Tele2 “upholds growth momentum” in Q2
July 18, 2023
Tele2 has announced its consolidated results for Q2 2023.
The Sweden-based multi-national telco reported end-user service revenue of SEK 5.3 billion (€0.46bn) increased by 4 per cent organically compared to Q2 2022 due to strong performance in the Baltics and Sweden B2B. Total revenue was at SEK 7.2 billion, up 3 per cent organically compared to Q2 2022.
Kjell Johnsen, President and Group CEO of Tele2 , commented: “As we are passing the half-way point of 2023, I am glad to see that we can uphold the growth momentum at Tele2. During Q2, we have also secured long-term financing at attractive margins that replaces the financing put in place at the time of the Tele2-Com Hem merger in 2018. Coupled with our efficient revenue to cash conversion profile and prudent balance sheet management over time, this means that Tele2 is well prepared to invest in 5G networks and radio spectrum while continuing to pay healthy dividends to our shareholders. Tele2 has also progressed well within our sustainability agenda and was rated No. 1 in the Financial Times overview of climate leaders in Europe.”