Telia : Financial & Operational data 2022 Q4 (Excel)

January 26, 2023 at 07:23 am

Contents

1/26/23

Financial & Operational data 2022 Q4

Not reviewed by auditors

Restatements

Group Income Statement

Group Balance Sheet

Group Cash Flow Statement

Group Financial KPIs

Group Operational KPIs

Telia Company

Sweden

Finland

Norway

Denmark

Lithuania

Estonia

TV and Media

Other operations

Latvia

Telia Carrier

Foreign exchange rates

Definitions

Contact information:

Telia Company / Investor Relations

Anders Nilsson

anders.h.nilsson@teliacompany.com

Tel. +46 727 26 26 25

mailto:anders.h.nilsson@teliacompany.com

Restatements

Restatements performed in the quarter
Restatements	Location (excel sheet)	Referring to period
As a result of a reorganization employees and CAPEX have been moved from TV and Media to Other operations. Therefore a restatement of CAPEX from TV and Media to Other operations has been performed (net neutral for the group)	Group Financial KPIs, TV and Media and Other Operations	Q1 2020 - Q3 2022
The table above provides an overview of any restatements performed in the quarter. Please update your model also with the historical
figures for the period(s) for which the restatement(s) refers to

Group Income Statement

Group Income Statement
2020	2021	2022	2020	2021	2022
SEK in millions, except per share data and number of shares	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	FY	FY	FY
Net sales	22,427	21,770	21,530	23,464	21,814	21,877	21,271	23,380	21,818	22,293	22,456	24,261	89,191	88,343	90,827
Cost of sales	-14,486	-13,831	-13,389	-15,431	-14,481	-13,980	-13,861	-15,989	-14,057	-14,050	-14,433	-17,404	-57,138	-58,311	-59,944
Gross profit	7,941	7,938	8,141	8,033	7,333	7,897	7,410	7,391	7,761	8,242	8,023	6,857	32,053	30,031	30,883
Selling, admin. and R&D expenses	-5,607	-5,484	-4,983	-5,627	-5,261	-5,468	-4,640	-5,475	-5,261	-5,351	-4,761	-5,741	-21,701	-20,843	-21,115
Other operating income and expenses, net	-355	-236	-6	-7,524	-300	6,578	-165	-173	-76	-79	-96	-19,036	-8,122	5,940	-19,287
Income from associated companies and joint ventures	400	-3,178	616	-17,919	24	23	29	28	14	18	23	47	-20,080	104	102
Operating income	2,378	-959	3,768	-23,037	1,795	9,031	2,634	1,772	2,437	2,831	3,188	-17,874	-17,850	15,232	-9,417
Finance costs and other financial items, net	-681	-927	-712	-998	-688	-678	-677	-590	-1,030	-710	-784	-841	-3,318	-2,634	-3,366
Income after financial items	1,698	-1,886	3,055	-24,035	1,107	8,353	1,957	1,181	1,407	2,121	2,404	-18,715	-21,168	12,598	-12,783
Income taxes	-374	-153	-504	-358	-154	-453	-335	4	-321	-437	-521	-102	-1,390	-937	-1,381
Net income from continuing operations	1,323	-2,039	2,551	-24,393	953	7,900	1,622	1,185	1,086	1,684	1,883	-18,818	-22,558	11,661	-14,165
Discontinued operations
Net income from discontinued operations	-199	0	0	-80	0	176	0	-0	0	-0	-0	0	-279	176	0
Total net income	1,124	-2,039	2,551	-24,474	953	8,076	1,622	1,185	1,086	1,684	1,883	-18,818	-22,837	11,836	-14,165
Net income attributable to:
Owners of the parent	1,088	-2,063	2,499	-24,517	944	8,039	1,575	1,122	929	1,524	1,710	-18,801	-22,993	11,680	-14,638
Non-controlling interests	37	23	53	43	9	37	47	63	157	160	174	-17	156	156	474
Earnings per share (SEK), basic and diluted	0.27	-0.50	0.61	-5.99	0.23	1.97	0.39	0.27	0.23	0.37	0.42	-4.78	-5.62	2.86	-3.63
of which continuing operations	0.31	-0.50	0.61	-5.98	0.23	1.92	0.39	0.27	0.23	0.37	0.42	-4.78	-5.55	2.81	-3.63
Number of shares (thousands):
Outstanding at period-end	4,089,632	4,089,632	4,089,632	4,089,632	4,089,632	4,089,632	4,089,632	4,089,632	4,089,632	4,079,785	3,990,248	3,932,109	4,089,632	4,089,632	3,932,109
Weighted average, basic and diluted	4,092,575	4,089,632	4,089,632	4,089,632	4,089,632	4,089,632	4,089,632	4,089,632	4,089,632	4,086,259	4,028,219	3,937,141	4,090,367	4,089,632	4,035,313
Continuing operations
EBITDA	7,071	7,305	8,042	7,556	6,778	14,006	7,476	6,890	7,030	7,499	7,871	7,016	29,974	35,151	29,417
Adjusted EBITDA	7,224	7,697	8,151	7,411	7,179	7,655	7,738	7,290	7,202	7,681	8,070	7,374	30,482	29,861	30,328
Depreciation, amortization and impairment losses	-5,092	-5,087	-4,890	-12,674	-5,007	-4,999	-4,871	-5,146	-4,607	-4,686	-4,706	-24,937	-27,744	-20,023	-38,936
Adjusted Operating income	2,641	2,926	3,317	2,573	2,195	2,696	2,896	2,246	2,609	3,014	3,387	2,322	11,457	10,033	11,332
Discontinued operations
Net sales	96	0	0	0	0	0	0	0	0	0	0	0	96	0	0
Adjusted EBITDA	30	0	0	0	0	0	0	0	0	0	0	0	30	0	0
Net income	-199	0	0	-80	0	176	0	0	0	0	0	0	-279	176	0
Capital expenditures excl. licenses, spectrum fees and right of use assets	9	0	0	0	0	0	0	0	0	0	0	0	9	0	0

Group Balance Sheet

Group Balance Sheet
Dec 31, 2021	Dec 31, 2022
SEK in millions
Assets
Goodwill and other intangible assets	89,943	74,547
Property, plant and equipment	72,741	74,824
Film and program rights, non-current	1,416	2,299
Right-of-use assets	15,485	16,549
Investments in associated companies and joint ventures, pension obligation assets and other non-current assets	4,749	8,171
Deferred tax assets	1,302	1,071
Long-term interest-bearing receivables	9,244	7,629
Total non-current assets	194,879	185,090
Film and program rights, current	3,005	3,022
Inventories	2,040	2,918
Trade and other receivables and current tax receivables	13,902	15,216
Short-term interest-bearing receivables	8,841	9,676
Cash and cash equivalents	14,358	6,871
Assets classified as held for sale	-	-
Total current assets	42,146	37,703
Total assets	237,025	222,793
Equity and liabilities
Equity attributable to owners of the parent	80,731	64,239
Equity attributable to non-controlling interests	2,812	3,434
Total equity	83,544	67,673
Long-term borrowings	91,637	94,555
Deferred tax liabilities	10,185	10,514
Provisions for pensions and other long-term provisions	7,001	5,022
Other long-term liabilities	1,914	2,289
Total non-current liabilities	110,736	112,379
Short-term borrowings	10,017	7,007
Trade payables and other current liabilities, current tax payables and short-term provisions	32,729	35,734
Liabilities directly associated with assets classified as held for sale	-	-
Total current liabilities	42,746	42,741
Total equity and liabilities	237,025	222,793

Group Cash Flow Statement

Group Cash Flow Statement
Total Group	2020	2021	2022	2020	2021	2022
SEK in millions	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	FY	FY	FY
Adjusted EBITDA continuing operations	7,224	7,697	8,151	7,411	7,179	7,655	7,738	7,290	7,202	7,681	8,070	7,374	30,482	29,861	30,328
Adjusted EBITDA discontinued operations	30	0	0	0	0	0	0	0	0	0	0	0	30	0	0
Adjustment for amortization of Film and program rights	1,281	652	789	1,334	1,072	966	1,030	1,908	1,513	1,208	962	1,875	4,057	4,977	5,557
Dividends received from associated companies	177	0	-0	41	0	151	0	-0	0	135	0	0	218	152	136
Interest paid (net)	-937	-322	-563	-813	-735	-495	-578	-662	-909	-389	-667	-603	-2,634	-2,470	-2,568
Income taxes paid	-505	-249	-117	-503	-743	-500	-215	-487	-580	-622	-249	-81	-1,374	-1,946	-1,532
Payment of restructuring provisions	-106	-128	-118	-133	-105	-168	-119	-101	-108	-138	-68	-74	-485	-493	-388
Difference between paid/recorded pensions	4	-373	17	-387	18	-373	26	-419	-40	-407	13	-461	-740	-748	-896
Change in working capital	915	-138	100	2,297	1,736	387	-74	972	222	-416	-651	110	3,173	3,020	-735
Amortization of Film and program rights	-1,281	-652	-789	-1,334	-1,072	-966	-1,030	-1,908	-1,513	-1,208	-962	-1,875	-4,057	-4,977	-5,557
Other items net	315	-260	-138	17	124	-489	-181	545	184	-273	-297	43	-66	-0	-343
Cash flow from operating activities	7,117	6,227	7,332	7,929	7,474	6,168	6,598	7,137	5,972	5,571	6,151	6,307	28,604	27,376	24,001
of which from discontinued operations	22	0	0	0	0	-131	0	0	0	0	0	0	22	-131	0
Cash CAPEX	-2,900	-3,482	-2,969	-4,140	-3,625	-3,400	-3,141	-5,481	-3,205	-3,678	-3,673	-5,351	-13,490	-15,647	-15,908
Free cash flow	4,217	2,745	4,363	3,789	3,849	2,769	3,457	1,655	2,766	1,893	2,478	956	15,114	11,729	8,094
of which from discontinued operations	17	0	0	0	0	-131	0	0	0	0	0	0	17	-131	0
Cash flow from other investing activities	4,368	2,029	195	3,651	-1,984	7,612	-1,640	751	-1,390	1,783	3,342	2,236	10,243	4,739	5,971
Cash flow from investing activities	1,469	-1,453	-2,774	-489	-5,609	4,212	-4,781	-4,730	-4,596	-1,895	-331	-3,115	-3,247	-10,908	-9,936
of which from discontinued operations	-5	0	0	0	0	0	0	0	0	0	0	0	-5	0	0
Cash flow before financing activities	8,586	4,773	4,558	7,440	1,865	10,380	1,817	2,406	1,376	3,676	5,820	3,192	25,358	16,468	14,065
Cash flow from financing activities	-3,799	-5,862	-1,680	-11,757	-1,552	-6,116	-906	-2,026	-7,757	-627	-7,301	-6,094	-23,098	-10,600	-21,779
of which from discontinued operations	-2	0	0	0	0	0	0	0	0	0	0	0	-2	0	0
Cash flow for the period	4,787	-1,089	2,877	-4,317	313	4,265	911	380	-6,381	3,049	-1,480	-2,902	2,259	5,868	-7,714
of which from discontinued operations	15	0	0	0	0	-131	0	0	0	0	0	0	15	-131	0
Continuing operations	2020	2021	2022	2020	2021	2022
SEK in millions	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	FY	FY	FY
Adjusted EBITDA	7,224	7,697	8,151	7,411	7,179	7,655	7,738	7,290	7,202	7,681	8,070	7,374	30,482	29,861	30,328
Adjustment for amortization of Film and program rights	1,281	652	789	1,334	1,072	966	1,030	1,908	1,513	1,208	962	1,875	4,057	4,977	5,557
Dividends received from associated companies	177	0	-0	41	0	151	0	-0	0	135	0	0	218	152	136
Interest paid net (incl. payments of interest on lease liabilities)	-935	-322	-563	-813	-735	-495	-578	-662	-909	-389	-667	-603	-2,633	-2,470	-2,568
Income taxes paid	-505	-249	-117	-503	-743	-500	-215	-487	-580	-622	-249	-81	-1,374	-1,946	-1,532
Payment of restructuring provisions	-106	-128	-118	-133	-105	-168	-119	-101	-108	-138	-68	-74	-485	-493	-388
Difference between paid/recorded pensions	4	-373	17	-387	18	-373	26	-419	-40	-407	13	-461	-740	-748	-896
Change in working capital	909	-138	100	2,297	1,736	387	-74	972	222	-416	-651	110	3,167	3,020	-735
Amortization of Film and program rights	-1,281	-652	-789	-1,334	-1,072	-966	-1,030	-1,908	-1,513	-1,208	-962	-1,875	-4,057	-4,977	-5,557
Other items net	327	-260	-138	17	124	-358	-181	545	184	-273	-297	43	-53	131	-343
Cash flow from operating activities	7,095	6,227	7,332	7,929	7,474	6,299	6,598	7,137	5,972	5,571	6,151	6,307	28,583	27,507	24,001
Cash CAPEX	-2,895	-3,482	-2,969	-4,140	-3,625	-3,400	-3,141	-5,481	-3,205	-3,678	-3,673	-5,351	-13,485	-15,647	-15,908
Free cash flow	4,200	2,745	4,363	3,789	3,849	2,900	3,457	1,655	2,766	1,893	2,478	956	15,097	11,861	8,094
Add back: cash CAPEX from licenses from continuing operations	0	112	14	46	868	52	15	331	185	9	262	57	172	1,266	513
Deduction: dividends from associates from continuing operations	-177	-0	0	-41	-0	-151	-0	0	-0	-135	0	-0	-218	-152	-136
Add back: taxes paid on dividends from associates from continuing operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deduction: repayment of lease liabilities	-717	-655	-645	-938	-680	-743	-534	-616	-788	-639	-688	-632	-2,955	-2,574	-2,748
Operational free cash flow	3,307	2,202	3,732	2,856	4,036	2,057	2,937	1,371	2,163	1,127	2,052	381	12,095	10,401	5,723

