CEO Comment
- 2021 was a good year for
Highlights
- End-user service revenue of
SEK 4.9 billion increased by 2% compared to Q4 2020 on an organic basis due to strong performance in the Baltics and slight tailwind from roaming. -
Total revenue of
SEK 7.0 billion increased by 2% compared to Q4 2020 on an organic basis. -
Underlying EBITDAaL of
SEK 2.4 billion increased by 1% organically compared to Q4 2020 driven by end-user service revenue growth and cost savings related to the Business Transformation Program, partly offset by higher commercial spending. -
Profit after financial items (EBT) of
SEK 1.0 billion decreased bySEK 2.4 billion compared to Q4 2020, mainly related to historical translational differences ofSEK 2.0 billion with no impact on equity or cash flow, associated with closure of the Luxembourg business in Q4 2020. Net profit from total operations ofSEK 1.0 billion decreased bySEK 3.2 billion compared to Q4 2020, mainly related to historical translation differences in Luxembourg ofSEK 3.3 billion with no impact on equity or cash flow. -
Equity free cash flow from continuing operations of
SEK 1.8 (0.9) billion. Over the last twelve months,SEK 5.8 billion was generated, equivalent toSEK 8.3 per share. - Secured spectrum in the Latvian 700 MHz spectrum auction.
-
Full year 2021 results delivered on guidance with end-user service revenue growth of 1% (guidance of flat to low single-digit growth), underlying EBITDAaL growth of 5% (guidance of mid-single digit growth) and capex excluding spectrum and leases of
SEK 3.2 billion (guidance ofSEK 2.8-3.3 billion ). -
The Board of Directors proposes an ordinary dividend of
SEK 6.75 per share, a 12.5% increase from last year. -
Financial guidance for the mid-term reiterated. Issuing 2022 guidance of low-single digit end-user service revenue growth and mid-single digit underlying EBITDAaL growth compared to 2021. Capex excluding spectrum and leasing assets expected to be
SEK 2.8-3.3 billion in 2022.
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This information is information that
https://news.cision.com/tele2-ab/r/full-year-and-fourth-quarter-2021-report,c3495352
https://mb.cision.com/Main/3372/3495352/1527703.pdf
https://mb.cision.com/Public/3372/3495352/ba6bf16e3236ff48.pdf
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