Highlights
- End-user service revenue of
SEK 5.4 billion increased by 3% organically compared to Q4 2022 due to solid performance across operations. Total revenue ofSEK 7.7 billion increased by 2% compared to Q4 2022. -
Underlying EBITDAaL of
SEK 2.6 billion increased by 4% organically compared to Q4 2022 mostly driven by end-user service revenue growth which was partly offset by inflationary pressures. -
Q4 2023 profit after financial items (EBT) of
SEK 1.1 (1.0) billion. -
Net profit from total operations of
SEK 0.9 (1.3) billion and earnings per share ofSEK 1.35 (1.82). Net profit for Q4 2022 included a release of a tax provision ofSEK 0.4 billion related to the former operations inKazakhstan . -
Equity free cash flow of
SEK 0.5 (0.5) billion. Over the last twelve months,SEK 4.7 billion has been generated, equivalent toSEK 6.8 per share. Tele2 delivered full year results in accordance with guidance. End-user service revenue growth of 4% organically, underlying EBITDAaL growth of 2% organically, and capex to sales of 14% (excluding spectrum and leases).-
The Board of Directors proposes an ordinary dividend of
SEK 6.90 per share (6.80). -
Launch of Strategy Execution Program including
SEK 600 million of cost reduction in three years. - Full year 2024 guidance: 3-4% organic growth of end-service revenue, 1-3% organic growth of underlying EBITDAaL, 13-14% capex to sales (excluding spectrum and leases).
- Mid-term outlook: Low to mid-single-digit organic growth of end-user service revenue, mid-single-digit organic growth of underlying EBITDAaL, 10-12% capex to sales (excluding spectrum and leases), however 13-14% in 2025.
Comment from
"At
"If 2020-2023 was heavily tilted towards fixing legacy, 2024-2026 will increasingly shift more resources towards ease of use, better customer understanding, automation, and business-led service development."
"From a 2023 group financial perspective, I am glad to see that we have delivered 4% organic end-user service revenue growth alongside 2% organic underlying EBITDAaL growth, in line with our guidance in a challenging year."
"The page for 2024 is yet to be filled with actions and deliverables. As we continue writing the next chapter of the story, I am pleased to see that our foundations are strong. We are well positioned to continue delivering high quality services that are virtually indispensable for people and businesses alike. By making our technologies more powerful, sustainable, and reliable we continue to enable a society of unlimited possibilities. We are very proud to play our part in that development."
Teleconference and webcast
Registration for the webcast and a separate registration for the teleconference is available at www.tele2.com.
For the teleconference, please note that dial-in numbers and unique PIN code (or a 'call-me' facility) will be provided when you register at www.tele2.com. To make sure you are connected in time for the teleconference, please register at least a few minutes in advance.
For more information, please contact:
Fredrik Hallstan, Head of External Communications Phone: +46 761 15 38 30
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