Revenue growth and improved profitability

Net sales in reported currency increased 3.3 percent to SEK 2,824 million (2,733). Service revenues increased 1.1 percent in local currency, excluding acquisitions and disposals, driven by a strong development within mobile billed revenues in the consumer segment. Also fixed service revenues contributed positively with an increase of 7.2 percent in local currency, excluding acquisitions and disposals, despite pressure from declining fixed telephony revenues.

The adjusted EBITDA, increased by 5.7 percent in local currency, excluding acquisitions and disposals, as a result of the revenue growth and cost efficiency measures taken. The adjusted EBITDA margin increased to 30.9 percent (29.7).

The number of mobile subscriptions increased by 25,000, broadband subscriptions increased by 5,000, and TV subscriptions increased by 8,000.

Telia Estonia was awarded the best mobile network in Estonia.

SEK in millions,
except margins, operational data and changes

Jan–Dec
2017

Jan–Dec
2016

Chg

(%)

Net sales

2,824

2,733

3.3

Change (%) local organic

1.6

   

of which service revenues (external)

2,182

2,080

4.9

change (%) local organic

3.2

   

Adjusted EBITDA

871

811

7.5

Margin (%)

30.9

29.7

 

change (%) local organic

5.7

   

Adjusted operating income

360

309

16.3

CAPEX excluding license and spectrum fees

452

358

26.1

Subscriptions, (thousands)

     

Mobile

925

901

2.7

of which machine to machine (postpaid)

214

202

6.0

Fixed telephony

279

307

-9.1

Broadband

238

233

2.1

TV

185

177

4.5

Employees

1,871

1,916

-2.3