Five-year summary

Telia Company Group
Financial data

2016

2015

2014

20137

20127

Income (SEK in millions)1

         

Net sales

84,178

86,569

81,131

101,870

104,898

Operating income

21,090

14,606

17,743

24,462

28,400

EBITDA excluding non-recurring items

25,836

25,281

24,364

35,584

36,171

EBITDA

29,813

23,992

23,453

33,656

35,074

Net income from continuing operations

16,433

9,532

12,219

Net income from discontinued operations

-9,937

673

3,379

Net income

6,496

10,205

15,599

16,767

21,168

           

Financial position (SEK in millions)2

         

Goodwill and other intangible assets

70,947

67,933

86,161

81,522

83,278

Property, plant and equipment

58,107

55,093

69,669

64,792

62,657

Other non-current assets

50,421

50,824

54,592

46,681

49,738

Current assets

73,955

80,167

61,645

59,833

57,373

Total assets

253,430

254,017

272,066

252,828

253,046

Total equity

94,869

102,202

116,364

112,934

109,106

of which attributable to owners of the parent

89,833

97,884

111,383

108,324

105,150

Non-current liabilities

101,734

109,175

118,163

103,226

108,409

Current liabilities

56,826

42,641

37,539

36,668

35,531

Total equity and liabilities

253,430

254,017

272,066

252,828

253,046

           

Capital employed, continuing and discontinued operations

184,900

193,486

208,365

192,134

193,056

Operating capital, continuing and discontinued operations

136,041

144,609

155,683

143,154

144,020

Net debt, continuing and discontinued operations

50,756

55,717

59,320

55,774

59,444

           

Cash flows (SEK in millions)3

         

Cash flow from operating activities

25,970

35,249

29,252

31,036

38,879

Cash flow from investing activities

-7,428

-28,985

-21,979

-14,644

-6,359

Cash flow from financing activities

-22,491

-9,628

-10,269

-15,013

-15,231

Cash flow for the year

-3,949

-3,363

-2,997

1,379

17,289

           

Free cash flow

7,267

16,550

13,046

16,310

23,740

of which from discontinued operations

116

4,030

4,905

           

Investments (SEK in millions)4

         

CAPEX

15,625

14,595

11,955

16,332

15,685

Acquisitions and other investments

483

5,818

1,210

1,461

1,905

Total investments

16,108

20,413

13,165

17,793

17,590

           

Key ratios5

         

Return on equity (%)

4.5

9.3

15.0

15.9

20.5

Return on capital employed (%)

7.7

8.9

12.2

13.5

14.9

Equity/assets ratio (%)

34.0

35.1

38.0

39.5

38.2

Net debt/equity ratio (%)

58.9

62.5

57.4

55.8

61.4

Net debt/EBITDA rate excl. non-recurring items

1.69

1.53

1.68

1.57

1.64

Net debt/assets ratio

20.0

21.9

21.8

22.1

23.5

Owners’ equity per share (SEK)

20.75

22.61

25.72

25.02

24.28

           

Share data

         

Number of outstanding shares (millions)

         

– at the end of the period

4,330.1

4,330.1

4,330.1

4,330.1

4,330.1

– average, basic

4,330.1

4,330.1

4,330.1

4,330.1

4,330.1

– average, diluted

4,330.1

4,330.1

4,330.1

4,330.1

4,330.1

Basic and diluted total earnings per share (SEK)

0.86

1.97

3.35

3.46

4.59

Cash dividend per share (SEK)6

2.00

3.00

3.00

3.00

2.85

Total cash dividend (SEK in millions)6

8,660

12,990

12,990

12,990

12,341

Pay-out ratio (%)8

121

152

90

87

62

1) Former segment region Eurasia is classified as held for sale and discontinued operations since December 31, 2015, and is therefore presented on one line in the income statement 2016, 2015 and 2014. The above presented income statement line items for 2016, 2015 and 2014 refer to continuing operations if not otherwise stated.
2) Assets and liabilities in former segment region Eurasia are presented separately on two line items in the consolidated statement of financial position as of December 31, 2016 and Decemer 31, 2015. The Sergel companies (Sergel) are classified as assets held for sale since June 30, 2016. In the above presented balance sheet line items assets classified as held for sale and liabilities directly associated with assets classified as held for sale are included in current assets and current liabilities.
3) Cash flow information is presented including discountinued operations.
4) 2016, 2015 and 2014 including continuing operations only.
5) Key ratios are based on the total Telia Company group including both continuing and discontinued operations for 2014, 2015 and 2016. The definition for the key ratio Return on capital employed was changed during 2014 (see Definitions), only 2013, 2014, 2015 and 2016 have been calculated with the current definition.
6) For 2016 as proposed by the Board of Directors.
7) 2012-2013 are not restated to reflect classification of former segment region Eurasia as discontinued operations.
8) For 2016, the Board of Directors proposes to the Annual General Meeting an ordinary dividend of 2.00 SEK, or 121 percent of free cash flow attributable to continuing operations, due to this the definition of paid-out ratio has been changed. 2012-2015 has not been recalculated.

