Tele2's results for the month of may show continued strong growth across operations - Tele2

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Jun 13, 2002 9:00 AM CET

Tele2's results for the month of may show continued strong growth across operations

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 May 2002* 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 1,18 1,023 3,51 3,30 3,12 3,02 2,91 5 6 5 2 3 6 Eastern Europe & Russia 197 96 503 400 292 279 210 Central Europe 492 493 1,42 1,45 1,29 1,42 1,18 3 1 9 5 9 Southern Europe 676 498 1,86 1,56 1,40 1,41 1,20 8 6 6 5 4 Luxembourg 72 63 196 229 201 189 167 Branded products & 71 143 220 381 376 417 402 services Adjustments for sales -171 -185 -340 -406 -364 -535 -474 internal Total operating revenue 2,52 2,131 7,38 6,92 6,33 6,21 5,61 2 6 6 2 3 4 EBITDA 2002 2001* 2002 2001 2001 2001 2001 * * May May Q1 Q4 Q3 Q2 Q1 Nordic 419 290 1,09 1,07 1,07 833 780 8 9 6 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 & -8 -38 -90 -79 -53 -100 -177 services 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 & -11% -27% -41% -21% -14% -24% -44% services 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 Net intake customers 200 200 20 20 200 200 200 200 200 2 1 02 01 2 1 1 1 1 (in thousands) May May Chan Ma Ma Q1 Q4 Q3 Q2 Q1 ge y y Nordic 6,4 5,6 13% - 57 172 198 332 81 191 20 90 52 Eastern Europe & Russia 1,1 437 170% 44 43 105 422 93 124 79 80 Central Europe 3,4 2,8 21% 56 28 99 243 133 4 109 04 12 Southern Europe 4,6 3,6 28% 68 34 245 418 215 234 477 62 29 Luxembourg 219 183 20% 1 4 5 12 13 13 13 Total number of customers 15, 12, 25% 11 16 626 1,2 786 456 869 885 751 7 6 93 TELE2 IN SWEDEN* (MSEK) *Optimal Telecom is included from January 1, 2002 200 2001 2002 2001 2001 2001 2001 2* ** May May Q1 Q4 Q3 Q2 Q1 OPERATING REVENUE Mobile telephony 554 431 1,58 1,51 1,56 1,377 1,27 9 3 0 0 Fixed telephony and 316 285 1,04 853 726 782 822 Internet 8 Cable Television 19 20 58 49 39 26 43 Total Tele2 in 889 736 2,69 2,41 2,32 2,185 2,13 Sweden 5 5 5 5 EBITDA Mobile telephony 314 215 874 808 897 730 676 Fixed telephony and 90 80 216 220 161 141 153 Internet Cable Television 4 4 4 19 -15 -19 2 Total Tele2 in 408 299 1,09 1,04 1,04 852 831 Sweden 4 7 3 EBITDA margin Mobile telephony 57% 50% 55% 53% 58% 53% 53% Fixed telephony and 28% 28% 21% 26% 22% 18% 19% Internet Cable Television 21% 20% 7% 39% -38% -73% 5% Total Tele2 in 46% 41% 41% 43% 45% 39% 39% Sweden * 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 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/06/13/20020613BIT00030/wkr0001.doc http://www.waymaker.net/bitonline/2002/06/13/20020613BIT00030/wkr0003.pdf

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