Sales of TeliaSonera in Azerbaijan market increase by 17 percent

Azerbaijan Materials 17 October 2012 19:46 (UTC +04:00)

Azerbaijan, Baku, Oct 17 /Trend H.Verdiyev/

TeliaSonera's sales in the Azerbaijani market increased by 17 percent in January-September, the company said on Wednesday.

Net sales increased from 2.521 million Swiss kronas to 2.950 million Swiss kronas compared to the same period in 2011.

Sales in local currency increased by 11.3 percent in the third quarter (from 882 million SEK to 982 million SEK).

Net sales of TeliaSonera in local currency, excluding acquisitions, increased by 10 percent for the nine months. The figure was 8.8 percent for July-September.

Coefficient of EBITDA (earnings before the deduction of interest, taxes, and amortization) in Azercell Telekom exceeded 50 percent as a result of higher revenues and improved gross margins.

Fintur Holdings B. V, in which TeliaSonera owns 74 percent, has a stake in the company Azercell, a mobile network operator in Azerbaijan.

Official exchange rate on Oct 17 is 0.119 AZN/SEK