Tele2 slips as 2026 EBITDAaL guidance 'seems light'

Tele2 AB

28/01/2026 08:38

** Swedish telecoms operator Tele2's stock TEL2b.ST falls 4% after the company reported broadly in-line quarterly results and issued 2026 guidance

** It sees underlying EBITDAaL growing 'low to mid-single-digit' in 2026, which in J.P.Morgan says implies downgrades to consensus

** JPM says that currently underlying EBITDAL consensus sits at +6.9%, while its own estimate is at +7.5%

** In Berenberg's view the forecast seems light at EBITDAaL

** The guidance is pro-forma, so including FX adjustments it could disappoint, Berenberg adds

** Shares on track for its worst day since April 2025

($1 = 8.8131 Swedish crowns)

 (Reporting by Agnieszka Olenska)

 ((Agnieszka.Olenska@thomsonreuters.com;))