Highlights
- End-user service revenue of
SEK 5.3 billion increased by 4% organically compared to Q1 2023 due to solid performance across operations. Total revenue ofSEK 7.2 billion increased by 2% compared to Q1 2023. -
Underlying EBITDAaL of
SEK 2.6 billion increased by 2% organically compared to Q1 2023, as end-user service revenue growth exceeded the cost inflation. -
Q1 2024 profit after financial items (EBT) of
SEK 1.0 (1.1) billion. -
Net profit from total operations of
SEK 0.8 (0.8) billion and earnings per share ofSEK 1.20 (1.23). -
Equity free cash flow of
SEK 1.3 (1.1) billion. Over the last twelve months,SEK 4.9 billion has been generated, equivalent toSEK 7.1 per share. - Full year 2024 guidance and mid-term outlook reiterated.
Kinnevik agreed to sell its shareholding inTele2 to Freya Investissement, jointly controlled by iliad and its Chairman and founder Xaviel Niel throughNJJ Holding . Subject to the completion of the transaction, Freya will be the new largest shareholder inTele2 .Tele2 among less than 2% of assessed companies globally to achieve CDP's top 'A List' for climate change efforts.Tele2 on Equileap's global top 100 list for corporate gender equality efforts.
Comment from
"I am pleased to say that we are off to a good start in 2024. Having built momentum in our Swedish business in 2023, we now see continued growth while maintaining high pace in our 5G roll-out and digital transformation efforts. Performance in the Baltics is also good, primarily led by a strong performance in
"Moving into Q2, we are cautiously optimistic that consumer sentiment in our operations will gradually improve as we see reduced inflation and lower interest rates in our markets. These improvements should be supportive for the economy overall and our business over the next quarters."
Teleconference and webcast
Registration for the webcast and a separate registration for the teleconference is available at www.tele2.com.
For the teleconference, please note that dial-in numbers and unique PIN code (or a 'call-me' facility) will be provided when you register at www.tele2.com. To make sure you are connected in time for the teleconference, please register at least a few minutes in advance.
For more information, please contact:
Fredrik Hallstan, Head of External Communications Phone: +46 761 15 38 30
This information is information that
https://news.cision.com/tele2-ab/r/tele2-interim-report-first-quarter-2024,c3963300
https://mb.cision.com/Main/3372/3963300/2740451.pdf
https://mb.cision.com/Public/3372/3963300/b12649e9322c3c98.pdf
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