
Overview
Nordic telecom operator's Q4 revenue rose 4% organically yr/yr
Q4 underlying EBITDAaL grew 13% organically, driven by cost control
Company proposes SEK 10.50 per share dividend, 118% of 2025 equity free cash flow
Outlook
Tele2 expects low single-digit organic EUSR growth in 2026
Company anticipates low to mid-single-digit organic EBITDAaL growth in 2026
Tele2 plans capex to sales ratio of 10–11% for 2026
Result Drivers
EUSR GROWTH - Tele2's Q4 end-user service revenue increased 4% organically, driven by growth across all operations
COST CONTROL - Tele2's Q4 underlying EBITDAaL rose 13% organically, attributed to sharp cost control and EUSR growth
5G UPGRADES - Tele2 accelerated nationwide 5G upgrades following 2G/3G shutdown
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue |
| SEK 8 bln |
|
Q4 EPS |
| SEK 1.77 |
|
Q4 Net Income |
| SEK 1.20 bln |
|
Q4 Underlying EBITDAaL |
| SEK 3 bln |
|
Q4 Free Cash Flow |
| SEK 800 mln |
|
Q4 Pretax Profit |
| SEK 1.50 bln |
|
Analyst Coverage
The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 21 three months ago
Press Release: ID:nWkr2rwyC
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