Tele2 Q3 EBITDA Misses Estimate, Revenue Beats Forecast
Tele2 reported Q3 2026 adjusted EBITDA of SEK 3.1 billion versus SEK 3.187 billion expected, with revenue ahead of estimates and a narrower growth outlook.
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what happened
Tele2 AB reported third-quarter 2026 adjusted EBITDA of SEK 3.1 billion, below the analyst estimate of SEK 3.187 billion. Revenue came in at SEK 7.6 billion against a forecast of SEK 7.566 billion. Net income reached SEK 1.4 billion, pretax profit was SEK 1.8 billion, and EPS stood at SEK 2.03.
Free cash flow rose to SEK 2.3 billion from SEK 1.8 billion a year earlier. The company narrowed its organic growth outlook to 4-5 percent, from its earlier range of low to mid single digits. It now expects 2026 capex to sales below 10 percent, down from 10-11 percent. Management said the Swedish market remains highly competitive, so reducing churn is a priority, while gross intake of new customers has improved.
why it matters
For investors, two points stand out: revenue and cash flow held up, and lower capex plus a tighter growth outlook support cash generation. The EBITDA shortfall against expectations and competition in Sweden remain the main risks to margins.
market impact
Telecom sector in Sweden: lower capex and a tighter growth outlook support Tele2's business
tags
instruments
sources
- Tele2 Q3 Adjusted EBITDA SEK 3,100 Mln — Reuters, 20 October 2026 at 05:08 UTC
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