Q3 2024 Tele2 AB Earnings Call Transcript
Key Points
- Tele2 AB (TLTZF) reported a solid quarter with a 3% growth in end-user service revenue, marking the 14th consecutive quarter of growth.
- The company announced the first Disney+ bundle offering in Sweden, enhancing its entertainment offerings.
- Tele2 AB (TLTZF) was recognized as one of Sweden's most gender-equal companies, highlighting its commitment to diversity and inclusion.
- The Baltics region showed strong performance with a 7% growth in end-user service revenue, driven by pricing strategies.
- The company achieved SEK1.1 billion in equity free cash flow, maintaining a low financial leverage of 2.3 times, which is below the target range.
- The Swedish B2C segment faced challenges with only a 1% growth in end-user service revenue, impacted by legacy headwinds and tougher comparisons.
- There was a decline in digital TV end-user service revenue by 4%, driven by an increasing decline rate in the legacy DTV business.
- The cost savings program showed a slowdown in quarterly development, with only SEK25 million added to the annualized run rate.
- The company faced a SEK17 million headwind from energy costs, mainly due to the absence of electricity support received last year.
- Tele2 AB (TLTZF) anticipates potential churn impacts from the migration of Boxer TV customers to modern technology.
Good day. And thank you for standing by. Welcome to the Tele2 Q3 interim report 2024 webcast and conference call. (Operator Instructions) Please be advised that today's conference is being recorded.
I would now like to hand the conference over to your first speaker today, Kjell Johnsen, President and Group CEO. Please go ahead.
Thank you very much operator and good morning everyone. Thank you for taking the time to joining us and welcome to this report call for the third quarter of '24. With me here today, I have Charlotte Hansson, our Group CFO; Stefan Trampus, our Head of B2B; and Hendrik de Groot, our Chief Commercial Officer. And they will soon present an update on the Swedish consumer business and the B2B, which is why we have extended today's call up to 20 minutes. Let's move to page 2.
I'm glad to report another solid quarter with goods and user service revenue growth of 3% marking the 14th consecutive quarter of growth and with all business lines
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
