Tele2 raises FY 2025 guidance on underlying EBITDAAL

Tele2 raises FY 2025 guidance on underlying EBITDAAL

Stockholm, Sweden - Tele2 AB (Nasdaq Stockholm: TEL2 A and TEL2 B) has announced its second-quarter 2025 results, featuring a notable increase in its full-year 2025 guidance for underlying EBITDAAL. The company reported a 15% organic growth in underlying EBITDAAL during the second quarter, driven by sharp cost control and end-user service revenue growth in the Baltics.

Key financial highlights for the second quarter include:
- End-user service revenue of SEK 5.5 billion, up 2% organically compared to Q2 2024, driven by the Baltics and Sweden Business.
- Total revenue of SEK 7.3 billion, up 1% organically compared to Q2 2024.
- Underlying EBITDAAL of SEK 2.9 billion, up 15% organically compared to Q2 2024.
- Q2 2025 profit after financial items (EBT) of SEK 1.5 billion.
- Net profit from total operations of SEK 1.2 billion and earnings per share of SEK 1.73.
- Equity free cash flow of SEK 1.6 billion in Q2 2025.

Jean Marc Harion, President and Group CEO of Tele2, commented on the results, stating, "The organisation has responded exceptionally well to the significant changes we have introduced since December. This strong response has given us a flying start, especially in areas like cost control, simplification, and allocation of resources to where they matter most to our customers."

Tele2 has also been recognized for its sustainability efforts, being named Europe’s Climate Leader by the Financial Times and Sweden’s Most Sustainable Company for the second year in a row by TIME Magazine.

The company has raised its full-year 2025 guidance on underlying EBITDAAL to slightly above 10% organic growth, up from the previously mid- to high single-digit range. This guidance reflects the company's continued cost and complexity reduction efforts, including improved cost governance, renegotiation of largest contracts, and a workforce reduction of more than 500 positions by June.

Tele2 will host a teleconference and webcast with a presentation at 09:00 CEST (08:00 BST, 03:00 EDT) on Thursday, July 17, 2025. More information and registration details can be found at www.tele2.com.

[1] https://www.tradingview.com/news/reuters.com,2025-07-17:newsml_Wkr3Jv2GH:0-tele2-reports-second-quarter-2025-results-including-raised-underlying-ebitdaal-guidance/