Telia Q4 core profit just above forecast

STOCKHOLM: Nordic telecom operator Telia Company on Friday reported quarterly core earnings just above its previous guidance, and said it expected earnings to be flat or grow by low single digit in 2021.

Fourth-quarter adjusted EBITDA (earnings before interest, tax, depreciation and amortisation) was 7.48 billion Swedish crowns ($894.18 million) compared with 7.91 billion a year earlier.

Telia said last week that adjusted EBITDA would be broadly in line with its outlook of around 30.5 billion crowns for 2020, implying around 7.28 billion for the quarter.