Tele2 Reports H1 688390

STOCKHOLM -- Tele2 AB, (Tele2), (NASDAQ OMX Stockholm: TEL2 A and TEL2 B) today announced its consolidated results for the second quarter 2011.

Financial highlights
Net sales amounted to SEK 9,998 (10,539) million corresponding to a growth excluding exchange rate difference and one-off items of 6 percent in the quarter. EBITDA in Q2 2011 amounted to SEK 2,711 (2,687) million, equivalent to an EBITDA margin of 27 (27) percent. EBITDA growth excluding exchange rate differences was 7 percent.

Record EBITDA contribution in market area Russia
In Q2 2011, Tele2 Russia added 720,000 (1,113,000) customers leading to a total customer base of 19.7 million. EBITDA amounted to a record SEK 1,115 (944) million, equivalent to an EBITDA margin of 39 (36) percent.

Robust mobile revenue growth in market area Nordic
Mobile revenue in Sweden grew by 10 percent, as customer demand for smartphones and data services remained strong during the quarter. Mobile customer intake in Norway was good, amounting to 8,000 (7,000).

Successful launch of Tele2's operations in Kazakhstan leads to record customer intake
During the quarter, Tele2 Kazakhstan launched commercial services in 5 out of 16 regions in the country. As a result, the customer intake jumped to 355,000 (-48,000) in the quarter.

Tele2 Netherlands finalized the integration of BBned
The integration of BBned will result in a more flexible organization, which will provide easy-to-use communication services to all segments.

Tele2 AB paid a total dividend of SEK 27 (5.85) per share
In May, Tele2 AB paid a total dividend of SEK 27 (5.85) per share comprised of an ordinary dividend of SEK 6.00 (3.85) per share and an extraordinary dividend of SEK 21.00 (2.00) per share.

Tele2 AB (Nasdaq: TLTO)