New Street Research - Telia Company (TELIA) New Street: Telia (Neutral, TP: SEK40, +25%) Q3 22: Energy cost drag leads to guidance cut

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New Street Research

Russell Waller

EUR 9344.00 For Business Accounts Only

New Street: Telia (Neutral, TP: SEK40, +25%) Q3 22: Energy cost drag leads to guidance cut

Telia has reported a solid set of Q3 numbers, with numbers in-line adjusting for a one-off in Sweden, but has changed guidance to now exclude energy costs, which were a 3.8pp drag to EBITDA in Q3, and are currently expected to be c2pp drag to 2023 EBITDA.

21/10/2022 1 EN

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Telia Company

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New Street Research

Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.

New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:

Pan European Telecom Services and Cable
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Global Emerging Market Telecoms
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Pan European Telecom Services and Cable

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Analysts

Russell Waller

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New Street: Telia (Neutral, TP: SEK40, +25%) Q3 22: Energy cost drag leads to guidance cut

New Street: EU Telecoms: Why are energy costs leading to guidance cuts when spot prices are falling?

New Street: EU Telecoms Inflationary cost update: electricity costs are down, prices are rising

Charter Model Update

CHTR: quick thoughts following the call

Altice France (SFR)/Orange/Iliad/Bouygues ARCEP 2023 customer survery results

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