macro

Telia lifts 2026 outlook after third-quarter earnings beat

Swedish telecom Telia raised its 2026 core earnings growth guidance to 3-4% and its free cash flow outlook after beating EBITDA forecasts, Reuters reports.

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what happened

Swedish telecom operator Telia raised its adjusted core earnings growth guidance for 2026 to 3-4% on a like-for-like basis, up from its earlier forecast of around 3%. It also now expects free cash flow of at least 9 billion Swedish crowns, which Reuters converts to roughly $910 million, compared with its previous view of around 9 billion crowns.

Adjusted EBITDA for the third quarter reached 8.89 billion crowns, above analysts' average forecast of 8.79 billion. The company credited solid service revenue growth and lower operating expenses. CEO Patrik Hofbauer told Reuters that some deals planned for the fourth quarter had already been secured.

why it matters

The results suggest savings from Telia's 2024 restructuring programme are still supporting margins. For investors, the upgraded cash flow outlook points to resilience in Sweden's telecom sector and may matter for the company's dividend capacity. The Swedish crown's exchange rate against the dollar also affects how these figures translate.

market impact

Sweden telecoms: Telia's stronger results support the stock and the sector

tags

instruments

TeliaSEK/USD

sources

  1. Telia raises its 2026 outlook — Reuters, 22 October 2026 at 05:12 UTC
  2. Telia raises its 2026 outlook — Reuters, 22 October 2026 at 06:13 UTC

prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.

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