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Tele2 AB (publ) (TLTZY) Q1 2026 Earnings Call Transcript
2026-04-22 · via All Articles on Seeking Alpha

Tele2 AB (publ) (TLTZY) Q1 2026 Earnings Call April 22, 2026 3:00 AM EDT

Company Participants

Jean-Marc Harion - CEO, President & Director
Peter Landgren - Head of Financial Reporting & Operations, Executive VP and Group CFO
Nicholas Hogberg - EVP, Chief Commercial Officer & Deputy CEO Sweden
Stefan Trampus - Executive Vice President of Tele2 B2B

Conference Call Participants

Ondrej Cabejšek - UBS Investment Bank, Research Division
Fredrik Lithell - Handelsbanken Capital Markets AB, Research Division
Andreas Joelsson - DNB Carnegie, Research Division
Derek Laliberte - ABG Sundal Collier Holding ASA, Research Division
Felix Henriksson - Nordea Markets, Research Division
Keval Khiroya - Deutsche Bank AG, Research Division
Andrew Lee - Goldman Sachs Group, Inc., Research Division
Nicholas Lyall - Joh. Berenberg, Gossler & Co. KG, Research Division
Ajay Soni - JPMorgan Chase & Co, Research Division
Viktor Högberg - Danske Bank A/S, Research Division
Siyi He - Citigroup Inc., Research Division
Abhilash Mohapatra - BNP Paribas, Research Division

Presentation

Operator

Good day, and thank you for standing by. Welcome to the Tele2 Q1 Interim Report 2026 Webcast and Conference Call. [Operator Instructions] 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 Harion, President and Group CEO. Please go ahead.

Jean-Marc Harion
CEO, President & Director

Thank you, and good morning, and welcome to Tele2's report call for the first quarter of 2026. With me here in Stockholm, I have Peter Landgren, our Group CFO; Nicholas Hogberg, our Chief B2C Officer and Deputy CEO; and Stefan Trampus, our Chief B2B. Please turn to Slide 2 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 SEK 2.2 billion in Q1, plus