Latest news with #Tele2AB
Business Insider
25-05-2025
- Business
- Business Insider
Kepler Capital downgrades Tele2 AB (0QE6) to a Hold
Kepler Capital analyst Kristoffer Carleskar downgraded Tele2 AB (0QE6 – Research Report) to a Hold on May 23 and set a price target of SEK150.00. The company's shares closed last Friday at SEK143.12. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Carleskar is ranked #6513 out of 9536 analysts. Tele2 AB has an analyst consensus of Moderate Buy, with a price target consensus of SEK140.33. Based on Tele2 AB's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of SEK7.15 billion and a net profit of SEK875 million. In comparison, last year the company earned a revenue of SEK7.15 billion and had a net profit of SEK833 million
Business Insider
26-04-2025
- Business
- Business Insider
Tele2 AB (0QE6) Gets a Buy from J.P. Morgan
J.P. Morgan analyst Ajay Soni maintained a Buy rating on Tele2 AB (0QE6 – Research Report) on April 24 and set a price target of SEK160.00. The company's shares closed yesterday at SEK138.12. Stay Ahead of the Market: Discover outperforming stocks and invest smarter with Top Smart Score Stocks. Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener. According to TipRanks, Soni is a 4-star analyst with an average return of 10.8% and an 83.33% success rate. In addition to J.P. Morgan, Tele2 AB also received a Buy from Kepler Capital 's Kristoffer Carleskar in a report issued on April 23. However, on April 24, Morgan Stanley maintained a Hold rating on Tele2 AB (LSE: 0QE6).
Yahoo
24-04-2025
- Business
- Yahoo
Tele2 AB (TLTZF) Q1 2025 Earnings Call Highlights: Network Upgrades and Financial Growth Amid ...
Release Date: April 23, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Tele2 AB (TLTZF) is actively upgrading its network infrastructure to improve capacity and service delivery. The company is committed to leveraging existing infrastructure to enhance customer access to services. Positive trends are observed in core connectivity services, particularly in post-paid and fixed broadband revenue. Tele2 AB (TLTZF) is focused on transformation efforts, which are expected to secure future delivery and growth. There is potential for a 15-20% increase in free cash flow for the year, indicating strong financial performance. The company faces challenges with wholesale pricing regulations, impacting its ability to optimize costs. There is uncertainty regarding the timing of market definition and pricing regulation processes. Wage increases in Sweden are expected to be between 3.0% and 3.4%, which could impact operating costs. Mixed results in Sweden's top line performance, with declines in prepaid and fixed broadband revenues. Tele2 AB (TLTZF) operates with a conservative balance sheet, potentially limiting shareholder remuneration opportunities. Warning! GuruFocus has detected 2 Warning Sign with LTS:0GRP. Q: Can you provide details on the expected wage increases in Sweden for Q2, and any updates on your midterm guidance? A: Peter, CFO: The salary increases in Sweden are between 3.0% and 3.4% from April. Regarding midterm guidance, we are currently focused on this year's transformation and will revisit the guidance later in the year. Q: Could you elaborate on the KPI trends in Sweden and the factors influencing them? A: CEO: The results in Sweden show mixed trends. We see positive growth in core connectivity services, with post-paid and fixed broadband revenues increasing. However, prepaid revenues have declined, and economic constraints are affecting small enterprises. Overall, we are focused on securing delivery through our transformation plan. Q: Is the 500 million restructuring cost for 2025 applicable to both P&L and cash flow? A: CFO: The 500 million restructuring cost is an indication, and its impact on cash flow will depend on the nature of the restructuring costs. Q: Why is Tele2 operating with a conservative balance sheet despite being below the leverage target range? A: CFO: Our financial policy targets a leverage of 2.5. After the dividend, we will be at 2.4% pro forma. We aim to deliver first and then assess any room for additional shareholder remuneration. Q: Can you clarify the expected increase in free cash flow for this year? A: CFO: We have provided transparency on the components affecting free cash flow, but we prefer not to specify exact figures. The components should allow you to estimate the potential increase. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Bloomberg
21-03-2025
- Business
- Bloomberg
Tele2 Said to Weigh €500 Million Sale of Baltic Mobile Towers
Swedish telecom operator Tele2 AB is weighing a sale of its wireless towers in the Baltics, which could fetch about €500 million ($542 million), according to people with knowledge of the matter. Tele2 is working with Perella Weinberg Partners on the potential divestment of its telecom towers portfolio in Estonia, Latvia and Lithuania, said the people, who asked not to be identified as the information is private. A sale process has kicked off recently and private equity firms could be potentially interested, the people said.
