Tele2 announced this morning that it achieved sales of SEK 7.15 billion in the first quarter of 2024, up 2% organically on the first quarter of 2023. Sales from end-user services came to SEK 5.3 billion, up 4% organically.

Underlying EBITDAaL came to SEK 2.6 billion, up 2% organically on Q1 2023. Profit after financial items (EBT) was SEK 1 billion over the past three months.

Total net operating profit was SEK 0.8 billion, and earnings per share were SEK 1.20.

Forecasts for the full year 2024 and medium-term outlook were reiterated.

At the end of February 2024, iliad signed an agreement with Kinnevik for the cash acquisition of around 19.8% of Tele2's share capital, for around SEK 13 billion (around €1.16 billion).

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