Tele2 AB (publ) (TEL2_A) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and thank you for standing by. Welcome to the Tele2 Q1 Interim Report 2026 Webcast and Conference Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you will need to press star 1 and 1 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star 1 and 1 again. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Jean-Marc Herion, President and Group CEO. Please go ahead. Thank you, and good morning and welcome to Teletubbies' report call for the first quarter of 2026. With me here in Stockholm, I have Peter Landren, our Group CFO, Nicolas Högberg. our Chief B2C Officer and Deputy CEO, and Stefan Prampus, our Chief B2B. Please turn to slide two for some highlights from the first quarter. In Q1, group end-user service revenue grew by 3%, whereas underlying EBITDA grew by 11%, marking the fourth consecutive quarter of double-digit growth. We also continue to generate strong equity free cash flow with 2.2 billion crowns in Q1, plus 7% versus last year. Our basic dollar transaction was completed by the end of February, generating cash proceeds of 4.7 billion to 32. And we also opened five new stores in Sweden in Q1 and upgraded our fixed network to 2.5 gigabit per second, a record internet speed. which are already available across many of the largest cities, including in Stockholm. With our 5G already recognized as the fastest in Sweden, we now operate the fastest networks in the country. Please move to page 3 for more details on our results. Our 3% growth in end-user service revenue was d...