Group Financial KPIs

Group Financial KPIs
Net sales	2020	2021	2022	2020	2021	2022
SEK in millions	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	FY	FY	FY
Sweden	8,322	8,351	8,202	8,857	8,401	8,492	8,424	9,133	8,548	8,641	8,698	9,225	33,732	34,451	35,112
Finland	3,897	3,769	3,617	3,977	3,542	3,549	3,612	3,801	3,630	3,655	3,723	4,182	15,260	14,504	15,190
Norway	3,428	3,229	3,358	3,357	3,309	3,343	3,478	3,658	3,649	3,662	3,859	3,851	13,373	13,788	15,022
Denmark	1,430	1,324	1,308	1,403	1,281	1,242	1,287	1,403	1,275	1,269	1,371	1,383	5,464	5,214	5,298
Lithuania	996	1,047	1,032	1,076	999	1,052	1,100	1,169	1,113	1,171	1,203	1,297	4,151	4,320	4,784
Estonia	825	796	801	854	778	826	836	891	868	867	922	980	3,276	3,331	3,637
TV and Media	1,874	1,583	1,632	2,340	1,904	2,271	1,878	2,594	2,031	2,333	1,898	2,567	7,429	8,648	8,829
Other operations	2,246	2,204	2,090	2,175	2,144	1,576	957	1,046	988	1,002	1,061	1,153	8,715	5,723	4,204
Telia Carrier	1,360	1,373	1,232	1,270	1,261	683	0	0	0	0	0	0	5,235	1,944	0
Latvia	606	555	609	611	608	603	632	719	697	714	784	871	2,381	2,562	3,065
Eliminations & other	281	276	249	294	275	290	325	327	291	288	277	282	1,100	1,216	1,138
Eliminations & other	-591	-534	-510	-575	-545	-475	-300	-316	-285	-307	-281	-376	-2,211	-1,635	-1,248
The Group	22,427	21,770	21,530	23,464	21,814	21,877	21,271	23,380	21,818	22,293	22,456	24,261	89,191	88,343	90,827
Growth like for like regarding exchange rates, acquisitions and disposals (%)	0.5%	1.8%
Service revenues (External)	2020	2021	2022	2020	2021	2022
SEK in millions	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	FY	FY	FY
Sweden	7,434	7,469	7,286	7,544	7,233	7,336	7,337	7,677	7,380	7,446	7,429	7,597	29,734	29,582	29,852
Finland	3,302	3,233	3,085	3,231	2,991	3,017	3,007	3,110	3,092	3,117	3,155	3,418	12,851	12,125	12,782
Norway	2,964	2,760	2,851	2,763	2,756	2,827	2,913	3,014	3,146	3,137	3,298	3,223	11,338	11,510	12,803
Denmark	1,053	992	966	965	921	937	981	968	990	994	1,044	1,051	3,976	3,807	4,079
Lithuania	795	804	780	788	781	811	840	841	862	905	924	972	3,167	3,272	3,663
Estonia	680	655	649	643	642	665	684	698	729	725	749	791	2,627	2,689	2,994
TV and Media	1,874	1,582	1,633	2,340	1,904	2,271	1,878	2,594	2,031	2,333	1,898	2,564	7,429	8,647	8,826
Other operations	1,614	1,634	1,482	1,491	1,519	1,019	490	517	528	510	532	557	6,221	3,546	2,127
Telia Carrier	1,138	1,153	1,018	1,043	1,055	542	0	0	0	0	0	0	4,352	1,597	0
Latvia	388	381	388	365	380	378	396	395	409	418	442	459	1,523	1,548	1,729
Eliminations & other	88	100	76	82	85	100	94	123	119	91	90	98	346	401	399
Eliminations & other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
The Group	19,716	19,129	18,733	19,765	18,747	18,883	18,130	19,420	18,757	19,167	19,028	20,174	77,342	75,180	77,126
Growth like for like regarding exchange rates, acquisitions and disposals (%)	0.7%	2.1%
Adjusted EBITDA	2020	2021	2022	2020	2021	2022
SEK in millions	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	FY	FY	FY
Sweden	3,382	3,297	3,412	3,326	3,197	3,268	3,353	3,541	3,337	3,358	3,394	3,419	13,418	13,359	13,508
Finland	1,151	1,218	1,274	1,146	1,063	1,038	1,179	1,042	1,111	1,130	1,140	1,063	4,789	4,322	4,443
Norway	1,360	1,494	1,615	1,502	1,524	1,507	1,652	1,556	1,666	1,591	1,846	1,647	5,971	6,240	6,750
Denmark	226	254	269	265	212	217	235	242	235	248	268	321	1,015	906	1,072
Lithuania	373	375	380	370	368	368	404	370	401	414	419	453	1,497	1,511	1,688
Estonia	290	281	302	281	292	299	313	292	326	323	340	341	1,153	1,196	1,330
TV and Media	-2	311	249	200	120	575	191	-7	-191	345	234	-112	758	878	277
Other operations	443	467	650	321	402	382	410	254	318	271	429	242	1,881	1,449	1,260
Telia Carrier	228	243	213	225	214	156	0	0	0	0	0	0	909	371	0
Latvia	199	175	204	201	196	192	211	241	206	218	202	264	778	840	890
Eliminations & other	16	49	234	-105	-8	34	199	13	111	54	227	-22	194	238	370
Eliminations & other	1	-0	0	-0	0	0	0	0	0	-0	0	-0	1	0	-0
The Group	7,224	7,697	8,151	7,411	7,179	7,655	7,738	7,290	7,202	7,681	8,070	7,374	30,482	29,861	30,328
Growth like for like regarding exchange rates, acquisitions and disposals (%)	-2.0%	0.0%
Adjusted EBITDA margin	2020	2021	2022	2020	2021	2022
(%)	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	FY	FY	FY
Sweden	40.6%	39.5%	41.6%	37.6%	38.1%	38.5%	39.8%	38.8%	39.0%	38.9%	39.0%	37.1%	39.8%	38.8%	38.5%
Finland	29.5%	32.3%	35.2%	28.8%	30.0%	29.3%	32.6%	27.4%	30.6%	30.9%	30.6%	25.4%	31.4%	29.8%	29.3%
Norway	39.7%	46.3%	48.1%	44.7%	46.1%	45.1%	47.5%	42.5%	45.7%	43.4%	47.8%	42.8%	44.6%	45.3%	44.9%
Denmark	15.8%	19.2%	20.6%	18.9%	16.6%	17.5%	18.3%	17.2%	18.4%	19.5%	19.5%	23.2%	18.6%	17.4%	20.2%
Lithuania	37.4%	35.8%	36.8%	34.4%	36.8%	35.0%	36.8%	31.7%	36.1%	35.4%	34.9%	34.9%	36.1%	35.0%	35.3%
Estonia	35.2%	35.2%	37.7%	32.8%	37.5%	36.2%	37.5%	32.8%	37.5%	37.2%	36.9%	34.8%	35.2%	35.9%	36.6%
TV and Media	-0.1%	19.7%	15.2%	8.6%	6.3%	25.3%	10.1%	-0.3%	-9.4%	14.8%	12.3%	-4.3%	10.2%	10.2%	3.1%
Other operations	19.7%	21.2%	31.1%	14.8%	18.8%	24.3%	42.9%	24.3%	32.2%	27.1%	40.4%	21.0%	21.6%	25.3%	30.0%
Telia Carrier	16.8%	17.7%	17.3%	17.7%	17.0%	22.8%	-	-	-	-	-	-	17.4%	19.1%	-
Latvia	32.8%	31.5%	33.5%	32.9%	32.3%	31.9%	33.4%	33.5%	29.6%	30.5%	25.7%	30.3%	32.7%	32.8%	29.0%
Eliminations & other	5.8%	17.7%	93.8%	-35.7%	-3.1%	11.8%	61.4%	4.1%	38.3%	18.6%	81.9%	-7.8%	17.6%	19.6%	32.5%
Eliminations & other	-0.2%	0.1%	-0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	-0.0%	0.1%	-0.0%	0.0%	0.0%
The Group	32.2%	35.4%	37.9%	31.6%	32.9%	35.0%	36.4%	31.2%	33.0%	34.5%	35.9%	30.4%	34.2%	33.8%	33.4%
EBITDA	2020	2021	2022	2020	2021	2022
SEK in millions	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	FY	FY	FY
Sweden	3,328	3,247	3,382	3,450	3,084	3,254	3,271	3,505	3,278	3,341	3,371	3,409	13,408	13,114	13,399
Finland	1,152	1,182	1,273	1,173	1,048	1,335	1,182	1,043	1,073	1,106	1,117	1,017	4,780	4,607	4,313
Norway	1,326	1,458	1,571	1,456	1,457	1,494	1,643	1,487	1,658	1,546	1,830	1,638	5,811	6,081	6,672
Denmark	226	242	270	260	199	205	228	94	241	252	251	256	998	726	999
Lithuania	370	373	375	366	376	368	401	361	402	415	414	450	1,484	1,506	1,681
Estonia	289	279	300	278	288	298	312	291	325	391	340	340	1,147	1,190	1,396
TV and Media	-8	285	238	178	99	526	184	-16	-190	340	231	-129	694	792	253
Other operations	387	240	633	395	228	6,527	256	125	242	110	317	36	1,654	7,135	704
Telia Carrier	228	243	213	222	214	6,579	0	-20	0	0	0	0	906	6,772	0
Latvia	199	175	204	201	196	192	211	241	206	218	202	264	778	840	890
Eliminations & other	-40	-179	216	-28	-183	-244	45	-95	35	-108	115	-228	-30	-478	-186
Eliminations & other	1	-0	0	-0	0	0	0	0	0	-0	0	-0	1	0	-0
The Group	7,071	7,305	8,042	7,556	6,778	14,006	7,476	6,890	7,030	7,499	7,871	7,016	29,974	35,151	29,417
Depreciation, amortization and write-downs	2020	2021	2022	2020	2021	2022
SEK in millions	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	FY	FY	FY
Sweden	-1,661	-1,698	-1,671	-1,620	-1,867	-1,932	-1,859	-1,868	-1,673	-1,706	-1,725	-2,404	-6,650	-7,526	-7,508
Finland	-906	-814	-784	-8,587	-803	-815	-820	-810	-872	-877	-876	-10,402	-11,091	-3,247	-13,028
Norway	-1,150	-1,099	-1,009	-1,126	-1,026	-977	-935	-953	-1,022	-998	-977	-9,526	-4,383	-3,892	-12,523
Denmark	-247	-255	-247	-284	-250	-234	-253	-288	-238	-253	-249	-855	-1,033	-1,026	-1,595
Lithuania	-156	-157	-147	-259	-192	-185	-187	-190	-206	-207	-206	-212	-718	-754	-831
