1
                   
Nordic  
419
290
 
1,098
1,079
1,076
833
780
Eastern Europe & Russia  
36
11
 
126
76
79
58
59
Central Europe  
-17
-32
 
-27
-77
-119
-133
-277
Southern Europe  
-24
-54
 
-181
-329
-295
-310
-397
Luxembourg  
17
2
 
23
-37
33
-1
10
Branded products & services  
-8
-38
 
-90
-79
-53
-100
-177
Total EBITDA  
423
179
 
949
633
721
347
-2
                   
EBITDA margin
                   
Nordic  
35%
28%
 
31%
33%
34%
28%
27%
Eastern Europe & Russia  
18%
11%
 
25%
19%
27%
21%
28%
Central Europe  
-3%
-6%
 
-2%
-5%
-9%
-9%
-23%
Southern Europe  
-4%
-11%
 
-10%
-21%
-21%
-22%
-33%
Luxembourg  
24%
3%
 
12%
-16%
16%
-1%
6%
Branded products & services  
-11%
-27%
 
-41%
-21%
-14%
-24%
-44%
Total EBITDA margin  
17%
8%
 
13%
9%
11%
6%
0%
* In May 2002 there were 20 working days as compared to 21 working days in April.
** In May 2001 there were 21 working days as compared to 19 working days in April.


NUMBER OF CUSTOMERS
                         
 
Number of customers
 
Net intake
 
2002
2001
     
2002
2001
2002
2001
2001
2001
2001
(in thousands)
May
May
 
Change
 
May
May
Q1
Q4
Q3
Q2
Q1
                         
Nordic
6,420
5,690
 
13%
 
-52
57
172
198
332
81
191
Eastern Europe & Russia
1,180
437
 
170%
 
44
43
105
422
93
124
79
Central Europe
3,404
2,812
 
21%
 
56
28
99
243
133
4
109
Southern Europe
4,662
3,629
 
28%
 
68
34
245
418
215
234
477
Luxembourg
219
183
 
20%
 
1
4
5
12
13
13
13
Total number of customers
15,885
12,751
 
25%
 
117
166
626
1,293
786
456
869
 


TELE2 IN SWEDEN* (MSEK)
*Optimal Telecom is included from January 1, 2002


                   
     
2002*
2001**
2002
2001
2001
2001
2001
     
May
May
Q1
Q4
Q3
Q2
Q1
                   
OPERATING REVENUE
                   
Mobile telephony    
554
431
1,589
1,513
1,560
1,377
1,270
Fixed telephony and Internet  
316
285
1,048
853
726
782
822
Cable Television    
19
20
58
49
39
26
43
Total Tele2 in Sweden    
889
736
2,695
2,415
2,325
2,185
2,135
                   
EBITDA
                   
Mobile telephony    
314
215
874
808
897
730
676
Fixed telephony and Internet  
90
80
216
220
161
141
153
Cable Television    
4
4
4
19
-15
-19
2
Total Tele2 in Sweden    
408
299
1,094
1,047
1,043
852
831
                   
EBITDA margin
                   
Mobile telephony    
57%
50%
55%
53%
58%
53%
53%
Fixed telephony and Internet  
28%
28%
21%
26%
22%
18%
19%
Cable Television    
21%
20%
7%
39%
-38%
-73%
5%
Total Tele2 in Sweden    
46%
41%
41%
43%
45%
39%
39%
* In May 2002 there were 20 working days as compared to 21 working days in April.
** In May 2001 there were 21 working days as compared to 19 working days in April.
 
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 15.9 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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