The pandemic’s impacts on revenue and EBITDA were limited in Q2, except for the recently bought TV-related operations (10% of Telia’s revenues and 5% of its EBITDA) whose revenues and EBITDA have decreased by 30% yoy. Q2 EBITDA was, indeed, unchanged yoy and lfl, reflecting the medium-term structural initiatives taken by management. So, we believe Telia could see its EBITDA increase slightly in 2020 and we maintain our Buy on the stock (still 15% below its February prices).
17 Jul 2020
A stable EBITDA despite a severe COVID-19 impact on TV operations
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A stable EBITDA despite a severe COVID-19 impact on TV operations
Telia Company AB (TELIA1:HEL) | 0 0 0.9% | Mkt Cap: 163,504m
- Published:
17 Jul 2020 -
Author:
Jean-Michel Salvador -
Pages:
3
The pandemic’s impacts on revenue and EBITDA were limited in Q2, except for the recently bought TV-related operations (10% of Telia’s revenues and 5% of its EBITDA) whose revenues and EBITDA have decreased by 30% yoy. Q2 EBITDA was, indeed, unchanged yoy and lfl, reflecting the medium-term structural initiatives taken by management. So, we believe Telia could see its EBITDA increase slightly in 2020 and we maintain our Buy on the stock (still 15% below its February prices).