Like in the previous quarters, the good news is that the revenue decline due to a continued roaming shortfall, in particular in Asia, was more than compensated by an opex reduction of 7%, resulting in a flat EBITDA.
The stock is still down by 12.5% compared to its pre-COVID-19 level, while the dividend is rising by 3%. We maintain our opinion at Buy on the stock.
02 Feb 2021
Opex savings in the Nordics compensate for a still challenging Asia
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Opex savings in the Nordics compensate for a still challenging Asia
Like in the previous quarters, the good news is that the revenue decline due to a continued roaming shortfall, in particular in Asia, was more than compensated by an opex reduction of 7%, resulting in a flat EBITDA.
The stock is still down by 12.5% compared to its pre-COVID-19 level, while the dividend is rising by 3%. We maintain our opinion at Buy on the stock.