In continuing operations, net sales decreased 5.1 percent to SEK 79,867 million (84,178). Net sales in local currencies and excluding acquisitions and disposals, increased 0.4 percent. The positive effect from exchange rate fluctuations was 0.8 percent and the negative effect of acquisitions and disposals was 6.3 percent, mainly related to the disposal of Yoigo in Spain.

Service revenues in local currencies, excluding acquisitions and disposals, decreased 0.6 percent as growth in mobile service revenues in most markets was not enough to mitigate pressure on traditional fixed telephony revenues, lower fiber installation revenues in Sweden, and the decline of low margin voice revenues in Telia Carrier. Excluding the decline in fiber installation revenues in Sweden, service revenues in local currencies and excluding acquisitions and disposals, would have increased by 0.2 percent.

Net sales
SEK in millions

Jan-Dec 2017

Jan-Dec 2016

Change 
(SEK 
million)

Change 
(%), total

Change (%), of which

Local organic

M&A 
effects

FX 
effects

Sweden

36,825

37,251

-426

-1.1

-1.3

0.2

0.0

Finland

13,742

13,042

700

5.4

2.1

1.4

1.8

Norway

10,128

9,057

1,071

11.8

2.4

8.0

1.4

Denmark

5,945

5,880

65

1.1

-0.7

1.8

Lithuania

3,557

3,268

289

8.9

7.0

1.9

Estonia

2,824

2,733

90

3.3

1.6

-0.1

1.8

Other operations

9,047

15,299

-6,252

-40.9

-0.1

-41.4

0.6

Telia Carrier

5,956

6,227

-271

-4.3

-4.6

0.3

Latvia

1,953

1,788

165

9.2

7.3

1.9

Spain

0

6,073

-6,073

Other

1,138

1,210

-72

-6.0

16.8

0.0

Eliminations

-2,201

-2,352

151

-6.4

-2.9

-4.3

0.7

Total, continuing operations

79,867

84,178

-4,311

-5.1

0.4

-6.3

0.8