Tele 2 Quarterly Report

In the first six months of 2004 Tele2 increased profit after tax by 38% with a record cash flow after investing activities of SEK 2.4 billion.

• Operating revenue for the first six months increased by 18% to MSEK 21,090 (MSEK 17,841)
• Profit after tax for the first six months increased by 38% to MSEK 653 (MSEK 472)
• Earnings per share after tax for the first six months increased to SEK 4.41 (SEK 3.19)
• Net addition of over 1 million customers in the second quarter to a total of 24.9 (18.7) million • Cash flow after investing activities for the second quarter amounted to MSEK 1,167 (MSEK 965)