Sweden · Delayed Price · Currency is SEK Tele2 AB Earnings Call Transcripts
Fiscal Year 2026
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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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Q3 2025 saw 2% end-user service revenue growth and 11% EBITDA growth, with strong cash flow and successful 5G rollout. CapEx guidance was lowered due to investment reprioritization, while workforce reductions and contract renegotiations supported profitability.
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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 and EBITDA grew 3% and 2% organically, respectively, in Q3, with strong cash flow and leverage below target. The company advanced its 5G rollout, launched a Disney+ bundle, and continued legacy migrations, while reiterating 2024 guidance and midterm outlook.
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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.