TeliaSonera January-September 2004

TeliaSonera January-September 2004

Effective January 1, 2004, TeliaSonera applies IFRS 3, which means that goodwill amortization (GWA) has been discontinued.

Nine-month period
· Net sales increased 1 percent to SEK 61,184 million (60,718).
· Operating income, excluding non-recurring items and GWA, increased to SEK 15,783 million (14,634).
· Net income increased to SEK 10,873 million (4,975) and earnings per share climbed to SEK 2.33 (1.06). In the comparative period, GWA was SEK 3,133 million.
· Strong customer growth year on year:
- 1 million new customers in the Nordic and Baltic operations.
- 11 million new customers in Eurasia, Russia and Turkey.

Third quarter
· Net sales increased 3 percent to SEK 20,649 million.
· Operating income, excluding non-recurring items3) and GWA, improved to SEK 5,898 million (5,190).
· EBITDA4) margin improved to 39.8 percent (39.4).
· The shareholding in Omnitel was increased to 100 percent. Orange in Denmark was acquired at the beginning of October.
· Approximately SEK 10 billion repurchase of shares through a public offer to be proposed to the Annual General Meeting in April 2005.


Questions regarding content in the reports:
TeliaSonera AB
Investor Relations
SE-106 63 Stockholm, Sweden
Tel. +46 8 504 550 00
Fax +46 8 611 46 42
www.teliasonera.com/ir

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