Telia Surpasses First Quarter Profit Expectations
The Swedish telecom operator reported a 4% increase in adjusted EBITDA to 7.94 billion crowns today. Growth was driven by strong service demand and cost cuts.
The major telecommunications provider AB SA has exceeded market expectations for its first-quarter financial performance. Based in Sweden, the operator reported a rise in core earnings attributed to robust service revenue growth and a strategic reduction in operational expenses.
For the first quarter, the company's adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) rose by 4.0% on a like-for-like basis. The final figure reached 7.94 billion Swedish crowns ($856.78 million), surpassing the 7.84 billion crowns projected by analysts in a company-compiled poll.
