Tele2 AB (TLTZF.PK), a Swedish provider of telecommunication services, reported Wednesday higher profit and revenues for its fourth quarter.
Further, the company said its Board of Directors proposed an ordinary dividend of 6.35 Swedish kronor per share, equivalent to 100 percent of 2024 equity free cash flow.
Looking ahead for fiscal 2025, Tele2 projects low single-digit organic growth of end-user service revenue, mid- to high single-digit organic growth of underlying EBITDAaL, and around 13 percent capex to sales.
In addition, Tele2 said it has initiated a transformation that aims to improve profitability in 2025. The company plans stricter prioritisation, reinforced cost consciousness and a simplified organisation, including a workforce reduction of around 15 percent within the coming 12 months, subject to union negotiations.
For the quarter, net profit from total operations grew to 971 million kronor from last year's 936 million kronor. Earnings per share improved to 1.40 kronor from 1.35 kronor last year.
Profit after financial items from continuing operations increased to 1.21 billion kronor from 1.15 billion kronor a year ago.
Underlying EBITDAaL of 2.66 billion kronor increased from 2.62 billion kronor last year. The growth was 1.3 percent organically, mainly driven by end-user service revenue growth.
Total revenue was 7.78 billion kronor, up from 7.68 billion kronor last year. Revenues grew 1.3 percent organically.
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