Report
Russell Waller
EUR 9547.00 For Business Accounts Only

Tele2 (Neutral, TP: SEK109, +4%) Q2 24: A solid set of numbers, guidance reiterated, but no upgrades yet

Tele2 has reported a solid set of Q2 numbers with end-user SR +0.4% ahead of consensus expectations, and EBITDAaL -0.3% light. All guidance has been reiterated. Guidance for 2025 implies some upside to consensus numbers, but visibility is low as beats will probably come from cost cutting as SR trends have been broadly stable for 2+ years.
Underlyings
Provider
New Street Research
New Street Research

Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.

New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:

  • Pan European Telecom Services and Cable
  • US Telecoms, Cable, Satellite and Towers
  • Global Emerging Market Telecoms
  • Japan Telecoms
  • Asian Internet
  • Pan European Healthcare
  • Global healthcare thematic research

We provide debt research on:

  • Pan European Telecom Services and Cable


Analysts
Russell Waller

Other Reports on these Companies
Other Reports from New Street Research

ResearchPool Subscriptions

Get the most out of your insights

Get in touch