Yahoo
31-01-2025
- Business
- Yahoo
Tele2 AB (TLTZY) Q4 2024 Earnings Call Highlights: Strategic Shifts Amid Revenue Growth
End-User Service Revenue Growth (Full Year 2024): 3% increase. Underlying EBITDA Growth (Full Year 2024): 2% increase. CapEx to Sales (Full Year 2024): Just below 14%. Equity Free Cash Flow (Full Year 2024): SEK4.4 billion, 7% decrease from 2023. Ordinary Dividend Proposal: SEK6.35 per share, based on 2024 equity free cash flow. End-User Service Revenue Growth (Q4 2024): 2% organic growth. Organic Underlying EBITDAaL Growth (Q4 2024): 1% increase. Sweden Business End-User Service Revenue Growth (Q4 2024): 3% increase. Baltics End-User Service Revenue Growth (Q4 2024): 7% increase. Sweden Consumer Mobile End-User Service Revenue Growth (Q4 2024): 1% increase. Fixed Broadband End-User Service Revenue Growth (Q4 2024): 6% increase. Digital TV End-User Service Revenue Decline (Q4 2024): 6% decrease. Postpaid RGUs (Q4 2024): 50,000 increase. Fixed Broadband RGUs (Q4 2024): 4,000 increase. Tele2 DTV Cable and Fiber RGUs (Q4 2024): 7,000 increase. Cash Conversion (Baltics, Last 12 Months): 73%. Economic Net Debt (Year-End 2024): SEK26.2 billion. Leverage (Year-End 2024): 2.5 times. Warning! GuruFocus has detected 6 Warning Sign with TLTZY. Release Date: January 29, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Tele2 AB (TLTZY) achieved a 3% growth in end-user service revenue and a 2% increase in underlying EBITDA for the full year 2024. The company successfully completed the migration of Boxer TV customers to more modern technologies, which is expected to enhance customer experience and profitability. Tele2 AB (TLTZY) maintained a strong performance in the Baltic region, with a 7% growth in end-user service revenue and a 6% increase in underlying EBITDAaL. The company plans to distribute 100% of its 2024 equity free cash flow through an ordinary dividend, reflecting a commitment to shareholder returns. Tele2 AB (TLTZY) is implementing a transformation plan aimed at improving profitability through cost discipline and organizational simplification, with expectations of higher equity free cash flow in 2025. Equity free cash flow decreased by 7% in 2024 compared to 2023, indicating financial challenges. The company plans a significant workforce reduction of around 15%, which may impact employee morale and operational capacity. Swedish consumer end-user service revenue remained stable, with declines in Boxer TV offsetting growth in other areas. The company faces economic headwinds in the Swedish business sector, affecting growth potential. Tele2 AB (TLTZY) anticipates a SEK200 million revenue decline from Boxer TV in 2025, with no EBITDA impact, due to the migration away from legacy technology. Q: Can you elaborate on the impact of the Boxer TV migration on Tele2's 2025 financial outlook and the structural growth outlook for Sweden? A: Jean Marc Harion, CEO, explained that the migration of Boxer TV customers to cable and IP-based technologies was necessary to avoid future losses. The revenue impact in 2025 will be SEK200 million less than in 2024, but this will be neutral or positive for EBITDA. The Swedish market is expected to stabilize, with consistent growth in mobile and fixed services. Hendrik de Groot, CCO, added that the DTV business line is expected to stabilize post-migration, and the connectivity market outlook is stable. Q: How does Tele2 plan to manage CapEx and dividends in light of the 2025 guidance? A: Jean Marc Harion stated that the CapEx to sales ratio is expected to be around 13% in 2025, lower than in 2024, due to the completion of the 5G rollout and reprioritization of investments. The focus will be on impactful customer investments. The midterm ambition remains to reduce CapEx to sales to between 10% and 12%. The dividend decision will be based on the equity free cash flow generated, with the Board recommending a distribution of 100% of the 2024 equity free cash flow. Q: What are Tele2's strategic priorities for accelerating service revenue growth across mobile, broadband, and TV? A: Hendrik de Groot highlighted the continuation of hardware bundling with 5G, expanding broadband footprint, and introducing new portfolios as growth drivers. The focus will be on customer loyalty, cross-selling, and driving FMC penetration. Stefan Trampus, EVP B2B, mentioned that mobile growth and solutions driven by networking will continue, with improvements in fixed services following copper decommissioning. Q: Can you provide more details on the cost-cutting measures and their expected impact on EBITDAaL growth? A: Jean Marc Harion explained that the workforce reduction of 15% is a major part of the transformation, focusing on support functions and back offices while maintaining frontline staff. The transformation includes simplifying processes, improving profitability in less profitable business areas, and enhancing cost discipline. Charlotte Hansson, CFO, added that the SEP program continues, but the new transformation plan builds on top of it, aiming for mid- to high-single-digit organic growth in underlying EBITDAaL. Q: How does Tele2 plan to leverage its relationship with Iliad, and what are the implications for the company's leverage ratio? A: Jean Marc Harion stated that Tele2 leverages Iliad's scale for best practices and vendor negotiations, benefiting from Iliad's experience. Regarding leverage, Charlotte Hansson reiterated that the financial policy remains unchanged, with a target range of 2.5 to 3 times net debt to EBITDA, providing optionality for future opportunities. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
