Telia Q4 revenue rises on consumer business and TV performance

Telia AB

29/01/2026 06:11

Overview

Sweden telecom operator's Q4 revenue increased 1.6% like for like

Adjusted EBITDA for Q4 increased 3.7% like for like

Company obtained approvals for Bredband2 acquisition, expected to close Q1

Outlook

Telia expects 2026 service revenue growth around 2% like for like

Company anticipates 2026 adjusted EBITDA growth around 3% like for like

Telia forecasts 2026 free cash flow around SEK 9 bln

Result Drivers

SERVICE REVENUE GROWTH - Driven by strong performance in Sweden and the Baltics, particularly in consumer business and TV

NON-CASH PROVISION IMPACT - EBITDA decreased due to a SEK 3.7 bln non-cash provision increase related to asset retirement obligations in Sweden and Finland

FREE CASH FLOW INCREASE - Boosted by higher working capital contribution, offset by increased cash CAPEX related to spectrum

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Sales
SEK 21.30 bln
Q4 Net Income
-SEK 1.10 bln
Q4 Adjusted Free Cash Flow
SEK 7.50 bln
Q4 Free Cash Flow
SEK 2.40 bln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 8 "strong buy" or "buy", 8 "hold" and 4 "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 SEK38.16, about 6.4% below its January 28 closing price of SEK40.75

The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 17 three months ago

Press Release: ID:nWkr693qzp

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.)