Telia Company AB (publ) (TELIA) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome everyone to Telia Company's Q4 four-year results presentation. And with that, I will now hand it over to Telia Company's Head of Investor Relations, Erik Stranden Pers. Please go ahead, the floor is yours. Thank you and good morning everyone to our Q4 call. We will do the usual routine with the management presentation followed by Q&A. We have CEO Patrik Hofbauer and CFO Erik Hagerman in the room and we go straight ahead. Patrik, the floor is yours. Thank you, Erik, and good morning to all of you. The last quarter of 2025 confirms that we are on track to reshape Tele into a much simpler, faster and more efficient company, in line with our value creation plan set out at the investor update back in September 2024. Before I go into the quarter, let me walk you through some key highlights for the full year of 2025. Looking at the financial performance we have for the first time in five years converted the dividend with a free cash flow without any vendor financing contribution. We delivered on our EBITDA and over delivered on our free cash flow ambition despite a challenging year for Norway and service revenue headwind in Finland and our balance sheet has strengthened. The good financial performances has also been noted by the market and resulted in a total shareholder return of 36% for 2025. We are also through the first year with our country-led operating model and the positive result when it comes to efficiency, speed and responsibility are clearly visible. The new model is also an enabler for further efficiencies and we announced a net reduction of 450 positions earlier this month. We have also come far in terms of improving our capex efficiency and reshaping our portfolio with the divestment of TVN Media and Bid for Brebant 2 and a process to exit Latvia. Thr...