Estonia	-185	-177	-169	-173	-164	-163	-164	-173	-159	-173	-149	-186	-705	-663	-668
TV and Media	-194	-191	-208	-221	-206	-203	-204	-167	-192	-204	-199	-503	-814	-779	-1,098
Other operations	-595	-696	-656	-404	-500	-490	-449	-697	-244	-267	-325	-849	-2,351	-2,136	-1,685
Eliminations & other	-0	-0	0	0	0	0	0	0	0	0	0	0	-0	0	0
The Group	-5,092	-5,087	-4,890	-12,674	-5,007	-4,999	-4,871	-5,146	-4,607	-4,686	-4,706	-24,937	-27,744	-20,023	-38,936
Income from associated companies and joint ventures	2020	2021	2022	2020	2021	2022
SEK in millions	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	FY	FY	FY
Sweden	-0	0	0	0	-0	0	-0	-0	-0	-0	-0	0	0	-0	-1
Finland	-0	-7	1	-3	-3	-2	0	0	-0	0	0	-0	-9	-6	-0
Norway	-2	1	4	2	0	-1	1	3	-1	0	0	-0	5	3	-0
Denmark	-0	0	0	0	-0	0	0	0	-0	0	0	1	1	1	2
Lithuania	-1	-9	0	0	0	0	0	0	0	-0	0	0	-9	0	0
Estonia	2	-0	1	1	2	3	3	1	2	2	2	0	4	9	6
TV and Media	0	0	0	0	0	-1	0	-0	0	-1	0	-1	1	-1	-1
Other operations	400	-3,163	610	-17,920	26	24	24	23	13	16	21	47	-20,073	97	96
of which Russia	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
of which Turkey	356	-3,207	560	-17,955	0	0	0	0	0	0	0	0	-20,246	0	0
of which Latvia	45	45	51	37	28	28	28	28	29	29	29	30	179	112	117
Eliminations & other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
The Group	400	-3,178	616	-17,919	24	23	29	28	14	18	23	47	-20,080	104	102
Adjusted Operating income	2020	2021	2022	2020	2021	2022
SEK in millions	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	FY	FY	FY
Sweden	1,721	1,600	1,741	1,706	1,330	1,336	1,494	1,672	1,663	1,652	1,669	1,438	6,768	5,833	6,422
Finland	355	397	490	356	257	221	359	232	238	253	263	161	1,599	1,069	915
Norway	209	395	610	378	498	529	718	606	644	594	868	621	1,593	2,351	2,727
Denmark	-21	-1	23	-19	-38	-17	-18	6	-4	-5	20	68	-17	-67	78
Lithuania	216	216	232	111	176	183	217	180	195	208	214	240	776	756	856
Estonia	107	103	135	108	130	139	153	120	169	151	193	155	453	542	669
TV and Media	-196	120	41	-21	-86	371	-13	-174	-383	141	35	-299	-55	99	-507
Other operations	248	96	45	-48	-72	-68	-14	-397	87	21	125	-60	340	-551	171
Eliminations & other	1	-0	0	-0	0	-0	0	0	0	-0	0	-0	1	0	-0
The Group	2,641	2,926	3,317	2,573	2,195	2,696	2,896	2,246	2,609	3,014	3,387	2,322	11,457	10,033	11,332
Operating income	2020	2021	2022	2020	2021	2022
SEK in millions	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	FY	FY	FY
Sweden	1,667	1,550	1,711	1,831	1,218	1,322	1,411	1,637	1,605	1,634	1,647	1,005	6,758	5,588	5,891
Finland	246	361	490	-7,417	241	518	362	233	201	229	240	-9,385	-6,320	1,354	-8,716
Norway	175	359	566	332	431	516	709	537	636	548	853	-7,888	1,432	2,192	-5,851
Denmark	-21	-14	24	-23	-52	-29	-25	-193	2	-2	2	-597	-34	-299	-594
Lithuania	214	207	227	107	184	182	214	171	196	208	209	237	756	752	850
Estonia	106	102	133	106	126	138	152	120	168	219	193	154	446	536	734
TV and Media	-201	94	30	-43	-107	322	-20	-183	-382	135	32	-633	-120	13	-847
Other operations	192	-3,619	587	-17,930	-247	6,060	-169	-549	10	-141	13	-767	-20,770	5,096	-884
Eliminations & other	1	-0	0	-0	0	0	0	-0	0	-0	0	-0	1	0	-0
The Group	2,378	-959	3,768	-23,037	1,795	9,031	2,634	1,772	2,437	2,831	3,188	-17,874	-17,850	15,232	-9,417
Capital expenditures excl. right of use assets	2020	2021	2022	2020	2021	2022
SEK in millions	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	FY	FY	FY
Sweden	623	701	615	866	1,317	731	683	1,716	759	878	773	901	2,806	4,446	3,312
Finland	272	549	475	463	344	435	433	622	321	425	376	444	1,759	1,833	1,566
Norway	458	529	580	883	586	748	1,668	1,035	532	614	674	1,111	2,450	4,037	2,932
Denmark	93	136	43	79	43	444	136	199	253	99	151	195	351	823	698
Lithuania	83	98	95	107	64	126	145	334	92	130	443	190	383	669	854
Estonia	85	94	78	117	52	95	73	197	55	99	177	155	374	417	486
TV and Media	45	47	34	65	23	28	23	47	20	31	62	68	192	121	182
Other operations	1,231	1,395	1,099	1,520	1,257	1,381	1,230	1,787	1,424	1,706	1,385	1,983	5,245	5,655	6,499
Eliminations & other	0	0	0	4	0	0	1	-2	0	0	-0	0	4	-1	0
The Group	2,890	3,550	3,020	4,103	3,687	3,988	4,391	5,935	3,456	3,982	4,042	5,049	13,563	18,001	16,528
Capital expenditures excl. Licenses, spectrum fees and right of use assets	2020	2021	2022	2020	2021	2022
SEK in millions	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	FY	FY	FY
Sweden	623	701	615	866	556	731	683	1,716	759	878	773	901	2,806	3,685	3,312
Finland	272	478	476	463	344	435	433	622	321	425	376	444	1,689	1,833	1,566
Norway	458	520	580	883	586	748	665	1,043	532	614	674	1,111	2,441	3,043	2,932
Denmark	93	73	43	79	43	84	135	200	121	99	124	194	288	462	538
Lithuania	83	98	95	107	64	126	145	334	92	130	188	188	383	669	597
Estonia	85	94	78	117	52	95	73	197	55	99	88	133	374	417	374
TV and Media	45	47	34	65	23	28	23	47	20	31	62	68	192	121	182
Other operations	1,231	1,395	1,099	1,520	1,257	1,381	1,230	1,787	1,384	1,706	1,385	1,983	5,245	5,655	6,458
Eliminations & other	0	0	0	4	0	0	1	-2	0	0	-0	0	4	-1	0
The Group	2,890	3,406	3,021	4,104	2,926	3,628	3,388	5,944	3,285	3,982	3,670	5,022	13,421	15,885	15,959
Capital expenditures excl. right of use assets	2020	2021	2022	2020	2021	2022
in relation to external service revenues (%)	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	FY	FY	FY
Sweden	8.4%	9.4%	8.4%	11.5%	18.2%	10.0%	9.3%	22.4%	10.3%	11.8%	10.4%	11.9%	9.4%	15.0%	11.1%
Finland	8.2%	17.0%	15.4%	14.3%	11.5%	14.4%	14.4%	20.0%	10.4%	13.6%	11.9%	13.0%	13.7%	15.1%	12.3%
Norway	15.5%	19.2%	20.3%	32.0%	21.3%	26.5%	57.3%	34.3%	16.9%	19.6%	20.5%	34.5%	21.6%	35.1%	22.9%
Denmark	8.8%	13.8%	4.4%	8.2%	4.7%	47.4%	13.9%	20.6%	25.5%	10.0%	14.4%	18.6%	8.8%	21.6%	17.1%
Lithuania	10.4%	12.2%	12.2%	13.5%	8.2%	15.6%	17.3%	39.7%	10.6%	14.3%	47.9%	19.6%	12.1%	20.5%	23.3%
Estonia	12.5%	14.4%	11.9%	18.1%	8.1%	14.3%	10.6%	28.3%	7.5%	13.6%	23.7%	19.6%	14.2%	15.5%	16.2%
TV and Media	2.4%	3.0%	2.1%	2.8%	1.2%	1.2%	1.2%	1.8%	1.0%	1.3%	3.3%	2.7%	2.6%	1.4%	2.1%
Other operations	76.2%	85.4%	74.2%	102.0%	82.8%	135.5%	251.0%	345.4%	269.7%	334.5%	260.4%	355.8%	84.3%	159.5%	305.5%
Eliminations & other	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
The Group	14.7%	18.6%	16.1%	20.8%	19.7%	21.1%	24.2%	30.6%	18.4%	20.8%	21.2%	25.0%	17.5%	23.9%	21.4%
Capital expenditures excl. licenses, spectrum fees and right of use assets	2020	2021	2022	2020	2021	2022
in relation to external service revenues (%)	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	FY	FY	FY
Sweden	8.4%	9.4%	8.4%	11.5%	7.7%	10.0%	9.3%	22.4%	10.3%	11.8%	10.4%	11.9%	9.4%	12.5%	11.1%
Finland	8.2%	14.8%	15.4%	14.3%	11.5%	14.4%	14.4%	20.0%	10.4%	13.6%	11.9%	13.0%	13.1%	15.1%	12.3%
Norway	15.5%	18.8%	20.3%	32.0%	21.3%	26.5%	22.8%	34.6%	16.9%	19.6%	20.5%	34.5%	21.5%	26.4%	22.9%
Denmark	8.8%	7.3%	4.5%	8.2%	4.7%	9.0%	13.8%	20.6%	12.3%	10.0%	11.8%	18.4%	7.2%	12.1%	13.2%
Lithuania	10.4%	12.2%	12.2%	13.5%	8.2%	15.6%	17.3%	39.7%	10.6%	14.3%	20.3%	19.3%	12.1%	20.5%	16.3%
Estonia	12.5%	14.4%	11.9%	18.1%	8.1%	14.3%	10.6%	28.3%	7.5%	13.6%	11.7%	16.8%	14.2%	15.5%	12.5%
TV and Media	2.4%	3.0%	2.1%	2.8%	1.2%	1.2%	1.2%	1.8%	1.0%	1.3%	3.3%	2.7%	2.6%	1.4%	2.1%
Other operations	76.2%	85.4%	74.2%	102.0%	82.8%	135.5%	251.0%	345.4%	262.0%	334.5%	260.3%	355.7%	84.3%	159.5%	303.5%
Eliminations & other	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
The Group	14.7%	17.8%	16.1%	20.8%	15.6%	19.2%	18.7%	30.6%	17.5%	20.8%	19.3%	24.9%	17.4%	21.1%	20.7%

