Sweden's Telia Q1 net income more than doubles on cost control, revenue flat

Telia AB

24/04/2026 06:11

Overview

Sweden telecom operator's Q1 revenue was flat yr/yr at SEK 20.0 bln

Net income for Q1 increased to SEK 1.8 bln from SEK 0.7 bln yr/yr

Company completed Bredband2 acquisition and consolidated it from February

Outlook

Telia reiterates 2026 outlook: service revenue growth around 2%, adjusted EBITDA growth around 3%

Company expects 2026 CAPEX excluding spectrum and leases below SEK 13 bln, free cash flow around SEK 9 bln

Telia says industry remains highly competitive and efficiency gains will continue

Result Drivers

SERVICE REVENUE GROWTH - Co said service revenue rose 2.1% like for like, driven by strong development in Sweden and Lithuania

COST CONTROL - Profitability improved due to lower operational expenses and a 5% reduction in headcount

BREDABAND2 INTEGRATION - Integration of Bredband2 contributed to revenue synergies in Sweden

Company press release: ID:nWkr8dy4kJ

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
SEK 20 bln
Q1 Net Income
SEK 1.80 bln
Q1 Cash Flow From Operating Activities
SEK 6.50 bln
Q1 Free Cash Flow
SEK 1.90 bln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy", 10 "hold" and 5 "sell" or "strong sell"

The average consensus recommendation for the integrated telecommunications services peer group is "buy."

Wall Street's median 12-month price target for Telia Company AB is SEK41.30, about 13.2% below its April 23 closing price of SEK47.59

The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 18 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.)