Telia's Q1 Earnings Beat Street, Driven by Strong Demand

Swedish telecom giant Telia surpasses expectations in Q1, with adjusted core profit rising 4% to SEK 7.94 billion. Service revenues grow 2.1% across most markets, driven by Sweden and Lithuania. Lower operational costs and strong demand for their services, particularly for AI-reliant tech, contribute to a healthier bottom line. Telias CEO, Patrik Hofbauer, attributes the success to booming demand and their reliable, high-speed connections. The company is well-positioned for the rest of the year, with lower expenses keeping margins tight. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/c63f8effdc133d37