Group Operational KPIs

Group Operational KPIs
Mobile post-paid subscriptions	2020	2021	2022	2020	2021	2022
('000)	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	FY	FY	FY
Sweden	5,238	5,270	5,377	5,435	5,522	5,664	5,945	6,191	6,430	6,839	7,270	7,482	5,435	6,191	7,482
Finland	3,035	3,044	3,043	3,027	3,028	3,068	3,084	3,107	3,086	3,103	3,134	3,145	3,027	3,107	3,145
Norway	1,945	1,956	1,958	1,953	1,981	2,002	2,015	2,018	2,033	2,075	2,103	2,109	1,953	2,018	2,109
Denmark	1,458	1,472	1,484	1,494	1,496	1,542	1,603	1,620	1,627	1,631	1,671	1,712	1,494	1,620	1,712
Lithuania	1,081	1,088	1,098	1,104	1,116	1,136	1,164	1,236	1,245	1,265	1,270	1,278	1,104	1,236	1,278
Estonia	964	976	999	1,009	1,017	1,041	1,066	1,069	1,087	1,101	1,118	1,129	1,009	1,069	1,129
Latvia	1,115	1,112	1,126	1,136	1,155	1,165	1,174	1,185	1,190	1,201	1,220	1,213	1,136	1,185	1,213
The Group	14,836	14,917	15,086	15,158	15,314	15,618	16,052	16,426	16,698	17,214	17,787	18,069	15,158	16,426	18,069
Mobile post-paid subs. of which used for machine-to-machine services	2020	2021	2022	2020	2021	2022
('000)	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	FY	FY	FY
Sweden	1,135	1,167	1,258	1,306	1,426	1,560	1,833	2,120	2,360	2,737	3,166	3,395	1,306	2,120	3,395
Finland	265	270	280	277	281	290	297	309	315	329	354	381	277	309	381
Norway	90	95	101	107	116	124	129	125	134	165	181	196	107	125	196
Denmark	86	93	101	113	120	185	243	254	267	280	320	362	113	254	362
Lithuania	181	187	197	204	215	225	245	309	309	322	323	322	204	309	322
Estonia	315	324	346	353	357	375	393	396	416	424	435	448	353	396	448
Latvia	333	327	333	341	361	365	370	380	382	387	396	401	341	380	401
The Group	2,405	2,464	2,616	2,702	2,875	3,124	3,512	3,892	4,183	4,643	5,175	5,505	2,702	3,892	5,505
Mobile pre-paid subscriptions	2020	2021	2022	2020	2021	2022
('000)	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	FY	FY	FY
Sweden	851	830	830	811	770	754	744	723	688	688	685	654	811	723	654
Finland	130	124	136	138	127	127	132	127	122	128	142	135	138	127	135
Norway	328	310	307	294	281	274	277	271	269	272	276	270	294	271	270
Denmark	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Lithuania	268	267	286	294	268	273	284	282	287	317	331	326	294	282	326
Estonia	111	104	106	103	104	107	114	117	123	131	137	137	103	117	137
Latvia	189	177	174	171	166	162	164	162	159	171	183	186	171	162	186
The Group	1,876	1,811	1,839	1,811	1,717	1,697	1,715	1,681	1,648	1,706	1,754	1,708	1,811	1,681	1,708
Mobile subscriptions	2020	2021	2022	2020	2021	2022
('000)	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	FY	FY	FY
Sweden	6,089	6,100	6,207	6,246	6,292	6,418	6,689	6,914	7,117	7,527	7,955	8,136	6,246	6,914	8,136
Finland	3,165	3,167	3,179	3,165	3,155	3,195	3,216	3,234	3,208	3,231	3,276	3,280	3,165	3,234	3,280
Norway	2,273	2,265	2,265	2,247	2,262	2,277	2,292	2,289	2,302	2,346	2,379	2,379	2,247	2,289	2,379
Denmark	1,458	1,472	1,484	1,494	1,496	1,542	1,603	1,620	1,627	1,631	1,671	1,712	1,494	1,620	1,712
Lithuania	1,349	1,354	1,385	1,398	1,385	1,409	1,449	1,518	1,532	1,582	1,602	1,604	1,398	1,518	1,604
Estonia	1,075	1,080	1,105	1,112	1,121	1,148	1,180	1,186	1,209	1,232	1,255	1,266	1,112	1,186	1,266
Latvia	1,304	1,289	1,301	1,307	1,320	1,327	1,338	1,347	1,349	1,372	1,403	1,399	1,307	1,347	1,399
The Group	16,713	16,728	16,925	16,968	17,031	17,315	17,767	18,107	18,346	18,921	19,540	19,776	16,968	18,107	19,776
Mobile post-paid ARPU	2020	2021	2022	2020	2021	2022
(local currency/month)	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	FY	FY	FY
Sweden (SEK)	246	241	242	241	239	244	244	248	248	249	249	251	242	244	249
Finland (EUR)	19.3	19.1	18.9	19.3	18.8	18.8	18.5	18.7	18.4	18.8	18.8	19.1	19.2	18.7	18.8
Norway (NOK)	273	266	277	273	267	269	285	283	285	283	293	284	272	276	286
Denmark (DKK)	126	119	119	118	118	119	123	122	123	123	125	124	121	121	124
Lithuania (EUR)	10.4	10.4	10.6	11.0	10.8	11.0	11.3	11.4	11.2	11.8	12.0	12.0	10.6	11.1	11.8
Estonia (EUR)	12.2	11.8	11.6	11.5	11.6	11.6	11.8	11.9	12.0	12.1	12.3	12.7	11.8	11.7	12.3
Latvia (EUR)	13.1	12.8	12.9	12.8	13.5	12.8	13.2	13.5	13.4	13.5	13.6	15.8	12.9	13.2	14.1
Mobile pre-paid ARPU	2020	2021	2022	2020	2021	2022
(local currency/month)	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	FY	FY	FY
Sweden (SEK)	70	85	78	93	72	72	76	72	69	74	77	74	81	73	74
Finland (EUR)	4.7	5.2	5.6	6.0	5.3	5.5	6.2	5.7	6.1	6.4	6.4	6.1	5.4	5.7	6.3
Norway (NOK)	132	138	151	150	136	143	151	155	144	153	156	150	142	146	151
Denmark (DKK)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Lithuania (EUR)	3.1	3.0	3.3	3.2	3.2	3.5	3.7	3.8	3.9	3.9	4.0	4.3	3.1	3.5	4.0
Estonia (EUR)	3.0	3.1	3.4	3.3	3.4	3.4	3.4	3.2	3.1	3.3	3.2	3.2	3.2	3.3	3.2
Latvia (EUR)	5.2	4.8	5.6	5.5	5.3	5.7	6.0	5.6	5.3	5.5	5.3	3.3	5.3	5.6	4.9
Mobile blended ARPU	2020	2021	2022	2020	2021	2022
(local currency/month)	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	FY	FY	FY
Sweden (SEK)	215	214	215	216	212	217	218	221	222	224	224	226	215	217	224
Finland (EUR)	18.6	18.5	18.3	18.6	18.2	18.2	17.9	18.1	17.9	18.2	18.2	18.5	18.5	18.1	18.2
Norway (NOK)	252	247	259	256	250	252	268	267	268	267	276	267	253	259	269
Denmark (DKK)	126	119	119	118	118	119	123	122	123	123	125	124	121	121	124
Lithuania (EUR)	8.7	8.7	8.8	9.1	9.0	9.2	9.5	9.6	9.5	9.9	9.9	10.0	8.8	9.3	9.8
Estonia (EUR)	10.9	10.5	10.5	10.4	10.5	10.5	10.6	10.7	10.7	10.7	10.8	11.1	10.6	10.6	10.8
Latvia (EUR)	11.5	11.3	11.6	11.5	12.0	11.6	12.0	12.2	12.1	12.1	12.1	13.5	11.5	12.0	12.4
Mobile blended churn	2020	2021	2022	2020	2021	2022
(%)	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	FY	FY	FY
Sweden	19	16	14	18	20	17	16	19	18	14	16	20	17	18	17
Finland	23	19	22	24	21	21	22	24	26	20	22	24	22	22	23
Norway	24	22	22	27	19	19	19	20	20	19	21	25	24	19	21
Denmark	19	26	25	25	22	30	25	26	27	26	25	26	24	25	26
Lithuania	35	33	33	35	40	32	34	37	36	34	43	46	34	36	39
Estonia	25	22	22	21	20	20	19	19	22	20	23	23	23	19	22
Latvia	30	28	30	27	26	26	27	26	28	27	32	37	29	26	31
PSTN subscriptions	2020	2021	2022	2020	2021	2022
('000)	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	FY	FY	FY
Sweden	464	441	415	387	360	320	299	282	258	241	228	211	387	282	211
Finland	22	22	21	20	20	18	17	17	16	16	15	14	20	17	14
Norway	9	8	8	7	6	5	5	4	4	3	3	-	7	4	-
Denmark	31	30	28	30	31	33	30	30	29	27	25	25	30	30	25
Lithuania	251	244	237	230	222	215	208	201	195	188	182	175	230	201	175
Estonia	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Latvia	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
The Group	777	745	709	674	639	591	559	534	502	475	453	425	674	534	425
VoIP subscriptions	2020	2021	2022	2020	2021	2022
('000)	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	FY	FY	FY
Sweden	350	338	296	278	270	257	242	227	217	207	198	187	278	227	187
Finland	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Norway	36	36	36	33	31	30	29	28	28	26	25	23	33	28	23
Denmark	35	44	41	36	34	30	29	32	26	26	25	24	36	32	24
Lithuania	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Estonia	239	234	230	226	223	218	215	209	204	200	196	192	226	209	192
Latvia	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
The Group	660	652	603	573	558	535	515	496	475	459	444	426	573	496	426
Telephony subscriptions (PSTN + VoIP)	2020	2021	2022	2020	2021	2022
('000)	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	FY	FY	FY
Sweden	814	779	711	665	630	577	541	509	475	448	426	398	665	509	398
Finland	22	22	21	20	20	18	17	17	16	16	15	14	20	17	14
Norway	45	44	44	40	37	35	34	32	32	29	28	23	40	32	23
Denmark	66	74	69	66	65	63	59	62	55	53	50	49	66	62	49
Lithuania	251	244	237	230	222	215	208	201	195	188	182	175	230	201	175
Estonia	239	234	230	226	223	218	215	209	204	200	196	192	226	209	192
Latvia	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
The Group	1,437	1,397	1,312	1,247	1,197	1,126	1,074	1,030	977	934	897	851	1,247	1,030	851
Broadband subscriptions	2020	2021	2022	2020	2021	2022
('000)	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	FY	FY	FY
Sweden	1,263	1,266	1,255	1,242	1,236	1,226	1,244	1,248	1,249	1,246	1,238	1,252	1,242	1,248	1,252
Finland	460	454	456	462	470	470	472	474	467	463	459	467	462	474	467
Norway	451	460	461	469	480	483	490	492	490	494	498	503	469	492	503
Denmark	72	75	70	68	66	65	62	66	64	64	63	64	68	66	64
Lithuania	412	414	416	417	418	417	419	421	422	424	426	427	417	421	427
Estonia	243	242	243	242	242	242	242	243	242	243	241	242	242	243	242
Latvia	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
The Group	2,901	2,911	2,901	2,900	2,912	2,903	2,929	2,944	2,934	2,934	2,925	2,955	2,900	2,944	2,955
Broadband ARPU	2020	2021	2022	2020	2021	2022
(local currency/month)	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	FY	FY	FY
Sweden (SEK)	311	309	310	315	314	314	320	324	323	323	332	328	311	318	326
Finland (EUR)	12.0	11.8	12.4	12.5	11.5	11.3	11.4	11.2	10.9	10.1	10.2	9.8	12.2	11.4	10.2
Norway (NOK)	236	236	231	233	244	243	244	244	256	255	250	248	234	244	252
Denmark (DKK)	168	184	169	164	156	179	182	204	199	206	213	271	171	180	222
Lithuania (EUR)	10.8	10.9	11.1	11.3	11.7	12.1	12.3	12.5	12.7	13.1	13.3	13.7	11.0	12.1	13.2
Estonia (EUR)	18.9	19.0	19.1	19.4	19.5	19.7	20.0	20.1	20.3	20.5	20.7	21.3	19.1	19.8	20.7
Latvia (EUR)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
TV subscriptions	2020	2021	2022	2020	2021	2022
('000)	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	FY	FY	FY
Sweden	860	901	919	929	935	949	975	997	1,015	1,028	1,044	1,052	929	997	1,052
Finland	593	578	574	558	590	610	627	646	658	658	672	678	558	646	678
Norway	477	475	471	469	468	477	477	477	477	475	475	475	469	477	475
Denmark	21	33	31	29	29	26	26	24	23	20	18	17	29	24	17
Lithuania	246	249	251	253	253	254	254	255	254	254	255	257	253	255	257
Estonia	211	209	209	208	207	207	207	207	205	203	201	200	208	207	200
TV and Media	622	593	647	789	764	788	758	771	741	700	728	785	789	771	785
Latvia	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
The Group	3,030	3,038	3,102	3,235	3,246	3,311	3,324	3,377	3,373	3,338	3,393	3,464	3,235	3,377	3,464
TV ARPU	2020	2021	2022	2020	2021	2022
(local currency/month)	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	FY	FY	FY
Sweden (SEK)	174	161	168	171	175	174	176	185	186	186	186	177	169	177	184
Finland (EUR)	8.8	6.0	6.9	8.4	7.8	7.3	6.9	7.3	6.8	6.4	6.2	6.7	7.5	7.3	6.5
Norway (NOK)	294	282	293	288	287	282	278	276	279	273	296	285	289	281	283
Denmark (DKK)	363	217	116	124	132	162	166	177	180	226	249	251	205	159	226
Lithuania (EUR)	12.4	12.1	11.8	12.0	12.8	12.8	12.8	12.9	12.6	12.3	12.2	12.1	12.1	12.8	12.3
Estonia (EUR)	10.5	10.7	10.7	10.9	11.0	11.3	11.7	11.5	11.6	12.0	12.1	12.5	10.7	11.4	12.1
Latvia (EUR)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Telia Company

Continuing Operations
2020	2021	2022	2020	2021	2022
SEK in millions	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	FY	FY	FY
Mobile subscription revenues	8,005	7,760	7,804	7,756	7,611	7,767	7,933	8,018	8,178	8,291	8,496	8,597	31,325	31,329	33,562
Interconnect	498	502	464	461	458	474	470	481	456	442	432	437	1,924	1,883	1,767
Other mobile service revenues	614	629	585	575	479	509	590	591	585	617	732	713	2,403	2,170	2,646
Mobile Service revenues	9,117	8,891	8,853	8,792	8,548	8,750	8,993	9,091	9,219	9,350	9,660	9,746	35,652	35,381	37,975
Telephony	723	684	657	623	602	559	527	527	492	466	443	430	2,687	2,215	1,832
Broadband	2,036	2,010	1,997	2,006	2,017	2,023	2,057	2,105	2,149	2,143	2,178	2,201	8,049	8,202	8,671
TV	1,922	1,589	1,775	1,892	1,929	1,967	1,955	2,063	2,045	2,022	2,013	2,058	7,178	7,913	8,138
Business solutions	1,648	1,684	1,577	1,685	1,566	1,549	1,550	1,600	1,543	1,554	1,521	1,620	6,594	6,264	6,238
Other fixed service revenues	2,554	2,632	2,375	2,590	2,396	2,012	1,434	1,674	1,514	1,531	1,511	1,774	10,150	7,516	6,331
Fixed Service revenues	8,883	8,599	8,382	8,795	8,510	8,109	7,522	7,967	7,744	7,716	7,667	8,083	34,659	32,109	31,209
Advertising Revenues	1,171	1,063	995	1,595	1,142	1,500	1,115	1,773	1,264	1,576	1,193	1,786	4,825	5,530	5,820
Other Service revenues	545	575	503	582	546	524	500	589	530	526	507	559	2,206	2,159	2,122
Total Service revenues	19,716	19,129	18,733	19,765	18,747	18,883	18,130	19,420	18,757	19,167	19,028	20,174	77,342	75,180	77,126
Total Equipment revenues	2,711	2,640	2,797	3,699	3,067	2,994	3,141	3,960	3,060	3,125	3,428	4,087	11,848	13,162	13,701
Total external net sales	22,427	21,770	21,530	23,464	21,814	21,877	21,271	23,380	21,818	22,292	22,456	24,261	89,190	88,342	90,827
Internal net sales	0	0	0	0	0	0	0	0	-0	0	0	0	0	0	0
Total net sales	22,427	21,770	21,530	23,464	21,814	21,877	21,271	23,380	21,818	22,293	22,456	24,261	89,191	88,343	90,827
Net sales growth like for like regarding exchange rates, acquisitions and disposals (%)	0.5%	1.8%
Service revenue growth like for like regarding exchange rates, acquisitions and disposals (%)	0.7%	2.1%
Adjusted EBITDA	7,224	7,697	8,151	7,411	7,179	7,655	7,738	7,290	7,202	7,681	8,070	7,374	30,482	29,861	30,328
Margin, %	32.2%	35.4%	37.9%	31.6%	32.9%	35.0%	36.4%	31.2%	33.0%	34.5%	35.9%	30.4%	34.2%	33.8%	33.4%
EBITDA	7,071	7,305	8,042	7,556	6,778	14,006	7,476	6,890	7,030	7,499	7,871	7,016	29,974	35,151	29,417
Margin, %	31.5%	33.6%	37.4%	32.2%	31.1%	64.0%	35.1%	29.5%	32.2%	33.6%	35.1%	28.9%	33.6%	39.8%	32.4%
Depreciation, amortization and write-downs	-5,092	-5,087	-4,890	-12,674	-5,007	-4,999	-4,871	-5,146	-4,607	-4,686	-4,706	-24,937	-27,744	-20,023	-38,936
Income from associated companies and joint ventures	400	-3,178	616	-17,919	24	23	29	28	14	18	23	47	-20,080	104	102
Adjusted Operating income	2,641	2,926	3,317	2,573	2,195	2,696	2,896	2,246	2,609	3,014	3,387	2,322	11,457	10,033	11,332
Margin, %	11.8%	13.4%	15.4%	11.0%	10.1%	12.3%	13.6%	9.6%	12.0%	13.5%	15.1%	9.6%	12.8%	11.4%	12.5%
Operating income	2,378	-959	3,768	-23,037	1,795	9,031	2,634	1,772	2,437	2,831	3,188	-17,874	-17,850	15,232	-9,417
Margin, %	10.6%	-4.4%	17.5%	-98.2%	8.2%	41.3%	12.4%	7.6%	11.2%	12.7%	14.2%	-73.7%	-20.0%	17.2%	-10.4%
Capital expenditures excl. licenses, spectrum fees and right of use assets	2,890	3,406	3,021	4,104	2,926	3,628	3,388	5,944	3,285	3,982	3,670	5,022	13,421	15,885	15,959
Capital expenditures excl. right of use assets	2,890	3,550	3,020	4,103	3,687	3,988	4,391	5,935	3,456	3,982	4,042	5,049	13,563	18,001	16,528
Mobile
Post-paid subscriptions ('000)	14,836	14,917	15,086	15,158	15,314	15,618	16,052	16,426	16,698	17,214	17,787	18,069	15,158	16,426	18,069
of which used for machine-to-machine services ('000)	2,405	2,464	2,616	2,702	2,875	3,124	3,512	3,892	4,183	4,643	5,175	5,505	2,702	3,892	5,505
Pre-paid subscriptions ('000)	1,876	1,811	1,839	1,811	1,717	1,697	1,715	1,681	1,648	1,706	1,754	1,708	1,811	1,681	1,708
Total subscriptions ('000)	16,713	16,728	16,925	16,968	17,031	17,315	17,767	18,107	18,346	18,921	19,540	19,776	16,968	18,107	19,776
Post-paid ARPU (SEK/month)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Pre-paid ARPU (SEK/month)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Blended ARPU (SEK/month)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Blended churn (%)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fixed
PSTN subscriptions ('000)	777	745	709	674	639	591	559	534	502	475	453	425	674	534	425
VoIP subscriptions ('000)	660	652	603	573	558	535	515	496	475	459	444	426	573	496	426
Telephony subscriptions ('000)	1,437	1,397	1,312	1,247	1,197	1,126	1,074	1,030	977	934	897	851	1,247	1,030	851
Broadband subscriptions ('000)	2,901	2,911	2,901	2,900	2,912	2,903	2,929	2,944	2,934	2,934	2,925	2,955	2,900	2,944	2,955
Broadband ARPU (SEK/month)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
TV subscriptions ('000)	3,030	3,038	3,102	3,235	3,246	3,311	3,324	3,377	3,373	3,338	3,393	3,464	3,235	3,377	3,464
TV ARPU (SEK/month)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Sweden

