Sweden · Delayed Price · Currency is SEK Telia Company AB Earnings Call Transcripts
Fiscal Year 2026
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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
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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.
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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.
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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.
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Q1 2025 results met expectations with 2% service revenue growth and nearly 7% EBITDA growth, driven by Sweden and the Baltics. The sale of the TV and media business and ongoing cost efficiencies support a positive outlook, with full-year guidance and free cash flow targets reaffirmed.
Fiscal Year 2024
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Delivered on all 2024 financial targets, including service revenue and EBITDA growth, while implementing a major cost reduction program and portfolio optimization. 2025 guidance targets at least 5% EBITDA growth and SEK 8 billion free cash flow, with continued focus on efficiency and dividend coverage.
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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.
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A new value creation plan focuses on radical simplification, decentralization, and execution, targeting 2% annual service revenue growth, 4% EBITDA CAGR, and at least SEK 10 billion free cash flow by 2027. Major cost savings, operational turnaround in Sweden, and a shift to digital in TV/media underpin the strategy, with disciplined capital allocation and progressive dividends.
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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.