Tele2 AB reported consolidated earnings results for the fourth quarter and consolidated and parent earnings results for the year ended December 31, 2016. For the quarter, on consolidated basis, the company reported net sales of SEK 8,217 million compared to SEK 6,943 million a year ago. Operating profit/EBIT was SEK 246 million compared to SEK 364 million a year ago. Profit after financial items/EBT was SEK 47 million compared to SEK 228 million a year ago. Net loss from continuing operations was SEK 177 million compared to profit of SEK 45 million a year ago. Net loss attributable to equity holders of the parent company was SEK 98 million or SEK 0.17 per basic and diluted share compared to profit of SEK 45 million or SEK 0.10 per basic and diluted share a year ago. Cash flows from operating activities were SEK 1,337 million compared to SEK 1,734 million a year ago. CapEx paid was SEK 943 million compared to SEK 896 million a year ago. EBITDA was SEK 5,334 million compared to SEK 5,757 million a year ago. Net debt amounted to SEK 10,628 million as on December 31, 2016 against SEK 9,878 million as on December 31, 2015. Negative return on equity was 4.5% against return on equity of 14.0% a year ago. The company announced that CapEx decline of 12% versus the same period last year, primarily due to the Netherlands and Croatia, where the company saw high spend levels for rolled out activities last year.

For the year, on consolidated basis, the company's net sales were SEK 28,292 million against SEK 26,856 million a year ago. Operating loss was SEK 1,219 against operating profit of SEK 2,447 million a year ago. Operating loss/LBIT was SEK 1,234 million compared to operating profit/EBIT of SEK 2,012 million a year ago. Loss after financial items/LBT was SEK 1,219 million compared to profit after financial items/EBT of SEK 2,447 million a year ago. Net loss from continuing operations was SEK 2,164 million compared to profit of SEK 1,268 million a year ago. Net loss attributable to equity holders of the parent company was SEK 1,862 million or SEK 4.12 per diluted share compared to profit of SEK 1,268 or SEK 2.75 per diluted share a year ago. Cash flows from operating activities were SEK 5,017 million compared to SEK 3,529 million a year ago. CapEx paid was SEK 3,800 million compared to SEK 4,015 million a year ago. EBITDA was SEK 1,459 million compared to SEK 1,337 million a year ago.

For the year, on parent basis, the company's net sales were SEK 28 million against SEK 53 million a year ago. Operating loss was SEK 77 against SEK 68 million a year ago. Loss after financial items, EBT was SEK 480 million compared to SEK 231 million a year ago.
Net profit was SEK 229 million against loss of SEK 175 million a year ago.

For the year 2017, the company expected net sales of between SEK 31 billion and 32 billion, EBITDA of between SEK 5.9 billion and 6.2 billion, and CAPEX level of between SEK 3.8 billion and 4.1 billion.

For the quarter, the company reported total impairment of goodwill of SEK 34 million.