Sweden's Tele2 Q1 revenue rises 3%, EBITDAaL up 11%

Tele2 AB

22/04/2026 06:10

Overview

Sweden telecom operator's Q1 revenue grew 3% organically yr/yr

Underlying EBITDAaL (earnings before interest, tax, depreciation, mortisation, and lease costs) for Q1 rose 11% organically, driven by cost control and service revenue growth

Company completed Baltic tower transaction, booking SEK 5.1 bln capital gain

Outlook

Tele2 did not provide specific financial guidance or outlook for the current or coming quarters

Result Drivers

SERVICE REVENUE GROWTH - Co said Q1 organic revenue growth was driven by increased end-user service revenue across all operations

COST CONTROL - Co attributed 11% organic growth in underlying EBITDAaL to sharp cost control across all operations

BALTIC TOWER TRANSACTION - Co said SEK 5.1 bln capital gain from Baltic tower company transaction drove increase in Q1 pretax profit

Company press release: ID:nWkr3BsrCb

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
SEK 7.20 bln
Q1 EPS
SEK 9.20
Q1 Net Income
SEK 6.40 bln
Q1 Adjusted EBITDA
SEK 2.90 bln
Q1 Free Cash Flow
SEK 2.20 bln
Q1 Pretax Profit
SEK 6.70 bln


Analyst Coverage

The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 19 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)