Swedish telecom operator Telia beats first-quarter core profit estimates

Telia AB

24/04/2026 07:07

April 24 (Reuters) - Swedish telecom operator Telia TELIA.ST reported first-quarter core earnings above market expectations on Friday, driven by service revenue growth across most markets and lower operational expenses.

The first-quarter adjusted operating profit before interest, taxes, depreciation, and amortization (EBITDA) increased 4.0%, on a like-for-like basis, to 7.94 billion Swedish crowns ($856.78 million).

Analysts had expected an average profit of 7.84 billion crowns in a company-compiled poll.

"Demand for Telia's services is strong across our markets, with transformational technologies, such as AI, dependent on secure, reliable, and high-quality connectivity," CEO Patrik Hofbauer said in a statement.

Quarterly service revenue increased 2.1%, like-for-like, driven by continued strong development in Sweden and Lithuania.

($1 = 9.2673 Swedish crowns)

(Reporting by Elviira Luoma, editing by Rashmi Aich)

((Elviira.luoma@thomsonreuters.com))