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Increased profit for Tele 2

» Updated: 22 October 2024, 07:19

» Published: 22 October 2024

Increased profit for Tele 2
Photo: Janerik Henriksson/TT

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.

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By TTThis article has been altered and translated by Sweden Herald

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