Increased profit for Tele 2

» Published: Tue 22 Oct 2024 07:03 CEST

Increased profit for Tele 2
Photo: Janerik Henriksson/TT

Share this article

The mobile operator Tele 2 sees a positive growth trend for the coming quarters. In connection with the interim report for the third quarter being presented, outgoing CEO Kjell Johnsen notes that both Swedish companies and households see the light at the end of the tunnel.

"Although we see bankruptcies and cutbacks in the public and private sectors, we expect a positive growth trend during the coming quarters, also helped by the previously mentioned good order intake in Swedish corporate business," writes Johnsen.

Tele 2 is simultaneously reiterating its guidance for 2024 and "financial prospects in the medium term" are unchanged according to the company.

This is happening at the same time as the adjusted operating profit for the third quarter (profit of 2.82 billion kronor) came in slightly below market expectations according to Bloomberg's compilation. The net sales, 7.4 billion kronor, also failed to quite reach expectations.

Tags

Author

TTT
By TTEnglish edition by Sweden Herald, adapted for local and international readers

More news

Volvo Cars CEO Håkan Samuelsson Plans to Find Successor in Two Years
2 MIN READ

Volvo Cars CEO Håkan Samuelsson Plans to Find Successor in Two Years

Sweden Hotels See Strong Summer with 6% Rise in Occupancy
1 MIN READ

Sweden Hotels See Strong Summer with 6% Rise in Occupancy

Media Investments Decline in August as Digital Grows
1 MIN READ

Media Investments Decline in August as Digital Grows

Peab to Build Hitachi Energy Facility in Västerås for 1.1 Billion Kronor
1 MIN READ

Peab to Build Hitachi Energy Facility in Västerås for 1.1 Billion Kronor

Ikea partners with Best Buy to expand kitchen solutions in the US
1 MIN READ

Ikea partners with Best Buy to expand kitchen solutions in the US

Stockholm Stock Exchange Opens Slightly Higher
1 MIN READ

Stockholm Stock Exchange Opens Slightly Higher

ASML Invests 1.3 Billion Euros in French AI Firm Mistral
1 MIN READ

ASML Invests 1.3 Billion Euros in French AI Firm Mistral

Klarna's Stock Market Debut Features Limited Share Availability
3 MIN READ

Klarna's Stock Market Debut Features Limited Share Availability

Nikkei Reaches Record High Amid Japanese Market Surge
1 MIN READ

Nikkei Reaches Record High Amid Japanese Market Surge

Murdoch Family Finalizes Future Control of Fox After Rupert's Passing
1 MIN READ

Murdoch Family Finalizes Future Control of Fox After Rupert's Passing

Wall Street Sees Modest Gains as Trading Week Begins
1 MIN READ

Wall Street Sees Modest Gains as Trading Week Begins

Railway Derailments Disrupt Swedish Industry and Economy
3 MIN READ

Railway Derailments Disrupt Swedish Industry and Economy

Brazil's Lula Criticizes Trump's Tariffs at Brics Meeting
1 MIN READ

Brazil's Lula Criticizes Trump's Tariffs at Brics Meeting

Swedish Pensions Agency Reclaims 48 Million Kronor for Allra Victims
2 MIN READ

Swedish Pensions Agency Reclaims 48 Million Kronor for Allra Victims

Space X Acquires Network Spectrum from Echo Star in $17 Billion Deal
1 MIN READ

Space X Acquires Network Spectrum from Echo Star in $17 Billion Deal

Klarna Valuation Could Reach 150 Billion Kronor in 2023 Analysis
1 MIN READ

Klarna Valuation Could Reach 150 Billion Kronor in 2023 Analysis

Criticism Over No Increase in Sweden's Child Allowance
2 MIN READ

Criticism Over No Increase in Sweden's Child Allowance

Southern Sweden Gains Most from Electricity Price Protection
3 MIN READ

Southern Sweden Gains Most from Electricity Price Protection

Left Party Urges Transparency on Food Prices Ahead of VAT Reduction
1 MIN READ

Left Party Urges Transparency on Food Prices Ahead of VAT Reduction

German Industrial Production Surges Beyond Expectations in July
1 MIN READ

German Industrial Production Surges Beyond Expectations in July