|Bid||2.3380 x 499200|
|Ask||2.3500 x 497500|
|Day's Range||2.2860 - 2.2860|
|52 Week Range||2.2860 - 3.9740|
|Beta (5Y Monthly)||0.10|
|PE Ratio (TTM)||17.58|
|Forward Dividend & Yield||0.18 (7.81%)|
|Ex-Dividend Date||Apr 06, 2023|
|1y Target Est||N/A|
Swedish telecom operator Telia Company on Thursday reported fourth-quarter core profit slightly below estimates, proposed a lower dividend and said it would cut 1,500 jobs this year, more than previously planned. Since 2021, Telia, which employs about 20,000 regular staff and consultants, has been reducing 1,000 positions every year as part of a restructuring plan to reduce costs. "The vast majority of them is done in the first quarter so that we can benefit over the course of the fiscal year," Chief Executive Allison Kirkby said in an interview.
Swedish telecom operator Telia on Tuesday said it had initiated talks with unions in Sweden, Finland and Norway for further potential job cuts as part of a restructuring plan announced two years ago. The current layoffs would impact around 100 positions in Finland, 150 in Sweden, and 70 in Norway, a source familiar with the matter told Reuters. Chief Executive Officer Allison Kirkby has raised investor hopes that she can spur growth and shareholder returns.
Swedish telecom operator Telia on Friday trimmed its outlook for 2022 and 2023 citing high electricity costs that eroded its quarterly profit and said it expected energy costs to stay elevated for next year. Electricity prices have hit record levels in Europe after Russia's invasion of Ukraine and a fall in nuclear power production in several countries. "We basically saw a tripling of energy prices in the quarter on average, and we have got 70% hedge, but still got such volatility going on," CEO Allison Kirkby said in an interview.