Outlook hike gives boost to Telia shares

Telia AB

23/10/2025 08:40

** Shares in Swedish telecom Telia TELIA.ST rise around 5% after the company posted its Q3 print slightly above market expectations and hiked FCF outlook

** Its Q3 adjusted EBITDA came to SEK 8.46 billion ($898.52 million), slightly higher than analysts' average forecast of SEK 8.45 billion in a poll provided by Telia

** "Earnings grew driven by cost savings, which was in line with our forecasts, but there were significant geographical differences," Inderes analyst Joni Grönqvist says

** It hiked its free cash flow outlook to around SEK 8 billion for the year vs SEK 7.5 billion previously, and said it expected its full-year booked capex to be around SEK 13 billion vs previous forecast of below 14 billion

** If gains hold, Telia shares are on track for best day since July

(Reporting by Elviira Luoma)

((Elviira.luoma@thomsonreutrs.com))