Sweden · Delayed Price · Currency is SEK Telia Company AB Earnings Call Transcripts
Fiscal Year 2026
-
Service revenue and EBITDA grew year-over-year, with strong performance in Sweden and Lithuania and improvements in Norway and Estonia. CapEx and leverage remain disciplined, and free cash flow exceeded expectations, supporting full-year guidance.
-
Q1 saw solid service revenue and EBITDA growth, driven by strong performance in Sweden and Lithuania, with improvements in Finland and Norway. Free cash flow exceeded expectations, and the company remains on track with its efficiency and capital allocation targets.
Fiscal Year 2025
-
Strong Q4 and full-year results with service revenue and EBITDA growth, robust free cash flow, and improved efficiency. Sweden led performance, while Finland and Norway faced challenges but are expected to improve. Dividend raised and guidance for 2026 remains positive.
-
Customer satisfaction and operational efficiency improved across all markets, driving 4.4% EBITDA growth and a 1% rise in service revenue year-over-year. Free cash flow outlook was upgraded to SEK 8 billion, with capex guidance lowered to SEK 13 billion, and leverage reduced to 1.93x net debt/EBITDA.
-
EBITDA grew 6.2% year-over-year, driven by strong performance in Sweden and Finland, while Norway lagged due to fixed business challenges. Strategic moves included the Bredband2 acquisition and Latvian exit, with leverage reduced to 2.09x and full-year outlook reiterated.
-
Q1 2025 saw service revenue and EBITDA growth in line with expectations, driven by Sweden and the Baltics, while Finland and Norway faced headwinds. The sale of the TV and media business and ongoing cost efficiencies support a positive outlook, with guidance for 2025 and long-term free cash flow targets reaffirmed.
Fiscal Year 2024
-
2024 results met all key financial targets, with service revenue and EBITDA growth, strong cost control, and CapEx below guidance. The company is focused on delivering 2025 targets, including at least 5% EBITDA growth and SEK 8 billion free cash flow, supported by ongoing efficiency and pricing initiatives.
-
Q3 saw continued service revenue and EBITDA growth, driven by consumer, TV, and media segments, with upgraded full-year EBITDA and CapEx guidance. Regulatory and legacy headwinds persist, but efficiency measures and pricing initiatives support margin expansion and future growth.
-
A comprehensive transformation plan aims to simplify operations, decentralize decision-making, and drive profitable growth, targeting 2% annual service revenue growth, 4% EBITDA CAGR, and at least SEK 10 billion free cash flow by 2027. The plan includes SEK 2.6 billion in annual savings, a focus on core markets, and a commitment to sustainability and disciplined capital allocation.
-
Q2 2024 saw continued growth in service revenue and EBITDA, driven by strong consumer and TV/media performance, with digital revenue offsetting linear declines. Full-year guidance is unchanged, though Q3 is expected to be softer before a rebound in Q4.