STOCKHOLM, Sweden, Feb. 11, 2005 (PRIMEZONE) -- TeliaSonera: Effective January 1, 2004, TeliaSonera applies IFRS 3, which means that goodwill amortization (GWA) has been discontinued.
- Net sales totaled SEK 81,937 million (81,772).
- Operating income increased to SEK 18,793 million (13,140).
- Net income increased to SEK 12,964 million (7,671) and earnings per share climbed to SEK 2.77 (1.64).
- Merger synergy target met.
- Strong customer growth:
- 1.5 million new customers in the Nordic and Baltic operations.
- 13 million new customers in Eurasia, Russia and Turkey.
- Acquisition of Orange in Denmark, full ownership in Omnitel and con-solidation of Eesti Telekom.
- To increase future competitiveness, measures have now been initiated to bring down annual costs by SEK 5-6 billion with full effect in three years.
- Proposed dividend SEK 1.20 per share (SEK 1.00 in total).
- Approximately SEK 10 billion repurchase of shares through a public offer to be proposed to the Annual General Meeting in April 2005 as earlier communicated.
To view the full press release with all financial tables visit the following link:
http://wpy.waymaker.net/client/waymaker1/WOLReleaseFile.aspx?id=71362&fn=wkr0010.pdf
This information was brought to you by Waymaker http://www.waymaker.net
The following files are available for download:
http://wpy.waymaker.net/client/waymaker1/WOLReleaseFile.aspx?id=71362&fn=wkr0010.pdf
The full report