Sweden
2020	2021	2022	2020	2021	2022
SEK in millions	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	FY	FY	FY
Mobile subscription revenues	3,169	3,131	3,142	3,158	3,077	3,127	3,165	3,187	3,161	3,213	3,236	3,242	12,600	12,556	12,852
Interconnect	130	138	123	129	120	125	120	126	119	120	116	125	520	492	479
Other mobile service revenues	131	138	123	130	116	121	141	154	134	139	153	138	522	532	564
Mobile Service revenues	3,430	3,408	3,388	3,417	3,314	3,373	3,426	3,467	3,414	3,472	3,505	3,505	13,643	13,580	13,896
Telephony	513	489	475	450	431	405	377	370	349	332	313	303	1,927	1,583	1,297
Broadband	1,180	1,176	1,171	1,178	1,168	1,160	1,187	1,211	1,209	1,208	1,235	1,224	4,704	4,726	4,876
TV	452	422	461	475	488	491	506	549	560	569	580	556	1,810	2,034	2,265
Business solutions	694	728	665	726	680	669	677	727	663	672	642	674	2,813	2,754	2,651
Other fixed service revenues	902	968	879	1,013	885	963	918	1,063	946	930	923	1,074	3,761	3,829	3,873
Fixed Service revenues	3,741	3,782	3,651	3,842	3,651	3,689	3,665	3,921	3,727	3,712	3,693	3,831	15,015	14,926	14,963
Advertising Revenues	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Service revenues	263	280	247	286	268	273	247	289	240	262	231	261	1,075	1,076	994
Total Service revenues	7,434	7,469	7,286	7,544	7,233	7,336	7,337	7,677	7,380	7,446	7,429	7,597	29,734	29,582	29,852
Total Equipment revenues	840	835	886	1,287	1,123	1,110	1,067	1,434	1,150	1,175	1,253	1,604	3,848	4,734	5,182
Total external net sales	8,274	8,304	8,172	8,831	8,356	8,446	8,404	9,111	8,530	8,621	8,682	9,201	33,581	34,316	35,034
Internal net sales	48	47	30	26	45	47	20	23	18	20	16	24	151	134	78
Total net sales	8,322	8,351	8,202	8,857	8,401	8,492	8,424	9,133	8,548	8,641	8,698	9,225	33,732	34,451	35,112
Net sales growth like for like regarding exchange rates, acquisitions and disposals (%)	1.0%	1.9%
Service revenue growth like for like regarding exchange rates, acquisitions and disposals (%)	-1.0%	0.8%
Adjusted EBITDA	3,382	3,297	3,412	3,326	3,197	3,268	3,353	3,541	3,337	3,358	3,394	3,419	13,418	13,359	13,508
Margin, %	40.6%	39.5%	41.6%	37.6%	38.1%	38.5%	39.8%	38.8%	39.0%	38.9%	39.0%	37.1%	39.8%	38.8%	38.5%
EBITDA	3,328	3,247	3,382	3,450	3,084	3,254	3,271	3,505	3,278	3,341	3,371	3,409	13,408	13,114	13,399
Margin, %	40.0%	38.9%	41.2%	39.0%	36.7%	38.3%	38.8%	38.4%	38.4%	38.7%	38.8%	37.0%	39.7%	38.1%	38.2%
Depreciation, amortization and write-downs	-1,661	-1,698	-1,671	-1,620	-1,867	-1,932	-1,859	-1,868	-1,673	-1,706	-1,725	-2,404	-6,650	-7,526	-7,508
Income from associated companies and joint ventures	-0	0	0	0	-0	0	-0	-0	-0	-0	-0	0	0	-0	-1
Adjusted Operating income	1,721	1,600	1,741	1,706	1,330	1,336	1,494	1,672	1,663	1,652	1,669	1,438	6,768	5,833	6,422
Margin, %	20.7%	19.2%	21.2%	19.3%	15.8%	15.7%	17.7%	18.3%	19.5%	19.1%	19.2%	15.6%	20.1%	16.9%	18.3%
Operating income	1,667	1,550	1,711	1,831	1,218	1,322	1,411	1,637	1,605	1,634	1,647	1,005	6,758	5,588	5,891
Margin, %	20.0%	18.6%	20.9%	20.7%	14.5%	15.6%	16.8%	17.9%	18.8%	18.9%	18.9%	10.9%	20.0%	16.2%	16.8%
Capital expenditures excl. licenses, spectrum fees and right of use assets	623	701	615	866	556	731	683	1,716	759	878	773	901	2,806	3,685	3,312
Capital expenditures excl. right of use assets	623	701	615	866	1,317	731	683	1,716	759	878	773	901	2,806	4,446	3,312
Mobile
Post-paid subscriptions ('000)	5,238	5,270	5,377	5,435	5,522	5,664	5,945	6,191	6,430	6,839	7,270	7,482	5,435	6,191	7,482
of which used for machine-to-machine services ('000)	1,135	1,167	1,258	1,306	1,426	1,560	1,833	2,120	2,360	2,737	3,166	3,395	1,306	2,120	3,395
Pre-paid subscriptions ('000)	851	830	830	811	770	754	744	723	688	688	685	654	811	723	654
Total subscriptions ('000)	6,089	6,100	6,207	6,246	6,292	6,418	6,689	6,914	7,117	7,527	7,955	8,136	6,246	6,914	8,136
Post-paid ARPU (SEK/month)	246	241	242	241	239	244	244	248	248	249	249	251	242	244	249
Pre-paid ARPU (SEK/month)	70	85	78	93	72	72	76	72	69	74	77	74	81	73	74
Blended ARPU (SEK/month)	215	214	215	216	212	217	218	221	222	224	224	226	215	217	224
Blended churn (%)	19	16	14	18	20	17	16	19	18	14	16	20	17	18	17
Fixed
PSTN subscriptions ('000)	464	441	415	387	360	320	299	282	258	241	228	211	387	282	211
VoIP subscriptions ('000)	350	338	296	278	270	257	242	227	217	207	198	187	278	227	187
Telephony subscriptions ('000)	814	779	711	665	630	577	541	509	475	448	426	398	665	509	398
Broadband subscriptions ('000)	1,263	1,266	1,255	1,242	1,236	1,226	1,244	1,248	1,249	1,246	1,238	1,252	1,242	1,248	1,252
Broadband ARPU (SEK/month)	311	309	310	315	314	314	320	324	323	323	332	328	311	318	326
TV subscriptions ('000)	860	901	919	929	935	949	975	997	1,015	1,028	1,044	1,052	929	997	1,052
TV ARPU (SEK/month)	174	161	168	171	175	174	176	185	186	186	186	177	169	177	184

Finland

Finland
2020	2021	2022	2020	2021	2022
SEK in millions	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	FY	FY	FY
Mobile subscription revenues	1,642	1,624	1,566	1,576	1,513	1,521	1,534	1,539	1,579	1,604	1,637	1,710	6,408	6,106	6,530
Interconnect	103	111	96	101	96	98	90	93	84	83	80	85	411	376	331
Other mobile service revenues	146	148	136	139	136	138	149	163	168	166	194	214	569	587	743
Mobile Service revenues	1,891	1,883	1,798	1,816	1,745	1,757	1,772	1,795	1,831	1,853	1,911	2,009	7,388	7,070	7,605
Telephony	28	28	25	22	17	17	13	16	16	14	13	16	102	64	59
Broadband	182	173	175	177	164	162	165	162	161	151	151	148	706	653	611
TV	171	113	124	147	134	135	130	142	139	133	130	148	555	541	550
Business solutions	651	658	619	651	594	594	596	585	587	594	579	634	2,579	2,369	2,394
Other fixed service revenues	306	311	283	348	273	292	271	354	301	316	309	405	1,248	1,190	1,332
Fixed Service revenues	1,338	1,283	1,225	1,344	1,182	1,200	1,175	1,259	1,205	1,207	1,182	1,351	5,190	4,816	4,946
Advertising Revenues	2	0	-0	0	0	0	0	0	0	0	0	0	2	0	0
Other Service revenues	71	67	62	71	64	60	60	56	55	57	61	58	271	240	231
Total Service revenues	3,302	3,233	3,085	3,231	2,991	3,017	3,007	3,110	3,092	3,117	3,155	3,418	12,851	12,125	12,782
Total Equipment revenues	525	484	486	680	491	482	571	647	491	496	523	707	2,175	2,191	2,216
Total external net sales	3,827	3,716	3,572	3,911	3,482	3,499	3,578	3,758	3,582	3,613	3,678	4,124	15,026	14,316	14,998
Internal net sales	70	53	45	66	60	50	34	44	47	42	45	58	234	188	192
Total net sales	3,897	3,769	3,617	3,977	3,542	3,549	3,612	3,801	3,630	3,655	3,723	4,182	15,260	14,504	15,190
Net sales growth like for like regarding exchange rates, acquisitions and disposals (%)	2.4%	0.1%
Service revenue growth like for like regarding exchange rates, acquisitions and disposals (%)	2.2%	0.6%
Adjusted EBITDA	1,151	1,218	1,274	1,146	1,063	1,038	1,179	1,042	1,111	1,130	1,140	1,063	4,789	4,322	4,443
Margin, %	29.5%	32.3%	35.2%	28.8%	30.0%	29.3%	32.6%	27.4%	30.6%	30.9%	30.6%	25.4%	31.4%	29.8%	29.3%
EBITDA	1,152	1,182	1,273	1,173	1,048	1,335	1,182	1,043	1,073	1,106	1,117	1,017	4,780	4,607	4,313
Margin, %	29.6%	31.4%	35.2%	29.5%	29.6%	37.6%	32.7%	27.4%	29.6%	30.2%	30.0%	24.3%	31.3%	31.8%	28.4%
Depreciation, amortization and write-downs	-906	-814	-784	-8,587	-803	-815	-820	-810	-872	-877	-876	-10,402	-11,091	-3,247	-13,028
Income from associated companies and joint ventures	-0	-7	1	-3	-3	-2	0	0	-0	0	0	-0	-9	-6	-0
Adjusted Operating income	355	397	490	356	257	221	359	232	238	253	263	161	1,599	1,069	915
Margin, %	9.1%	10.5%	13.6%	9.0%	7.3%	6.2%	9.9%	6.1%	6.6%	6.9%	7.1%	3.8%	10.5%	7.4%	6.0%
Operating income	246	361	490	-7,417	241	518	362	233	201	229	240	-9,385	-6,320	1,354	-8,716
Margin, %	6.3%	9.6%	13.5%	-186.5%	6.8%	14.6%	10.0%	6.1%	5.5%	6.3%	6.5%	-224.4%	-41.4%	9.3%	-57.4%
Capital expenditures excl. licenses, spectrum fees and right of use assets	272	478	476	463	344	435	433	622	321	425	376	444	1,689	1,833	1,566
Capital expenditures excl. right of use assets	272	549	475	463	344	435	433	622	321	425	376	444	1,759	1,833	1,566
Mobile
Post-paid subscriptions ('000)	3,035	3,044	3,043	3,027	3,028	3,068	3,084	3,107	3,086	3,103	3,134	3,145	3,027	3,107	3,145
of which used for machine-to-machine services ('000)	265	270	280	277	281	290	297	309	315	329	354	381	277	309	381
Pre-paid subscriptions ('000)	130	124	136	138	127	127	132	127	122	128	142	135	138	127	135
Total subscriptions ('000)	3,165	3,167	3,179	3,165	3,155	3,195	3,216	3,234	3,208	3,231	3,276	3,280	3,165	3,234	3,280
Post-paid ARPU (EUR/month)	19.3	19.1	18.9	19.3	18.8	18.8	18.5	18.7	18.4	18.8	18.8	19.1	19.2	18.7	18.8
Pre-paid ARPU (EUR/month)	4.7	5.2	5.6	6.0	5.3	5.5	6.2	5.7	6.1	6.4	6.4	6.1	5.4	5.7	6.3
Blended ARPU (EUR/month)	18.6	18.5	18.3	18.6	18.2	18.2	17.9	18.1	17.9	18.2	18.2	18.5	18.5	18.1	18.2
Blended churn (%)	23	19	22	24	21	21	22	24	26	20	22	24	22	22	23
Fixed
PSTN subscriptions ('000)	22	22	21	20	20	18	17	17	16	16	15	14	20	17	14
VoIP subscriptions ('000)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Telephony subscriptions ('000)	22	22	21	20	20	18	17	17	16	16	15	14	20	17	14
Broadband subscriptions ('000)	460	454	456	462	470	470	472	474	467	463	459	467	462	474	467
Broadband ARPU (EUR/month)	12.0	11.8	12.4	12.5	11.5	11.3	11.4	11.2	10.9	10.1	10.2	9.8	12.2	11.4	10.2
TV subscriptions ('000)	593	578	574	558	590	610	627	646	658	658	672	678	558	646	678
TV ARPU (EUR/month)	8.8	6.0	6.9	8.4	7.8	7.3	6.9	7.3	6.8	6.4	6.2	6.7	7.5	7.3	6.5

