Q3 sales up 2% at Tele2

19 Oct 2021

Tele2 group of Sweden has registered revenue of SEK6.64 billion (USD767 million) for the three months to end-September 2021, up 2% year-on-year on an organic basis. Underlying EBITDA climbed 5% to SEK2.58 billion, driven by ‘end user service revenue growth, cost savings, and less headwinds related to the pandemic’. Net profit dropped from SEK1.22 billion to SEK1.12 billion, with the decline attributed to amortisation on the Com Hem brand and the settlement of a legal case. The group had 7.34 million mobile subscriptions in Sweden and the Baltic states at the end of September, as well as 926,000 fixed broadband subscriptions in Sweden.

Kjell Johnsen, President and CEO of Tele2, commented: ‘Sweden B2B turned to growth for the first time in several years and we saw commercial momentum starting to pick up in Sweden B2C. We passed an important milestone with the announcement of the sale of T-Mobile Netherlands, and we took an important step in our commercial strategy with the introduction of 5G in Comviq. In short, we have continued to deliver on our plans and are on a good trajectory for the full year.’

Sweden, Tele2