Tele2 AB

TEL2 B

Equity

ISIN SE0005190238 / Valor 21358576

NASDAQ Nordic Exchange Stockholm, Equities (2024-12-23)

SEK 108.70-0.05%

Tele2 AB
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About company

Tele2 AB is a telecommunications company with a significant presence in the Nordic and Baltic regions, aiming to lead in these markets through its comprehensive portfolio of fixed and mobile network services. The company, known for its strong brand and commitment to innovation, primarily operates in Sweden—its largest market—as well as in Estonia, Latvia, and Lithuania. Tele2 AB focuses on delivering a superior customer experience by offering a range of telephony and broadband services, underpinned by its investments in 5G and network capabilities to ensure faster and more reliable connectivity. The company also emphasizes operational efficiency and digital transformation in its business processes to enhance service delivery and maintain competitive shareholder returns. With a strategic approach to market segmentation and a commitment to leveraging technology to meet customer needs, Tele2 AB aims to sustain growth and remain a key player in the telecommunications industry.

Summarized from source with an LLMView SourceSector: Telecommunications

Revenue Growth

In the third quarter of 2024, Tele2 AB reported a total revenue of SEK 7.4 billion, marking a 3% organic increase compared to the same quarter in 2023. This growth was primarily driven by the expansion across various operations within the company.

Service Revenue

Tele2 AB's end-user service revenue reached SEK 5.5 billion in Q3 2024, reflecting a 3% organic growth from Q3 2023. The increase was attributed to the positive performance across different business lines.

Profit and Earnings

For the third quarter of 2024, Tele2 AB reported a profit after financial items (EBT) of SEK 1.4 billion, up from SEK 1.3 billion in the previous year. The net profit from total operations remained steady at SEK 1.1 billion, with earnings per share increasing to SEK 1.60 from SEK 1.54 in Q3 2023.

Cash Flow

Tele2 AB's equity free cash flow for Q3 2024 was SEK 1.1 billion, compared to SEK 1.9 billion in the same quarter of the previous year. Over the last twelve months, the company generated SEK 4.1 billion, equivalent to SEK 5.9 per share.

Outlook

Tele2 AB has maintained its full-year 2024 guidance and mid-term outlook. The company continues to focus on growth across all business lines and is on track to complete the 5G swap in Sweden, with positive momentum observed in the Baltic markets.

Summarized from source with an LLMView Source

Key figures

26.4%1Y

-13.3%3Y

-20.6%5Y

Performance

19.6%1Y

24.4%3Y

25.1%5Y

Volatility