TeliaSonera stays solid

TeliaSonera’s (OMX: TLSN) net sales climbed to 25.7 billion SEK on Q1 2012. This is a 2.9% growth in local currencies. EBITDA was down slightly to 8.82 billion with earnings per share at 0.90 SEK (about 0.1 EUR). Free cash flow dipped just below 2.2 billion on higher CAPEX and interests paid. The company expects 1-2% growth in net sales for the full-year. EBITDA margin in local currencies is expected to remain flat vs. 2011 (35.4%). The reported numbers were slightly below market expectations. This coupled with the fallout from the criticism yesterday has led to a small dip in the share price so far today.