Tele2 Reports Strong Financial Performance
Tele2, a leading telecommunications company, has announced a 6% increase in its underlying EBITDAAL thanks to increased revenues in the Baltics and improved cost discipline across the organization. This growth is a result of a significant cultural shift within Tele2 that emphasizes cost awareness and challenges procurement practices. CEO Jean Marc Harion attributes this success to the company’s focus on reviewing its 350 largest contracts and driving a culture of cost-consciousness.
The company’s revenue totaled 7,152 million SEK, slightly below analyst consensus of 7,269 million SEK. Service revenues from end customers reached 5,402 million SEK, reflecting a steady growth trajectory.
Tele2’s underlying EBITDA result stood at 3,125 million SEK, surpassing expectations of 3,030 million SEK, with an EBITDA margin of 43.7%. The underlying EBITDAAL result was 2,709 million SEK, exceeding estimates of 2,644 million SEK.
Operating profit reached 1,315 million SEK, slightly lower than expected, but with a healthy operating margin of 18.4%. Net profit after tax amounted to 875 million SEK, translating to earnings per share of 1.26 SEK.
As part of its transformation plan, Tele2 has eliminated over 450 roles by mid-April, demonstrating a commitment to operational efficiency and cost management. The company reiterates its full-year forecasts, expecting low single-digit organic growth in service revenues from end customers and a moderate to high single-digit increase in underlying EBITDAAL on an organic basis.
Tele2 anticipates that capital expenditures (capex) will remain around 13% of total revenue. This strategic approach to investment aligns with the company’s goal of sustainable growth and financial stability.
| Tele2, Mkr | Q1-2025 | Konsensus | Förändring mot konsensus | Q1-2024 |
|---|---|---|---|---|
| Omsättning | 7,152 | 7,269 | -1.6% | N/A |
| Tjänsteintäkter från slutkund | 5,402 | 5,340 | 1.2% | N/A |
| Underliggande EBITDA | 3,125 | 3,030 | 3.1% | N/A |
| Underliggande EBITDAAL | 2,709 | 2,644 | 2.5% | N/A |
| Rörelseresultat | 1,315 | 1,469 | -10.5% | N/A |
| Resultat efter skatt | 875 | 833 | 5.0% | N/A |
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