Telia’s quarterly core earnings top expectations

2022.07.20 08:25

FILE PHOTO: A flag flutters at the Telia telecommunication company offices in Helsinki, Finland, May 5, 2017. REUTERS/Ints Kalnins

STOCKHOLM (Reuters) – Nordic telecom operator Telia reported on Wednesday quarterly core earnings that exceeded market expectations, helped by growth in its telecom business.

Second-quarter adjusted EBITDA (earnings before interest, tax, depreciation and amortisation) rose 0.3% to 7.68 billion Swedish crowns ($752.28 million) from a year earlier, beating the mean forecast of 7.54 billion crowns, according to Refinitiv estimates.

($1=10.2089 Swedish crowns)

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