Q2 2024 Telia Company AB Earnings Call Transcript
Key Points
- Telia Company AB (TLSNF) reported a 2.6% growth in service revenue, with consumer segments driving a 2.9% increase.
- EBITDA grew by 5.3% for the group, supported by higher service revenue and improved cost management.
- The company successfully reduced leverage from 2.43 times to 2.21 times, aided by EBITDA growth and proceeds from the Danish transaction.
- Telia's TV and media segment showed improvement, with digital advertising growing over 25% and non-advertising revenue increasing by 3%.
- The company confirmed its full-year outlook across all metrics, indicating confidence in its financial performance.
- Service revenue growth in Finland was neutral, with mobile growth offset by declines in fixed revenues and regulatory changes.
- Norway's service revenue growth slowed, partly due to a 3% reduction in fixed services and removal of certain fees.
- The company expects temporarily slower EBITDA growth in some markets in Q3, with a tough comparison to the previous year's strong performance.
- Telia's mobile ARPU in Norway remained flat due to pricing effects being offset by a higher share of large customers with lower ARPU.
- The Finnish market saw a decline in the mobile subscriber base by 16,000, focusing on value and ARPU rather than volume.
(audio in progress)
-- to Telia Company's Q2 2024 results presentation.
And with that, I will now hand over to Telia Company's Head of Investor Relations, Erik Strandin Pers. Please go ahead. The floor is yours.
Thank you, Laura, and welcome, everyone to the call. We will do this in the usual manner, starting with a management presentation by our CEO, Patrik Hofbauer; and our CFO, Eric Hageman.
So I leave the floor to you, Patrik.
Thank you, Erik and good morning, and welcome, everyone. Let me start with a few overall reflections.
The second quarter shows that we continue to trend well and in-line with our expectations on service revenue and EBITDA which is encouraging and shows that we have momentum to build from as we craft our value creation plan for 2025 to 2027. Like in previous quarters, we did better for consumer -- customers.
We have strengthened our TV
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