 

Telia Company Group

Operational data

2016

2015

2014

2013

2012

Mobile services

         

Total subscriptions (thousands)1

16,695

20,033

19,179

19,337

20,537

of which Sweden

         

Mobile telephony, total subscriptions (thousands)2

6,207

6,119

6,186

6,171

6,587

Mobile telephony, blended churn (%)

17

19

19

19

15

Mobile telephony, ARPU (SEK)

209

206

200

198

190

of which Finland

         

Mobile telephony, subscriptions (thousands)

3,253

3,306

3,281

3,245

3,249

Mobile telephony, blended churn (%)

23

21

21

21

26

Mobile telephony, ARPU (EUR)

17

16

17

18

19

of which Norway3

         

Mobile telephony, subscriptions (thousands)

2,211

2,311

1,344

1,532

1,641

Mobile telephony, ARPU (NOK)

252

259

283

258

248

of which other countries

         

Mobile telephony, subscriptions, Denmark (thousands)

1,606

1,644

1,581

1,522

1,462

Mobile telephony, subscriptions, Lithuania (thousands)

1,318

1,327

1,378

1,546

1,953

Mobile telephony, subscriptions, Latvia (thousands)

1,200

1,119

1,097

1,066

1,070

Mobile telephony, subscriptions, Estonia (thousands)

901

863

841

821

868

Mobile telephony, subscriptions, Spain (thousands)

3,344

3,471

3,434

3,707

Fixed services

         

Broadband, total subscriptions (thousands)

2,559

2,589

2,543

2,416

2,545

of which

         

Broadband, subscriptions, Sweden (thousands)

1,299

1,306

1,275

1,208

1,175

Broadband, subscriptions, Finland (thousands)

497

527

561

532

501

Broadband, subscriptions, Norway (thousands)

184

Broadband, subscriptions, Denmark (thousands)

128

135

114

99

87

Broadband, subscriptions, Lithuania (thousands)4

402

390

369

355

385

Broadband, subscriptions, Estonia (thousands)

233

231

224

222

213

Fixed telephony, total subscriptions (thousands)5

2,565

2,838

3,034

3,247

3,452

of which

         

Fixed telephony, subscriptions, Sweden (thousands)

1,675

1,896

2,054

2,209

2,347

Fixed telephony, subscriptions, Finland (thousands)

65

80

99

108

125

Fixed telephony, subscriptions, Denmark (thousands)

101

114

122

121

125

Fixed telephony, subscriptions, Lithuania (thousands)

417

447

468

504

540

Fixed telephony, subscriptions, Estonia (thousands)

307

301

291

305

315

Human Resources6

         

Number of employees as of December 31

26,017

26,895

26,166

26,013

27,838

Average number of full-time employees during the year

24,898

25,450

24,973

25,319

26,793

of whom, in Sweden

8,109

8,172

7,977

8,122

8,486

of whom, in Finland

3,276

3,326

3,577

3,745

4,231

of whom, in other countries

13,513

13,953

13,419

13,452

14,076

of whom, women

10,227

10,777

10,579

10,958

11,465

of whom, men

14,670

14,673

14,394

14,361

15,328

Salaries and remuneration (SEK in millions)

9,534

9,408

9,746

9,400

9,863

Employer’s social security contributions (SEK in millions)

2,056

1,992

1,893

1,900

1,835

Salaries and employer’s social security contributions
as a percentage of operating costs

13.2

12.6

14.4

14.0

14.2

Net sales per employee (SEK in thousands)

3,929

4,220

4,047

4,023

3,915

Operating income per employee (SEK in thousands)

518

639

908

966

1,056

Net income per employee (SEK in thousands)

261

401

625

662

790

1) The definition of number of mobile prepaid subscriptions was changed in 2015. 2013 and 2014 were restated for comparability in 2015. Prepaid subscriptions are counted if the subscriber has been active during the last three months.

2) As a result of a review of certain types of mobile subscriptions in Sweden the operational data for number of subscriptions has for 2015 been restated for comparability.

3) As a result of a review of certain types of mobile subscriptions in Norway the operational data for number of subscriptions has for 2014 been restated for comparability. 2014 and 2015 have also been restated to reflect the discovery of certain classification errors between net sales and cost of sales referring to insurance sales in Norway.

4) The definition for number of broadband subscriptions in Lithuania was changed in 2015. 2013 and 2014 were restated for comparability in 2015.

5) Fixed telephony subscriptions include PSTN and VoIP.

6) HR data is based on the total Telia Company group including both continuing and discontinued operations.