)

Tele2 (TEL2) investor relations material
Tele2 Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Transformation initiatives and strict cost control drove a 15% organic increase in underlying EBITDA/EBITDAAL in Q2 2025, with strong contributions from the Baltics and Sweden Business.
Over 500 workforce positions reduced by June, supporting efficiency, profitability, and a cultural shift.
Investments prioritized in own channels, data analytics, and AI to reduce third-party dependency and drive top-line growth in Sweden.
Recognized as Sweden's most sustainable company and ranked 23rd globally by TIME Magazine; also named Europe's climate leader.
Financial highlights
End-user service revenue grew 2% year-over-year in Q2 2025, led by the Baltics and Sweden Business; Sweden Consumer remained flat due to legacy declines.
Underlying EBITDA/EBITDAAL increased 15% year-over-year, with margin up to 46.1% from 40.8% and net profit at SEK 1.2 billion.
Equity free cash flow reached SEK 1.6 billion in Q2, up 38% year-over-year, and SEK 5.6 billion over the last 12 months.
CapEx to sales at 12.4% in Q2, averaging 12% for H1 2025.
Leverage at 2.2x underlying EBITDA/EBITDAAL, below the target range, with economic net debt reduced by SEK 1.5 billion since year-end 2024.
Outlook and guidance
2025 guidance for underlying EBITDA/EBITDAAL raised to slightly above 10% organic growth (previously mid- to high single-digit), reflecting strong H1 performance.
Low single-digit organic growth expected for end-user service revenue, with a ~1 percentage point drag from Boxer.
CapEx to sales expected at 13% for 2025, with a mid-term range of 10–12% from 2026 onwards.
Around SEK 500 million in restructuring costs anticipated for 2025.
Ordinary dividend of SEK 6.35 per share for 2025, paid in two tranches.
Next Tele2 earnings date

The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage