Tele2, the Sweden-based multinational telco, has announced its consolidated results for the second quarter of 2025 with a full year 2025 guidance on underlying EBITDAaL raised to slightly above 10 per cent organic growth.End-user service revenue of SEK 5.5 billion (€0.49bn) increased by 2 per cent organically compared to Q2 2024 driven by the Baltics and Sweden Business. Total revenue of SEK 7.3 billion increased by 1 per cent organically compared to Q2 2024.Further highlights include:
- Underlying EBITDAaL of SEK 2.9 billion increased by 15 per cent organically compared to Q2 2024 driven by sharp cost control across operations and end-user service revenue growth in the Baltics.
- Q2 2025 profit after financial items (EBT) of SEK 1.5 (1.2) billion.
- Net profit from total operations of SEK 1.2 (1.0) billion and earnings per share of SEK 1.73 (1.39) in Q2 2025.
- Equity free cash flow of SEK 1.6 (1.2) billion in Q2 2025. Over the last twelve months, SEK 5.6 billion has been generated, equivalent to SEK 8.02 per share.
- Continued cost and complexity reduction: improved cost governance, renegotiation of largest contracts, and workforce reduced by more than 500 positions by June.
- Full year 2025 guidance on underlying EBITDAaL raised to slightly above 10 per cent organic growth (previously mid- to high single-digit).
- Tele2 once again named Europe’s Climate Leader by the Financial Times.
- Tele2 named Sweden’s Most Sustainable Company for the second year in a row, and 23rd globally by TIME Magazine
Jean Marc Harion, President and Group CEO of Tele2, commented: “I am happy to say that the organisation has responded and adapted exceptionally well to the many significant changes we have introduced since December. This strong response has given us a flying start – especially in areas like cost control, simplification, and allocation of resources to where they matter most to our customers. Together with the reduction of our workforce, the optimisation and automation of processes and the renegotiation of major contracts, this effort explains our impressive underlying EBITDAaL growth of 15 per cent in Q2. The first phase of our transformation has been delivered in a record time, and I want to extend a big thank you to my colleagues for all the hard work. Our organisation’s ability to transform quickly makes us confident enough to raise our full year underlying EBITDAaL guidance to slightly above 10% growth (previously mid to high single-digit).”
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