Telia's 2Q24 update shows momentum for recovery and a good upside for 2024-2025. Telia's financial profile remains strong with operational traction, revenue growth, and reduced leverage. Despite risks related to valuation, Telia is considered a "BUY" with a price target of 35 SEK.
The Board of Telia Lietuva, AB (hereinafter “Telia Lietuva” or “the Company”) approved unaudited Telia Lietuva, AB Interim Financial Statements, prepared according to International Financial Reporting Standards as adopted by the European Union, for 6 months' period ended 30 June 2024.
On 3 June 2024, Giedrė Kaminskaitė-Salters, CEO of Telia Lietuva, made a presentation to investors at Nasdaq Baltic organized event CEO Meets Investors.
The new organizational structure of the telecommunications company Telia Lietuva, AB (hereinafter "Telia Lietuva" or the Company) from 1 July 2024 will be supplemented by two new managers - Aurimas Žlibinas will head Enterprise (B2B) unit, and Vygintas Domarkas will be appointed as the Head of the newly created Digital Transformation unit. Both members of Telia Lietuva's management team were selected from the Company's internal candidates.