Norway

Norway
2020	2021	2022	2020	2021	2022
SEK in millions	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	FY	FY	FY
Mobile subscription revenues	1,654	1,525	1,621	1,567	1,577	1,628	1,711	1,771	1,840	1,835	1,919	1,866	6,367	6,688	7,460
Interconnect	109	98	100	98	96	105	103	112	113	108	107	111	406	416	438
Other mobile service revenues	224	222	228	209	142	149	170	167	167	187	231	222	884	628	807
Mobile Service revenues	1,987	1,845	1,950	1,874	1,816	1,882	1,985	2,050	2,119	2,130	2,256	2,199	7,656	7,732	8,705
Telephony	42	34	32	29	28	25	23	25	28	24	24	21	138	102	97
Broadband	325	313	309	312	344	353	351	365	399	395	392	392	1,259	1,413	1,578
TV	432	389	403	388	396	402	393	402	421	407	445	429	1,613	1,594	1,701
Business solutions	115	109	106	109	104	104	101	108	108	111	112	118	439	417	449
Other fixed service revenues	13	21	24	17	23	23	26	22	27	26	29	29	75	94	111
Fixed Service revenues	928	865	875	856	896	907	895	922	984	964	1,001	988	3,524	3,620	3,936
Advertising Revenues	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Service revenues	49	50	27	33	45	38	33	42	43	43	40	36	159	158	161
Total Service revenues	2,964	2,760	2,851	2,763	2,756	2,827	2,913	3,014	3,146	3,137	3,298	3,223	11,338	11,510	12,803
Total Equipment revenues	440	486	500	591	548	512	562	640	494	503	559	607	2,017	2,261	2,164
Total external net sales	3,404	3,246	3,351	3,354	3,304	3,339	3,474	3,654	3,640	3,640	3,857	3,830	13,356	13,771	14,967
Internal net sales	25	-17	7	3	5	4	4	4	9	22	3	21	18	17	55
Total net sales	3,428	3,229	3,358	3,357	3,309	3,343	3,478	3,658	3,649	3,662	3,859	3,851	13,373	13,788	15,022
Net sales growth like for like regarding exchange rates, acquisitions and disposals (%)	1.6%	3.5%
Service revenue growth like for like regarding exchange rates, acquisitions and disposals (%)	3.2%	5.6%
Adjusted EBITDA	1,360	1,494	1,615	1,502	1,524	1,507	1,652	1,556	1,666	1,591	1,846	1,647	5,971	6,240	6,750
Margin, %	39.7%	46.3%	48.1%	44.7%	46.1%	45.1%	47.5%	42.5%	45.7%	43.4%	47.8%	42.8%	44.6%	45.3%	44.9%
EBITDA	1,326	1,458	1,571	1,456	1,457	1,494	1,643	1,487	1,658	1,546	1,830	1,638	5,811	6,081	6,672
Margin, %	38.7%	45.1%	46.8%	43.4%	44.0%	44.7%	47.2%	40.7%	45.4%	42.2%	47.4%	42.5%	43.4%	44.1%	44.4%
Depreciation, amortization and write-downs	-1,150	-1,099	-1,009	-1,126	-1,026	-977	-935	-953	-1,022	-998	-977	-9,526	-4,383	-3,892	-12,523
Income from associated companies and joint ventures	-2	1	4	2	0	-1	1	3	-1	0	0	-0	5	3	-0
Adjusted Operating income	209	395	610	378	498	529	718	606	644	594	868	621	1,593	2,351	2,727
Margin, %	6.1%	12.2%	18.2%	11.3%	15.0%	15.8%	20.6%	16.6%	17.6%	16.2%	22.5%	16.1%	11.9%	17.1%	18.2%
Operating income	175	359	566	332	431	516	709	537	636	548	853	-7,888	1,432	2,192	-5,851
Margin, %	5.1%	11.1%	16.9%	9.9%	13.0%	15.4%	20.4%	14.7%	17.4%	15.0%	22.1%	-204.8%	10.7%	15.9%	-39.0%
Capital expenditures excl. licenses, spectrum fees and right of use assets	458	520	580	883	586	748	665	1,043	532	614	674	1,111	2,441	3,043	2,932
Capital expenditures excl. right of use assets	458	529	580	883	586	748	1,668	1,035	532	614	674	1,111	2,450	4,037	2,932
Mobile
Post-paid subscriptions ('000)	1,945	1,956	1,958	1,953	1,981	2,002	2,015	2,018	2,033	2,075	2,103	2,109	1,953	2,018	2,109
of which used for machine-to-machine services ('000)	90	95	101	107	116	124	129	125	134	165	181	196	107	125	196
Pre-paid subscriptions ('000)	328	310	307	294	281	274	277	271	269	272	276	270	294	271	270
Total subscriptions ('000)	2,273	2,265	2,265	2,247	2,262	2,277	2,292	2,289	2,302	2,346	2,379	2,379	2,247	2,289	2,379
Post-paid ARPU (NOK/month)	273	266	277	273	267	269	285	283	285	283	293	284	272	276	286
Pre-paid ARPU (NOK/month)	132	138	151	150	136	143	151	155	144	153	156	150	142	146	151
Blended ARPU (NOK/month)	252	247	259	256	250	252	268	267	268	267	276	267	253	259	269
Blended churn (%)	24	22	22	27	19	19	19	20	20	19	21	25	24	19	21
Fixed
PSTN subscriptions ('000)	9	8	8	7	6	5	5	4	4	3	3	0	7	4	0
VoIP subscriptions ('000)	36	36	36	33	31	30	29	28	28	26	25	23	33	28	23
Telephony subscriptions ('000)	45	44	44	40	37	35	34	32	32	29	28	23	40	32	23
Broadband subscriptions ('000)	451	460	461	469	480	483	490	492	490	494	498	503	469	492	503
Broadband ARPU (NOK/month)	236	234	227	239	244	243	244	244	256	255	250	248	234	244	252
TV subscriptions ('000)	477	475	471	469	468	477	477	477	477	475	475	475	469	477	475
TV ARPU (NOK/month)	294	282	293	288	287	282	278	276	279	273	296	285	289	281	283

Denmark

Denmark
2020	2021	2022	2020	2021	2022
SEK in millions	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	FY	FY	FY
Mobile subscription revenues	679	645	635	627	607	628	625	610	645	651	676	681	2,586	2,470	2,653
Interconnect	61	53	55	57	55	56	73	80	71	64	60	64	225	264	260
Other mobile service revenues	88	90	83	73	70	84	102	91	95	103	120	123	335	347	441
Mobile Service revenues	828	788	773	757	733	768	800	780	810	818	857	868	3,146	3,081	3,354
Telephony	53	47	46	45	51	38	44	46	31	30	29	28	191	178	119
Broadband	54	56	50	47	43	48	48	53	55	56	58	75	208	192	244
TV	34	17	15	16	16	18	19	18	18	20	20	20	82	70	78
Business solutions	48	48	42	54	46	35	32	31	29	29	29	13	192	144	99
Other fixed service revenues	12	9	13	12	10	10	12	16	20	19	26	25	47	48	90
Fixed Service revenues	202	177	167	174	165	148	155	165	153	154	162	162	719	633	631
Advertising Revenues	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Service revenues	24	27	26	34	23	21	26	23	27	22	25	21	110	93	94
Total Service revenues	1,053	992	966	965	921	937	981	968	990	994	1,044	1,051	3,976	3,807	4,079
Total Equipment revenues	358	308	322	421	339	291	295	418	272	264	316	316	1,409	1,343	1,168
Total external net sales	1,411	1,300	1,289	1,385	1,260	1,228	1,276	1,386	1,262	1,259	1,360	1,367	5,385	5,150	5,247
Internal net sales	19	24	19	18	21	14	11	18	14	10	11	16	80	64	51
Total net sales	1,430	1,324	1,308	1,403	1,281	1,242	1,287	1,403	1,275	1,269	1,371	1,383	5,464	5,214	5,298
Net sales growth like for like regarding exchange rates, acquisitions and disposals (%)	-8.7%	-2.9%
Service revenue growth like for like regarding exchange rates, acquisitions and disposals (%)	0.5%	2.0%
Adjusted EBITDA	226	254	269	265	212	217	235	242	235	248	268	321	1,015	906	1,072
Margin, %	15.8%	19.2%	20.6%	18.9%	16.6%	17.5%	18.3%	17.2%	18.4%	19.5%	19.5%	23.2%	18.6%	17.4%	20.2%
EBITDA	226	242	270	260	199	205	228	94	241	252	251	256	998	726	999
Margin, %	15.8%	18.3%	20.6%	18.6%	15.5%	16.5%	17.7%	6.7%	18.9%	19.8%	18.3%	18.5%	18.3%	13.9%	18.9%
Depreciation, amortization and write-downs	-247	-255	-247	-284	-250	-234	-253	-288	-238	-253	-249	-855	-1,033	-1,026	-1,595
Income from associated companies and joint ventures	-0	0	0	0	-0	0	0	0	-0	0	0	1	1	1	2
Adjusted Operating income	-21	-1	23	-19	-38	-17	-18	6	-4	-5	20	68	-17	-67	78
Margin, %	-1.4%	-0.1%	1.8%	-1.3%	-3.0%	-1.4%	-1.4%	0.4%	-0.3%	-0.4%	1.4%	4.9%	-0.3%	-1.3%	1.5%
Operating income	-21	-14	24	-23	-52	-29	-25	-193	2	-2	2	-597	-34	-299	-594
Margin, %	-1.4%	-1.0%	1.8%	-1.6%	-4.0%	-2.3%	-2.0%	-13.8%	0.2%	-0.1%	0.2%	-43.2%	-0.6%	-5.7%	-11.2%
Capital expenditures excl. licenses, spectrum fees and right of use assets	93	73	43	79	43	84	135	200	121	99	124	194	288	462	538
Capital expenditures excl. right of use assets	93	136	43	79	43	444	136	199	253	99	151	195	351	823	698
Mobile
Post-paid subscriptions ('000)	1,458	1,472	1,484	1,494	1,496	1,542	1,603	1,620	1,627	1,631	1,671	1,712	1,494	1,620	1,712
of which used for machine-to-machine services ('000)	86	93	101	113	120	185	243	254	267	280	320	362	113	254	362
Pre-paid subscriptions ('000)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total subscriptions ('000)	1,458	1,472	1,484	1,494	1,496	1,542	1,603	1,620	1,627	1,631	1,671	1,712	1,494	1,620	1,712
Post-paid ARPU (DKK/month)	126	119	119	118	118	119	123	122	123	123	125	124	121	121	124
Pre-paid ARPU (DKK/month)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Blended ARPU (DKK/month)	126	119	119	118	118	119	123	122	123	123	125	124	121	121	124
Blended churn (%)	19	26	25	25	22	30	25	26	27	26	25	26	24	25	26
Fixed
PSTN subscriptions ('000)	31	30	28	30	31	33	30	30	29	27	25	25	30	30	25
VoIP subscriptions ('000)	35	44	41	36	34	30	29	32	26	26	25	24	36	32	24
Telephony subscriptions ('000)	66	74	69	66	65	63	59	62	55	53	50	49	66	62	49
Broadband subscriptions ('000)	72	75	70	68	66	65	62	66	64	64	63	64	68	66	64
Broadband ARPU (DKK/month)	168	184	169	164	156	179	182	204	199	206	213	271	171	180	222
TV subscriptions ('000)	21	33	31	29	29	26	26	24	23	20	18	17	29	24	17
TV ARPU (DKK/month)	363	217	116	124	132	162	166	177	180	226	249	251	205	159	226

Lithuania

Lithuania
2020	2021	2022	2020	2021	2022
SEK in millions	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	FY	FY	FY
Mobile subscription revenues	289	283	289	290	289	303	318	322	340	361	380	400	1,151	1,232	1,481
Interconnect	39	46	39	45	36	36	33	34	29	28	28	27	169	139	111
Other mobile service revenues	9	16	6	8	6	7	13	9	7	8	13	7	39	36	35
Mobile Service revenues	337	345	335	343	332	346	365	364	376	398	421	433	1,359	1,407	1,627
Telephony	56	57	51	50	47	45	44	44	43	42	41	41	214	181	167
Broadband	143	144	143	145	148	153	157	160	168	174	180	192	574	619	714
TV	97	95	92	93	99	98	99	100	101	98	99	101	377	396	399
Business solutions	56	59	59	60	58	67	76	73	73	75	81	95	235	274	324
Other fixed service revenues	99	99	95	92	92	97	94	97	99	115	99	107	386	380	419
Fixed Service revenues	452	454	440	440	444	461	471	474	483	504	500	536	1,786	1,849	2,023
Advertising Revenues	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Service revenues	6	5	5	5	5	4	5	3	3	3	4	4	21	16	13
Total Service revenues	795	804	780	788	781	811	840	841	862	905	924	972	3,167	3,272	3,663
Total Equipment revenues	187	229	238	269	205	231	255	323	245	260	274	320	922	1,014	1,099
Total external net sales	982	1,033	1,018	1,056	986	1,042	1,095	1,164	1,107	1,165	1,198	1,292	4,089	4,286	4,763
Internal net sales	14	14	15	19	14	10	5	5	6	6	5	5	63	33	21
Total net sales	996	1,047	1,032	1,076	999	1,052	1,100	1,169	1,113	1,171	1,203	1,297	4,151	4,320	4,784
Net sales growth like for like regarding exchange rates, acquisitions and disposals (%)	3.0%	5.7%
Service revenue growth like for like regarding exchange rates, acquisitions and disposals (%)	7.1%	6.5%
Adjusted EBITDA	373	375	380	370	368	368	404	370	401	414	419	453	1,497	1,511	1,688
Margin, %	37.4%	35.8%	36.8%	34.4%	36.8%	35.0%	36.8%	31.7%	36.1%	35.4%	34.9%	34.9%	36.1%	35.0%	35.3%
EBITDA	370	373	375	366	376	368	401	361	402	415	414	450	1,484	1,506	1,681
Margin, %	37.2%	35.6%	36.3%	34.0%	37.6%	34.9%	36.5%	30.9%	36.2%	35.4%	34.4%	34.7%	35.7%	34.9%	35.1%
Depreciation, amortization and write-downs	-156	-157	-147	-259	-192	-185	-187	-190	-206	-207	-206	-212	-718	-754	-831
Income from associated companies and joint ventures	-1	-9	0	0	0	0	0	0	0	-0	0	0	-9	0	0
Adjusted Operating income	216	216	232	111	176	183	217	180	195	208	214	240	776	756	856
Margin, %	21.7%	20.6%	22.5%	10.3%	17.6%	17.4%	19.8%	15.4%	17.5%	17.7%	17.8%	18.5%	18.7%	17.5%	17.9%
Operating income	214	207	227	107	184	182	214	171	196	208	209	237	756	752	850
Margin, %	21.5%	19.8%	22.0%	10.0%	18.4%	17.3%	19.5%	14.7%	17.6%	17.8%	17.3%	18.3%	18.2%	17.4%	17.8%
Capital expenditures excl. licenses, spectrum fees and right of use assets	83	98	95	107	64	126	145	334	92	130	188	188	383	669	597
Capital expenditures excl. right of use assets	83	98	95	107	64	126	145	334	92	130	443	190	383	669	854
Mobile
Post-paid subscriptions ('000)	1,081	1,088	1,098	1,104	1,116	1,136	1,164	1,236	1,245	1,265	1,270	1,278	1,104	1,236	1,278
of which used for machine-to-machine services ('000)	181	187	197	204	215	225	245	309	309	322	323	322	204	309	322
Pre-paid subscriptions ('000)	268	267	286	294	268	273	284	282	287	317	331	326	294	282	326
Total subscriptions ('000)	1,349	1,354	1,385	1,398	1,385	1,409	1,449	1,518	1,532	1,582	1,602	1,604	1,398	1,518	1,604
Post-paid ARPU (EUR/month)	10.4	10.4	10.6	11.0	10.8	11.0	11.3	11.4	11.2	11.8	12.0	12.0	10.6	11.1	11.8
Pre-paid ARPU (EUR/month)	3.1	3.0	3.3	3.2	3.2	3.5	3.7	3.8	3.9	3.9	4.0	4.3	3.1	3.5	4.0
Blended ARPU (EUR/month)	8.7	8.7	8.8	9.1	9.0	9.2	9.5	9.6	9.5	9.9	9.9	10.0	8.8	9.3	9.8
Blended churn (%)	35	33	33	35	40	32	34	37	36	34	43	46	34	36	39
Fixed
PSTN subscriptions ('000)	251	244	237	230	222	215	208	201	195	188	182	175	230	201	175
VoIP subscriptions ('000)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Telephony subscriptions ('000)	251	244	237	230	222	215	208	201	195	188	182	175	230	201	175
Broadband subscriptions ('000)	412	414	416	417	418	417	419	421	422	424	426	427	417	421	427
Broadband ARPU (EUR/month)	10.8	10.9	11.1	11.3	11.7	12.1	12.3	12.5	12.7	13.1	13.3	13.7	11.0	12.1	13.2
TV subscriptions ('000)	246	249	251	253	253	254	254	255	254	254	255	257	253	255	257
TV ARPU (EUR/month)	12.4	12.1	11.8	12.0	12.8	12.8	12.8	12.9	12.6	12.3	12.2	12.1	12.1	12.8	12.3

