Tele2 AB (publ) (STO: TEL2 B) Q2 2025 Earnings | 17/07/2025

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Tele2 AB (publ) reported its Q2 2025 results on July 17, 2025, showcasing resilient growth, rising profitability, and strategic progress in cost control and sustainability. End-user service revenue increased 1.9% year-over-year to SEK 5.52 billion, with especially robust growth in the Baltics and steady performance in Sweden’s Business segment. Total revenues reached SEK 7.26 billion, effectively flat versus Q2 2024, while underlying EBITDA after leases (EBITDAaL) surged 15% to SEK 2.93 billion, driven by efficiency programs and operational streamlining. Net profit improved to SEK 1.20 billion, up from SEK 1.0 billion in the prior year, with diluted earnings per share rising to SEK 1.72 from SEK 1.36. Profit after financial items climbed to SEK 1.5 billion. Equity free cash flow for the quarter reached SEK 1.6 billion, underpinned by disciplined capital allocation and cost containment. Operational & Strategic Highlights: Strong Cost Control: Workforce reduced by over 500 positions by June, supporting improved margins. Major contract renegotiations and complexity reduction initiatives drove significant cost savings. Segment Performance: Sweden: End-user service revenue was flat, with a 4% increase in business services offsetting a 1% decline in the consumer segment due to the discontinuation of terrestrial Boxer TV distribution. Baltics: End-user service revenue grew 7%, and underlying EBITDAaL jumped 20%, reflecting market share gains and improved efficiency. Mobile & Broadband: Mobile postpaid subscriptions grew by 10,000 RGUs, with mobile end-user service revenue up 2%. Fixed broadband revenue grew 3%, while digital TV and prepaid revenues continued to decline as anticipated. Investment & Technology: 5G rollout in Sweden reached 93% population coverage, with 75% on high-performance 5G+. Capex excluding spectrum and leases was SEK 899 million for the quarter. Sustainability Leadership: Named Europe’s Climate Leader by the Financial Times and Sweden’s Most Sustainable Company for the second consecutive year. Guidance & Outlook: 2025 underlying EBITDAaL organic growth guidance was raised to slightly above 10%, up from previous mid- to high single-digit guidance, reflecting confidence in ongoing efficiency and revenue growth from core businesses. Management remains focused on structural simplification, digital transformation, and leveraging sustainability positioning for continued commercial and financial resilience. About Inside Ticker: For more expert analysis and real-time updates on Tele2 AB (publ) (STO: TEL2 B) and other market movers, follow Inside Ticker and visit InsideTicker.com for in-depth reports, financial insights, and the latest news on leading companies. #Tele2 #TEL2B #Q22025 #Earnings #Telecom #FinancialResults #Sweden #Baltics #5G #OperationalEfficiency #EBITDA #DigitalTransformation #StockMarket #Investing #InsideTicker #CostControl #CashFlow #GrowthStrategy #Sustainability #Mobile #Broadband #Guidance #BusinessUpdate #ShareholderReturns #SwedishMarket #ClimateLeader #2025Outlook