Q4 2024 Telia Company AB Earnings Call Transcript
Key Points
- Telia Company AB (TLSNF) successfully implemented a new operating model on December 1, realizing financial benefits of at least SEK2.6 billion.
- The company delivered on all 2024 outlook metrics, with service revenue growth at 1.8% and EBITDA growth at 4.3%.
- Fixed growth accelerated to 1.8% due to strong TV momentum in Sweden and positive trends in Business Solutions.
- TV and Media segment increased EBITDA by around SEK220 million due to lower content costs.
- The Board proposed an unchanged dividend of SEK2 per share for 2024, indicating stability in shareholder returns.
- Service revenue growth in Q4 was below midterm ambitions, coming in at 1.5%, partly due to timing of price changes in Nordic markets.
- Mobile revenues in Sweden were negative this quarter, impacting overall growth.
- Norway faced a tough cost comparison, leading to a decline in EBITDA by 3.6%.
- The company experienced a negative contribution to cash flow of SEK3.1 billion due to downsizing the vendor financing program.
- Linear TV advertising revenues faced structural headwinds, though partially offset by digital advertising growth.
Welcome, everyone, to the Telia Company's Q4 full-year 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.
Hi, everyone. Welcome to our Q4 call. We will do the usual exercise with the management presentation, followed by a Q&A session. And we have our President and CEO, Patrik Hofbauer; and our CFO, Eric Hageman, with us here today.
I leave the word to Patrik. Please go ahead.
Thank you, Erik, and hello and good morning, everyone. Before we go into the details of the quarter, I would like to start, as usual, with a few overall reflections.
In September, we held an investor update, where we laid out the direction for the next three years and described our change program, which is making Telia more customer focused, faster, and more efficient
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