Telecom operator Telia reports interim results for the third quarter that are in line with expectations.
Revenue fell 0.7 percent to SEK 19,861 million (20,003). The outcome can be compared with Modular Finance's analyst consensus of 19,883.
Service revenues amounted to SEK 16,949 million (17,075).
"The 1.0 percent growth in service revenue for the Group is below our target of around 2 percent, due to previously flagged headwinds in Norway and Finland. We have plans in place to improve this over time, although we will prioritize simplification and profitability over unprofitable revenue," comments CEO Patrik Hofbauer.
EBITDA amounted to SEK 8,385 million (8,239), with an EBITDA margin of 42.2 percent (41.2).
Adjusted EBITDA amounted to SEK 8,458 million (8,250), expected 8,453, with an adjusted EBITDA margin of 42.6 percent (41.2).
Operating profit was SEK 4,010 million (3,851). The operating margin was 20.2 percent (19.3).
Profit after tax was SEK 2,544 million (2,511).
Free cash flow was SEK 2,874 million (1,365).
Capex excluding spectrum and leasing amounted to SEK 2,876 million (2,862).
Net debt/adjusted EBITDA was 1.93 times, compared with 2.09 times in the previous quarter.
Telia is updating its outlook for the full year. Free cash flow is now expected to amount to approximately SEK 8 billion, compared with the previous forecast of SEK 7.5 billion, while capex is expected to be approximately SEK 13 billion, compared with the previous forecast of SEK 14 billion.
| Telia, SEK million | Q3-2025 | Consensus | Change from consensus | Q3-2024 | Change |
| Net sales | 19,861 | 19,883 | - | 20,003 | -0.7 |
| EBITDA | 8,385 | 8,239 | 1.8 | ||
| EBITDA margin | 42.2 | 41.2 | |||
| Adjusted EBITDA | 8,458 | 8,453 | 0.1 | 8,250 | 2.5 |
| Adjusted EBITDA margin | 42.6 | 42.5 | 41.2 | ||
| Operating profit | 4,010 | 3,851 | 4.1 | ||
| Operating margin | 20.2 | 19.3 | |||
| Net profit | 2,544 | 2,511 | 1.3 |
