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Tele2 AB Q3 Revenue Rises 3% Organically

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

Tele2 AB (TLTZF.PK), a provider of telecommunication services, Tuesday reported profit after financial items, or EBT of SEK 1.4 billion for the third quarter, higher than SEK 1.3 billion in the same quarter a year ago, primarily helped by end-user service revenue growth.

Net profit was SEK 1.1 billion or SEK 1.60 per share compared with SEK 1.1 billion or SEK 1.54 per share in the same quarter a year ago.

Underlying EBITDAaL or underlying earnings before interest, taxes, depreciation, amortization, and after leases grew 2 percent on an organic basis to SEK 2.8 billion.

Revenue for the quarter increased by 3 percent organically to SEK 7.4 billion. End-user service revenue of SEK 5.5 billion increased by 3% organically.

Looking forward, the company has confirmed its full-year as well as mid-term outlook.

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