Estonia

Estonia
2020	2021	2022	2020	2021	2022
SEK in millions	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	FY	FY	FY
Mobile subscription revenues	248	236	235	228	225	232	242	244	257	261	272	290	946	943	1,080
Interconnect	19	19	15	18	20	19	20	19	16	15	17	17	72	78	65
Other mobile service revenues	3	3	3	3	2	3	5	4	3	4	7	4	11	14	17
Mobile Service revenues	269	259	252	249	247	254	267	267	276	280	295	311	1,030	1,035	1,162
Telephony	31	30	28	27	28	27	25	25	25	23	22	22	115	105	92
Broadband	148	147	144	145	144	145	148	149	155	156	160	169	583	585	639
TV	71	71	69	70	69	71	74	73	75	77	78	82	281	287	312
Business solutions	63	61	61	64	63	66	68	75	83	73	78	87	249	271	321
Other fixed service revenues	94	84	91	86	87	98	99	107	111	115	114	119	356	391	459
Fixed Service revenues	406	393	394	392	392	408	414	427	449	443	452	479	1,585	1,641	1,823
Advertising Revenues	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Service revenues	5	3	3	2	3	3	4	3	4	2	2	1	13	13	8
Total Service revenues	680	655	649	643	642	665	684	698	729	725	749	791	2,627	2,689	2,994
Total Equipment revenues	132	125	140	198	124	147	149	191	136	139	170	186	596	610	631
Total external net sales	812	780	789	841	766	812	833	888	864	865	919	976	3,223	3,299	3,625
Internal net sales	12	16	12	13	12	15	3	3	4	3	3	3	53	32	12
Total net sales	825	796	801	854	778	826	836	891	868	867	922	980	3,276	3,331	3,637
Net sales growth like for like regarding exchange rates, acquisitions and disposals (%)	2.0%	4.2%
Service revenue growth like for like regarding exchange rates, acquisitions and disposals (%)	5.1%	5.7%
Adjusted EBITDA	290	281	302	281	292	299	313	292	326	323	340	341	1,153	1,196	1,330
Margin, %	35.2%	35.2%	37.7%	32.8%	37.5%	36.2%	37.5%	32.8%	37.5%	37.2%	36.9%	34.8%	35.2%	35.9%	36.6%
EBITDA	289	279	300	278	288	298	312	291	325	391	340	340	1,147	1,190	1,396
Margin, %	35.0%	35.1%	37.5%	32.6%	37.0%	36.1%	37.3%	32.7%	37.4%	45.0%	36.9%	34.7%	35.0%	35.7%	38.4%
Depreciation, amortization and write-downs	-185	-177	-169	-173	-164	-163	-164	-173	-159	-173	-149	-186	-705	-663	-668
Income from associated companies and joint ventures	2	-0	1	1	2	3	3	1	2	2	2	0	4	9	6
Adjusted Operating income	107	103	135	108	130	139	153	120	169	151	193	155	453	542	669
Margin, %	13.0%	13.0%	16.8%	12.6%	16.7%	16.8%	18.2%	13.5%	19.4%	17.4%	21.0%	15.8%	13.8%	16.3%	18.4%
Operating income	106	102	133	106	126	138	152	120	168	219	193	154	446	536	734
Margin, %	12.9%	12.8%	16.6%	12.4%	16.2%	16.7%	18.1%	13.4%	19.3%	25.3%	20.9%	15.7%	13.6%	16.1%	20.2%
Capital expenditures excl. licenses, spectrum fees and right of use assets	85	94	78	117	52	95	73	197	55	99	88	133	374	417	374
Capital expenditures excl. right of use assets	85	94	78	117	52	95	73	197	55	99	177	155	374	417	486
Mobile
Post-paid subscriptions ('000)	964	976	999	1,009	1,017	1,041	1,066	1,069	1,087	1,101	1,118	1,129	1,009	1,069	1,129
of which used for machine-to-machine services ('000)	315	324	346	353	357	375	393	396	416	424	435	448	353	396	448
Pre-paid subscriptions ('000)	111	104	106	103	104	107	114	117	123	131	137	137	103	117	137
Total subscriptions ('000)	1,075	1,080	1,105	1,112	1,121	1,148	1,180	1,186	1,209	1,232	1,255	1,266	1,112	1,186	1,266
Post-paid ARPU (EUR/month)	12.2	11.8	11.6	11.5	11.7	11.6	11.8	12.0	12.0	12.1	12.3	12.7	11.8	11.8	12.3
Pre-paid ARPU (EUR/month)	3.0	3.1	3.4	3.3	3.4	3.4	3.4	3.2	3.1	3.3	3.2	3.2	3.2	3.3	3.2
Blended ARPU (EUR/month)	10.9	10.5	10.5	10.4	10.5	10.5	10.6	10.7	10.7	10.7	10.8	11.1	10.6	10.6	10.8
Blended churn (%)	25	22	22	21	20	20	19	19	22	20	23	23	23	19	22
Fixed
PSTN subscriptions ('000)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
VoIP subscriptions ('000)	239	234	230	226	223	218	215	209	204	200	196	192	226	209	192
Telephony subscriptions ('000)	239	234	230	226	223	218	215	209	204	200	196	192	226	209	192
Broadband subscriptions ('000)	243	242	243	242	242	242	242	243	242	243	241	242	242	243	242
Broadband ARPU (EUR/month)	18.9	19.0	19.1	19.4	19.5	19.7	20.0	20.1	20.3	20.5	20.7	21.3	19.1	19.8	20.7
TV subscriptions ('000)	211	209	209	208	207	207	207	207	205	203	201	200	208	207	200
TV ARPU (EUR/month)	10.5	10.7	10.7	10.9	11.0	11.3	11.7	11.5	11.6	12.0	12.1	12.5	10.7	11.4	12.1

TV and Media

TV and Media
2020	2021	2022	2020	2021	2022
SEK in millions	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	FY	FY	FY
Mobile subscription revenues	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interconnect	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other mobile service revenues	0	0	0	0	0	0	-0	0	0	0	0	0	0	0	0
Mobile Service revenues	0	0	0	0	0	0	-0	0	0	0	0	0	0	0	0
Telephony	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Broadband	1	1	1	1	0	0	0	3	0	0	0	0	4	3	1
TV	665	481	610	703	727	752	734	780	732	717	661	721	2,460	2,992	2,831
Business solutions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other fixed service revenues	0	0	1	-0	-0	0	0	0	0	0	0	0	1	-0	0
Fixed Service revenues	667	482	611	704	727	752	734	783	732	718	661	721	2,464	2,995	2,832
Advertising Revenues	1,169	1,063	995	1,595	1,142	1,500	1,115	1,773	1,264	1,576	1,193	1,786	4,822	5,530	5,820
Other Service revenues	38	37	26	41	35	19	29	38	35	39	43	58	142	122	175
Total Service revenues	1,874	1,582	1,633	2,340	1,904	2,271	1,878	2,594	2,031	2,333	1,898	2,564	7,429	8,647	8,826
Total Equipment revenues	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total external net sales	1,874	1,582	1,633	2,340	1,904	2,271	1,878	2,594	2,031	2,333	1,898	2,564	7,429	8,647	8,826
Internal net sales	0	0	-0	-0	0	0	0	-0	0	0	0	2	-0	0	3
Total net sales	1,874	1,583	1,632	2,340	1,904	2,271	1,878	2,594	2,031	2,333	1,898	2,567	7,429	8,648	8,829
Net sales growth like for like regarding exchange rates, acquisitions and disposals (%)	-2.6%	1.1%
Service revenue growth like for like regarding exchange rates, acquisitions and disposals (%)	-2.7%	1.0%
Adjusted EBITDA	-1	311	249	200	120	575	191	-7	-191	345	234	-112	758	878	277
Margin, %	-0.1%	19.7%	15.2%	8.6%	6.3%	25.3%	10.1%	-0.3%	-9.4%	14.8%	12.3%	-4.3%	10.2%	10.2%	3.1%
EBITDA	-6	285	238	178	99	526	184	-16	-190	340	231	-129	694	792	253
Margin, %	-0.4%	18.0%	14.6%	7.6%	5.2%	23.1%	9.8%	-0.6%	-9.3%	14.6%	12.2%	-5.0%	9.3%	9.2%	2.9%
Depreciation, amortization and write-downs	-194	-191	-208	-221	-206	-203	-204	-167	-192	-204	-199	-503	-814	-779	-1,098
Income from associated companies and joint ventures	0	0	0	0	0	-1	0	-0	0	-1	0	-1	1	-1	-1
Adjusted Operating income	-195	120	41	-21	-86	371	-13	-174	-383	141	35	-299	-55	99	-507
Margin, %	-10.5%	7.6%	2.5%	-0.9%	-4.5%	16.4%	-0.7%	-6.7%	-18.9%	6.0%	1.9%	-11.7%	-0.7%	1.1%	-5.7%
Operating income	-200	94	30	-43	-107	322	-20	-183	-382	135	32	-633	-120	13	-847
Margin, %	-10.8%	6.0%	1.9%	-1.8%	-5.6%	14.2%	-1.1%	-7.1%	-18.8%	5.8%	1.7%	-24.6%	-1.6%	0.1%	-9.6%
Capital expenditures excl. licenses, spectrum fees and right of use assets	45	47	34	65	23	28	23	47	20	31	62	68	192	121	182
Capital expenditures excl. right of use assets	45	47	34	65	23	28	23	47	20	31	62	68	192	121	182
Fixed
TV subscriptions ('000)	622	593	647	789	764	788	758	771	741	700	728	785	789	771	785

Other operations

Other operations
2020	2021	2022	2020	2021	2022
SEK in millions	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	FY	FY	FY
Mobile subscription revenues	324	316	316	311	322	328	338	344	357	365	376	407	1,267	1,333	1,505
Interconnect	38	35	35	13	34	35	30	18	25	24	25	8	121	117	83
Other mobile service revenues	12	12	6	13	5	6	10	4	11	9	14	4	43	26	38
Mobile Service revenues	374	363	356	337	361	369	379	367	393	398	415	420	1,430	1,476	1,626
Telephony	0	1	0	0	0	0	0	0	0	1	0	0	2	1	1
Broadband	3	2	4	2	7	1	0	1	2	3	2	1	11	10	9
TV	0	0	0	0	0	-0	0	0	0	0	0	0	0	-0	0
Business solutions	20	22	24	21	21	14	0	1	0	0	0	0	87	36	1
Other fixed service revenues	1,127	1,139	990	1,021	1,025	529	14	14	9	10	12	15	4,277	1,583	47
Fixed Service revenues	1,150	1,164	1,018	1,044	1,054	544	15	16	11	14	15	16	4,375	1,629	57
Advertising Revenues	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Service revenues	90	107	108	110	105	106	96	135	124	98	102	121	415	441	445
Total Service revenues	1,614	1,634	1,482	1,491	1,519	1,019	490	517	528	510	532	557	6,221	3,546	2,127
Total Equipment revenues	229	174	224	255	237	222	243	308	273	287	332	348	882	1,010	1,241
Total external net sales	1,843	1,808	1,706	1,746	1,757	1,241	733	825	801	797	864	905	7,103	4,556	3,368
Internal net sales	403	396	384	429	388	334	224	221	187	205	197	247	1,612	1,166	835
Total net sales	2,246	2,204	2,090	2,175	2,144	1,576	957	1,046	988	1,002	1,061	1,153	8,715	5,723	4,204
Net sales growth like for like regarding exchange rates, acquisitions and disposals (%)	5.2%	2.3%
Service revenue growth like for like regarding exchange rates, acquisitions and disposals (%)	4.4%	4.7%
Adjusted EBITDA	443	467	650	321	402	382	410	254	318	271	429	242	1,881	1,449	1,260
Margin, %	19.7%	21.2%	31.1%	14.8%	18.8%	24.3%	42.9%	24.3%	32.2%	27.1%	40.4%	21.0%	21.6%	25.3%	30.0%
EBITDA	387	240	633	395	228	6,527	256	125	242	110	317	36	1,654	7,135	704
Margin, %	17.2%	10.9%	30.3%	18.1%	10.6%	414.2%	26.8%	11.9%	24.4%	11.0%	29.9%	3.1%	19.0%	124.7%	16.7%
Depreciation, amortization and write-downs	-595	-696	-656	-404	-500	-490	-449	-697	-244	-267	-325	-849	-2,351	-2,136	-1,685
Income from associated companies and joint ventures	400	-3,163	610	-17,920	26	24	24	23	13	16	21	47	-20,073	97	96
Adjusted Operating income	248	96	45	-48	-72	-68	-14	-397	87	21	125	-60	340	-551	171
Margin, %	11.0%	4.3%	2.1%	-2.2%	-3.3%	-4.3%	-1.5%	-37.9%	8.8%	2.1%	11.7%	-5.2%	3.9%	-9.6%	4.1%
Operating income	192	-3,619	587	-17,930	-247	6,060	-169	-549	10	-141	13	-767	-20,770	5,096	-884
Margin, %	8.5%	-164.2%	28.1%	-824.3%	-11.5%	384.6%	-17.6%	-52.5%	1.1%	-14.0%	1.2%	-66.5%	-238.3%	89.0%	-21.0%
Capital expenditures excl. licenses, spectrum fees and right of use assets	1,231	1,395	1,099	1,520	1,257	1,381	1,230	1,787	1,384	1,706	1,385	1,983	5,245	5,655	6,458
Capital expenditures excl. right of use assets	1,231	1,395	1,099	1,520	1,257	1,381	1,230	1,787	1,424	1,706	1,385	1,983	5,245	5,655	6,499

