STOCKHOLM, Sweden, Oct. 27, 2004 (PRIMEZONE) -- Effective January 1, 2004, TeliaSonera applies IFRS 3, which means that goodwill amortization (GWA) has been discontinued.
Nine-month period -- Net sales increased 1 percent to SEK 61,184 million (60,718). -- Operating income, excluding non-recurring items and GWA, increased to SEK 15,783 million (14,634). -- Net income increased to SEK 10,873 million (4,975) and earnings per share climbed to SEK 2.33 (1.06). In the comparative period, GWA was SEK 3,133 million. -- Strong customer growth year on year: -- 1 million new customers in the Nordic and Baltic operations. -- 11 million new customers in Eurasia, Russia and Turkey. Third quarter -- Net sales increased 3 percent to SEK 20,649 million. -- Operating income, excluding non-recurring items3) and GWA, improved to SEK 5,898 million (5,190). -- EBITDA4) margin improved to 39.8 percent (39.4). -- The shareholding in Omnitel was increased to 100 percent. Orange in Denmark was acquired at the beginning of October. -- Approximately SEK 10 billion repurchase of shares through a public offer to be proposed to the Annual General Meeting in April 2005.
Questions regarding content in the reports: TeliaSonera AB Investor Relations SE--106 63 Stockholm, Sweden Tel. +46 8 504 550 00 Fax +46 8 611 46 42 www.teliasonera.com/ir
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