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BRIEF-Com Hem Q3 core profit b​eats expectations, eyes 50 pct higher 2018 dividend
October 17, 2017 / 5:47 AM / a month ago

BRIEF-Com Hem Q3 core profit b​eats expectations, eyes 50 pct higher 2018 dividend

Oct 17 (Reuters) - Com Hem Holding Ab:

* Q3 ‍revenue saw a strong increase of 36.0% to sek 1,780 m while organic revenue excluding boxer rose by 3.6% to sek 1,357 m​

* q3 ‍underlying EBITDA saw a strong increase of 18.8% to sek 762 m​

* Says ‍board intends to propose a change to mix of shareholder remuneration by increasing cash dividend by 50 percent from SEK 4.00 per share to SEK 6.00 per share to be paid out semi-annually in march and September, 2018

* Says ‍alongside cash dividend we intend to continue to do buybacks of some SEK 40m-50m per month in 2018

* Says ‍we continue work to attain an MVNO (mobile virtual network operator) agreement

* Reuters poll: Com Hem q3 adjusted ebitda was seen at SEK 746 million, revenue at 1.80 billion

* Com hem holding ab says guidance for the group unchanged since q2 2017‍​ Source text for Eikon: Further company coverage: (Reporting By Olof Swahnberg)

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