Latvia

Latvia (included in Other operations)
2020	2021	2022	2020	2021	2022
SEK in millions	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	FY	FY	FY
Mobile subscription revenues	320	313	311	307	318	305	326	331	344	351	361	391	1,251	1,280	1,447
Interconnect	38	35	35	13	34	35	30	18	25	24	25	8	121	117	83
Other mobile service revenues	10	9	10	13	5	6	10	4	7	9	13	4	42	26	33
Mobile Service revenues	367	357	356	333	357	346	366	354	376	384	400	404	1,414	1,423	1,563
Telephony	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Broadband	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
TV	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Business solutions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other fixed service revenues	0	0	0	0	0	0	0	-0	0	0	0	0	0	-0	0
Fixed Service revenues	0	0	0	0	0	0	0	-0	0	0	0	0	0	-0	0
Advertising Revenues	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Service revenues	21	24	33	32	23	31	30	41	33	35	42	56	110	125	166
Total Service revenues	388	381	388	365	380	378	396	395	409	418	442	459	1,523	1,548	1,729
Total Equipment revenues	214	170	217	241	225	213	232	317	280	287	333	348	841	987	1,248
Total external net sales	602	551	605	606	605	590	628	712	689	705	775	807	2,364	2,535	2,977
Internal net sales	4	4	4	4	4	12	4	7	7	8	9	64	16	27	88
Total net sales	606	555	609	611	608	603	632	719	697	714	784	871	2,381	2,562	3,065
Net sales growth like for like regarding exchange rates, acquisitions and disposals (%)	12.6%	7.1%
Service revenue growth like for like regarding exchange rates, acquisitions and disposals (%)	7.9%	3.5%
Adjusted EBITDA	199	175	204	201	196	192	211	241	206	218	202	264	778	840	890
Margin, %	32.8%	31.5%	33.5%	32.9%	32.3%	31.9%	33.4%	33.5%	29.6%	30.5%	25.7%	30.3%	32.7%	32.8%	29.0%
EBITDA	199	175	204	201	196	192	211	241	206	218	202	264	778	840	890
Margin, %	32.8%	31.5%	33.5%	32.9%	32.3%	31.9%	33.4%	33.5%	29.6%	30.5%	25.7%	30.3%	32.7%	32.8%	29.0%
Mobile
Post-paid subscriptions ('000)	1,115	1,112	1,126	1,136	1,155	1,165	1,174	1,185	1,190	1,201	1,220	1,213	1,136	1,185	1,213
of which used for machine-to-machine services ('000)	333	327	333	341	361	365	370	380	382	387	396	401	341	380	401
Pre-paid subscriptions ('000)	189	177	174	171	166	162	164	162	159	171	183	186	171	162	186
Total subscriptions ('000)	1,304	1,289	1,301	1,307	1,320	1,327	1,338	1,347	1,349	1,372	1,403	1,399	1,307	1,347	1,399
Post-paid ARPU (EUR/month)	13.1	12.8	12.9	12.8	13.5	12.8	13.2	13.5	13.4	13.5	13.6	15.8	12.9	13.2	14.1
Pre-paid ARPU (EUR/month)	5.2	4.8	5.6	5.5	5.3	5.7	6.0	5.6	5.3	5.5	5.3	3.3	5.3	5.6	4.9
Blended ARPU (EUR/month)	11.5	11.3	11.6	11.5	12.0	11.6	12.0	12.2	12.1	12.1	12.1	13.5	11.5	12.0	12.4
Blended churn (%)	30	28	30	27	26	26	27	26	28	27	32	37	29	26	31
Fixed
PSTN subscriptions ('000)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
VoIP subscriptions ('000)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Telephony subscriptions ('000)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Broadband subscriptions ('000)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Broadband ARPU (EUR/month)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
TV subscriptions ('000)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
TV ARPU (EUR/month)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Telia Carrier

Telia Carrier (included in Other operations)
2020	2021	2022	2020	2021	2022
SEK in millions	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	FY	FY	FY
Mobile subscription revenues	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interconnect	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other mobile service revenues	-0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Mobile Service revenues	-0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Telephony	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Broadband	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
TV	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Business solutions	20	21	22	21	21	14	0	0	0	0	0	0	84	35	0
Other fixed service revenues	1,114	1,122	983	1,007	1,019	515	0	0	0	0	0	0	4,226	1,534	0
Fixed Service revenues	1,134	1,144	1,005	1,028	1,040	529	0	0	0	0	0	0	4,310	1,569	0
Advertising Revenues	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Service revenues	4	9	13	16	15	13	0	0	0	0	0	0	42	28	0
Total Service revenues	1,138	1,153	1,018	1,043	1,055	542	0	0	0	0	0	0	4,352	1,597	0
Total Equipment revenues	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total external net sales	1,138	1,153	1,018	1,043	1,055	542	0	0	0	0	0	0	4,352	1,597	0
Internal net sales	222	220	214	227	206	142	0	0	0	0	0	0	883	347	0
Total net sales	1,360	1,373	1,232	1,270	1,261	683	0	0	0	0	0	0	5,235	1,944	0
Net sales growth like for like regarding exchange rates, acquisitions and disposals (%)
Service revenue growth like for like regarding exchange rates, acquisitions and disposals (%)
Adjusted EBITDA	228	243	213	225	214	156	0	0	0	0	0	0	909	371	0
Margin, %	16.8%	17.7%	17.3%	17.7%	17.0%	22.8%	17.4%	19.1%
EBITDA	228	243	213	222	214	6,579	0	-20	0	0	0	0	906	6,772	0
Margin, %	16.8%	17.7%	17.3%	17.5%	17.0%	962.8%	17.3%	348.4%
Mobile
Post-paid subscriptions ('000)
of which used for machine-to-machine services ('000)
Pre-paid subscriptions ('000)
Total subscriptions ('000)
Post-paid ARPU (EUR/month)
Pre-paid ARPU (EUR/month)
Blended ARPU (EUR/month)
Blended churn (%)
Fixed
PSTN subscriptions ('000)
VoIP subscriptions ('000)
Telephony subscriptions ('000)
Broadband subscriptions ('000)
Broadband ARPU (EUR/month)
TV subscriptions ('000)
TV ARPU (EUR/month)

Foreign exchange rates
2020	2021	2022	2020	2021	2022
SEK	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	FY	FY	FY
Denmark / Krone	1.4275	1.4293	1.3920	1.3794	1.3602	1.3643	1.3710	1.3613	1.4084	1.4074	1.4278	1.4707	1.4070	1.3644	1.4287
EMU/ Euro	10.6655	10.6598	10.3629	10.2672	10.1159	10.1455	10.1956	10.1254	10.4795	10.4702	10.6217	10.9401	10.4880	10.1471	10.6290
Norway / Krone	1.0239	0.9671	0.9713	0.9545	0.9857	1.0052	0.9872	1.0154	1.0555	1.0457	1.0564	1.0526	0.9791	0.9985	1.0528
Turkey / Lira	1.5836	1.4101	1.2277	1.0937	1.1376	1.0044	1.0126	0.8160	0.6699	0.6243	0.5879	0.5763	1.3280	0.9902	0.6139
Note:
Quarterly FX-rates presented as quarterly averages
Full year FX-rates presented as full year averages

Definitions

Definitions
Net sales specification
Mobile subscription revenues	External net sales related to voice, messaging, data and content (including machine-to-machine)
Interconnect	External net sales related to mobile termination
Other mobile service revenues	External net sales related to visitors' roaming, wholesale and other services
Telephony	External net sales related to fixed telephony services
Broadband	External net sales related to fixed broadband services
TV	External net sales related to TV end-customers and TV wholesale
Business solutions	External net sales related to fixed business networking and communication solutions
Other fixed service revenues	External net sales of fixed services including fiber installation, wholesale and other infrastructure services
Advertising revenues	External net sales related to linear and digital/AVoD media, sponsorships and other types of advertising
Service revenues	External net sales excluding equipment sales
Equipment revenues	External equipment net sales
Internal net sales	Group internal net sales
KPIs
Mobile ARPU	Calculated based on interconnect and mobile subscription revenues, excluding machine-to-machine revenues, divided by the average number of mobile subscriptions excluding machine-to-machine
Mobile blended churn	Annualized churn calculated as the number of terminated/lost subscriptions as % of the average number of subscriptions, excluding machine-to-machine subscriptions and excluding internal migration
Mobile subscriptions	Number of mobile prepaid and postpaid subscriptions at the end of the period including machine-to-machine and mobile broadband
PSTN subscriptions	Total number of PSTN subscriptions at the end of the period
VoIP subscriptions	Total number of VoIP subscriptions at the end of the period
Telephony subscriptions	Total number of PSTN and VoIP subscriptions at the end of the period
Broadband subscriptions	Total number of fixed broadband subscriptions at the end of the period
Broadband ARPU	Calculated based on fixed broadband revenues divided by the average number of fixed broadband subscriptions
TV subscriptions	Total number of TV subscriptions at the end of the period
TV ARPU	Calculated based on TV revenues divided by the average number of TV subscriptions
Other
Other Operations	Comprise Corporate functions, Telia Carrier, Telia Finance, Latvia (mobile) and associated companies Turkey and Latvia (fixed)

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Telia Company AB published this content on 26 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 January 2023 12:22:06 UTC.

Market Closed - Nasdaq Stockholm Other stock markets 12:00:01 2024-07-17 EDT			5-day change	1st Jan Change
28.63 ^SEK	+0.49%		+1.78%	+11.27%

07-01	New semester, new state of mind
06-25	Pareto Securities Downgrades Telia to Hold from Buy, Trims PT	MT

New semester, new state of mind	07-01
Pareto Securities Downgrades Telia to Hold from Buy, Trims PT	06-25	MT
Orange and Bouygues in the turmoil of dissolution	06-17
Fabege Renegotiates Telia Lease at Swedish Property	06-05	MT
Nokia: successful pilot project with Telia for 5G and 6G	06-04	CF
Telia’s Group COO to Exit by May-end	05-17	MT
Telia Company Announces Upcoming Change to Management Team	05-17	CI
Nokia: Telia Denmark honored by Umlaut	05-06	CF
Transcript : Telia Company AB, Q1 2024 Earnings Call, Apr 25, 2024	04-25
Telia's Q1 core earnings slightly below expectations	04-25	RE
Telia Company AB Reports Earnings Results for the First Quarter Ended March 31, 2024	04-25	CI
EMEA Morning Briefing : Shares Seen Lower; Earnings, U.S. GDP Data in Focus	04-25	DJ
Telia Company AB Approves Dividend, Payable on April 17, 2024, August 6, 2024, November 5, 2024, and February 12, 2025, Respectively	04-10	CI
Policy push for carbon removal credits lures finance, aviation	04-05	RE
Spotify: new CFO recruited by Saab	04-04	CF
Sweden’s Telia Concludes Sale of Danish Operations to Norlys	04-02	MT
Norlys a.m.b.a. completed the acquisition of Operations and network assets of Telia in Denmark.	04-01	CI
Telia Company Announces an Upcoming Change to the Group Executive Management Team	03-12	CI
Telia Company AB Announces Pricing of Its Cash Tender Offer in Respect of its Outstanding EUR 650,000,000 3.875% Notes Due 1 October 2025 and EUR 500,000,000 3.00% Notes Due 7 September 2027	03-11	CI
Telia Launches Tender Offer For Four Series of Notes	03-04	MT
InCoax Networks Names New Chief Commercial Officer	03-01	MT
Telia Secures Regulatory Approval in Denmark for Sale of Telia Denmark	02-28	MT
TH1NG, Valokuitunen Enter 18-month Partnership for IoT Services in Finland	02-15	MT
UBS Trims Telia PT, Maintains Buy Recommendation	02-13	MT
TELIA : UBS remains Buy, adjusts its target	02-13	CF

	1st Jan change	Capi.
TELIA COMPANY AB	+11.27%	10.55B
CHINA MOBILE LIMITED	+15.74%	216B
VERIZON COMMUNICATIONS	+10.81%	174B
DEUTSCHE TELEKOM AG	+10.53%	128B
NIPPON TELEGRAPH AND TELEPHONE CORPORATION	-7.31%	83.35B
CHINA TELECOM CORPORATION LIMITED	+24.33%	76.7B
AMÉRICA MÓVIL, S.A.B. DE C.V.	+2.86%	56.4B
SAUDI TELECOM COMPANY	-4.08%	51.7B
CHARTER COMMUNICATIONS, INC.	-14.90%	47.16B
EMIRATES TELECOMMUNICATIONS GROUP COMPANY	-17.62%	38.31B

Telia Company AB

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TELIA

SE0000667925

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