Q2 2025 Tele2 AB Earnings Call Transcript
Key Points
- Tele2 AB (TLTZF) achieved a 15% growth in underlying EBITDAaL in Q2 2025, driven by workforce reductions and cost savings.
- The company reported a strong equity free cash flow of SEK1.6 billion in Q2, following SEK2 billion in Q1.
- Tele2 AB (TLTZF) raised its full-year EBITDAaL guidance to slightly above 10% organic growth.
- The company launched a new flexible TV and streaming portfolio in Sweden, which was well-received by customers.
- Tele2 AB (TLTZF) was named Europe's climate leader by Financial Times and Sweden's most sustainable company for the second year in a row.
- End-user service revenue in Sweden was flat in Q2, impacted by the decommissioning of Boxer TV.
- The company anticipates Boxer revenue to be roughly SEK225 million below 2024, with a negative impact on EBITDAaL.
- Fixed broadband in Sweden saw a decline of 1,000 RGUs in Q2 due to aggressive competition in open fiber networks.
- The Swedish market faces macroeconomic headwinds and weak consumer confidence, which could impact future growth.
- Tele2 AB (TLTZF) expects around SEK500 million in restructuring costs for 2025 related to ongoing transformation efforts.
Good day, and thank you for standing by. Welcome to the Tele2 second quarter interim report 2025 conference call. (Operator Instructions) Please be advised that today's conference is being recorded.
And now I'd like to hand the conference over to Jean-Marc Harion, President and Group Chief Executive Officer. Please go ahead, sir.
Thank you, and good morning, and welcome to Tele2's report call for the second quarter of 2025. With me today, I have Peter Landgren, our Group CFO; for Sweden, Petr Cermak, our Chief B2C Officer; and Stefan Trampus, our Chief B2B Officer; and for the Baltics, Petras Masiulis, our CEO of Baltics.
Please turn to slide 2 for a brief recap of our transformation plans and progress so far. 2025 is a transformation year for Tele2. Our objective is to build a faster, simpler and more agile company by coming back to Tele2's original challenger culture. I'm happy to present the progress we have made over the first half year of 2025 to
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