NEW YORK and STOCKHOLM, Sweden, Feb. 16, 2005 (PRIMEZONE) -- Tele2 AB ("Tele2", "the Group") (Nasdaq:TLTOA) (Nasdaq:TLTOB) (Stockholmsborsen:TEL2A and TEL2B), the leading alternative pan-European telecom operator, today announced its consolidated results for the fourth quarter and full year ended December 31, 2004.
- Operating revenue for the full year increased by 16% to MSEK 43,033* (37,190**)
- Profit before tax for the full year increased by 73% to MSEK 2,681 (1,546**)
- Profit after tax for the full year amounted to MSEK 1,902 (2,396)
- Earnings per share after tax for the full year amounted to SEK 12.86 (16.20)
- Earnings per share excluding goodwill amortization amounted to SEK 25.72 (29.09)
- The Board of Directors proposes a dividend of SEK 5 (3) per share, a share split and a mandatory redemption program equivalent to SEK 10 per share, totalling SEK 15 per existing share
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Tele2 is Europe's leading alternative telecom operator. Tele2 always strives to offer the market's best prices. With our unique values, we provide cheap and simple telecom for all Europeans every day. We have close to 28 million customers in 24 countries. We offer products and services in fixed and mobile telephony, Internet access, data networks, cable TV and content services. Our main competitors are the former government monopolies. Tele2 was founded in 1993 by Jan Stenbeck and has been listed on Stockholmsborsen since 1996. The share has also been listed on Nasdaq since 1997. Tele2 always strives to offer the market's best prices. In 2004 we had operating revenue of SEK 43 billion and reported a profit (EBITDA) of SEK 6.6 billion.
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-0- CONTACT Lars-Johan Jarnheimer, President and CEO, Tele2 AB Telephone: + 46 (0)8 562 640 00 Hakan Zadler, CFO, Tele2 AB Telephone: + 46 (0)8 562 640 00 Investor enquiries Dwayne Taylor Telephone: + 44 (0)20 7321 5038 Lena Krauss Telephone: + 46 (0)8 562 000 45