Feb 7, 2012 7:00 AM CET
Stockholm - Tele2 AB, (Tele2), (NASDAQ OMX Stockholm: TEL2 A and TEL2 B) today announced its consolidated results for the full year and fourth quarter 2011.
"Today's results show the strength of Tele2. In Q4 net sales, less exchange rate adjustments, grew by 8 percent to SEK 10,839 (10,109) million and EBITDA reached SEK 2,791 (2,488) million, at a margin of 26 (25) percent.
This quarter also confirmed the momentum of Tele2's growth during 2011 with the completion of acquisitions in Norway (Network Norway), and in Austria (Silver Server), the launch of 12 out of 16 regions in Kazakhstan and the acquisition of spectrum in Sweden, Estonia, Lithuania, Latvia and Kazakhstan to contribute to our data strategies. We won 6 new regions in Russia, bringing our total to 43 (37)."
Net sales amounted to SEK 10,839 (10,109) million corresponding to a growth excluding exchange rate difference of 8 percent in the quarter. EBITDA in Q4 2011 amounted to SEK 2,791 (2,488) million, equivalent to an EBITDA margin of 26 (25) percent. EBITDA growth excluding exchange rate differences was 13 percent.
Strong EBITDA contribution in market area Russia
In Q4 2011, Tele2 Russia added 250,000 (755,000) customers leading to a total customer base of 20.6 (18.4) million. EBITDA amounted to SEK 1,209 (899) million, equivalent to an EBITDA margin of 40 (34) percent.
Robust mobile revenue growth in market area Nordic
Mobile revenue in Sweden grew by 7 percent, as customer demand for smartphones and data services remained strong during the quarter. Tele2 Norway and Network Norway were fully integrated in the quarter, creating the third largest mobile operator in the country.
Significant operational progress in market area Central Europe & Eurasia
During the quarter, Tele2 Kazakhstan continued its successful launch of new regions, resulting in a customer intake of 249,000 (114,000). The total customer base amounted to 1,371,000 (332,000). The Baltic countries drove further cost cutting in the quarter, maintaining their firm EBITDA margin development.
Improved margin development in fixed broadband in market area Western Europe
Tele2 Netherlands expanded its fixed broadband margin further to 36 (29) percent thanks to further scale benefits from the BBned acquisition. In the quarter, Tele2 Austria announced the acquisition of Silver Server, strengthening its position in the business segment.
The Board of Directors proposed a dividend for 2011 amounting to SEK 13.00
The Board of Tele2 AB decided to recommend an increase in the ordinary dividend of 8 percent to SEK 6.50 (6.00) per share in respect of the financial year 2011. The Board also decided to recommend an extraordinary dividend of SEK 6.50 (21.00).
The Interim report is available on reports.tele2.com/2011/Q4
Tele2 will host a conference call, with an interactive presentation, for the global financial community at 10.00 am CET (09.00 am UK time/04.00 am NY time) on Tuesday, February 7, 2012. The conference call will be held in English and also made available as an audiocast on Tele2's dedicated Q4 2011 website, reports.tele2.com/2011/Q4.
To ensure that you are connected to the conference call, please dial in a few minutes before the start of the conference call to register your attendance.
Sweden: +46 8 505 598 53
UK: +44 203 043 24 36
US: +1 866 458 40 87
President & CEO
Telephone: + 46 (0)8 5620 0060
Telephone: +46 (0)8 5620 0060
Group Director, Corporate Communication
Telephone: + 46 (0)8 5620 0042
Tele2 is one of Europe 's leading telecom OPERATORS, always providing the best deal. We have 34 million customers in 11 countries. Tele2 offers mobile services, fixed broadband and telephony, data network services, cable TV and content services. Ever since Jan Stenbeck founded the company in 1993, it has been a tough challenger to the former government monopolies and other established providers. Tele2 has been listed on the NASDAQ OMX Stockholm since 1996. In 2011, we had net sales of SEK 41 billion and reported an operating profit (EBITDA) of SEK 10.9 billion.
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