July 18, 2019 / 5:18 AM / 4 months ago

Telia second quarter core profit just above forecast

STOCKHOLM (Reuters) - Nordic telecom group Telia Company (TELIA.ST) posted second-quarter core earnings just above expectations on Thursday and repeated its forecast for 2019.

Profit before interest, tax, depreciation and amortisation (EBITDA) was 7.52 billion Swedish crowns (645.9 million pounds) excluding non-recurring items, up from 6.44 billion a year ago, and compared to a forecast of 7.48 billion in a Refinitiv poll.

Excluding the positive impact from IFRS 16, adjusted EBITDA, on a like-for-like basis regarding exchange rates, acquisitions and disposals, fell 2 percent from a year ago.

Reporting by Helena Soderpalm; editing by Johannes Hellstrom

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