Sweden · Delayed Price · Currency is SEK Tele2 AB Earnings Call Transcripts
Fiscal Year 2026
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Group end-user service revenue rose 2% and underlying EBITDA grew 4% year-over-year, with strong cost control and solid cash flow. The company remains on track for its 2026 guidance, despite competitive pressures and macro uncertainties.
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Q1 2026 saw 3% revenue and 11% EBITDA growth year-over-year, with strong cash flow and reduced leverage following the Baltic Tower transaction. Swedish and Baltic segments both delivered solid performance, while ongoing transformation and automation initiatives support efficiency amid competitive and geopolitical pressures.
Fiscal Year 2025
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Q4 and full-year 2025 saw strong revenue and EBITDA growth, record cash flow, and a 65% dividend increase. 2026 guidance is cautious amid macro uncertainty, with continued focus on cost discipline and network leadership.
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End-user service revenue rose 2% and underlying EBITDA grew 11% year-over-year, with strong cash flow and Baltic performance. The 5G rollout in Sweden is complete, and cost control plus workforce reductions are driving profitability. CapEx guidance for 2025 is lowered, with continued focus on efficiency and transformation.
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Transformation efforts drove 15% EBITDAaL growth and strong cash flow, with cost savings and contract renegotiations ahead of plan. Guidance for 2025 EBITDAaL growth was raised, while macro headwinds and regulatory challenges persist.
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Q1 saw improved cash flow and EBITDA growth, driven by transformation efforts and strong Baltic performance, while Swedish revenue was flat due to Boxer TV decline. Full-year guidance is reiterated, with ongoing cost optimization and 5G rollout on track.
Fiscal Year 2024
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Q4 and full-year 2024 results met guidance, with stable Sweden and strong Baltic growth. A major transformation is underway, including a 15% workforce reduction and cost optimization, aiming for improved profitability and mid to high single-digit EBITDA growth in 2025.
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End-user service revenue grew 3% organically, with all segments contributing and underlying EBITDA up 2%. Strong cash flow and low leverage support ongoing investments in 5G and digitalization, while guidance and outlook remain unchanged for 2024.
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End user service revenue grew 4% organically in Q2 2024, with underlying EBITDA up 3% year-over-year, driven by strong performance in Sweden B2C and the Baltics. The company completed major IT consolidation, advanced its digitalization, and maintained a strong balance sheet, reiterating its 2024 guidance.