Stock Analysis
Tele2 (STO:TEL2 B) First Quarter 2024 Results
Key Financial Results
- Revenue: kr7.15b (up 2.0% from 1Q 2023).
- Net income: kr809.0m (down 4.8% from 1Q 2023).
- Profit margin: 11% (in line with 1Q 2023).
- EPS: kr1.17 (down from kr1.23 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Tele2 EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.2%.
Looking ahead, revenue is forecast to grow 1.7% p.a. on average during the next 3 years, while revenues in the Wireless Telecom industry in Europe are expected to remain flat.
Performance of the market in Sweden.
The company's shares are up 7.0% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 2 warning signs for Tele2 that you should be aware of.
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About OM:TEL2 B
Tele2
Tele2 AB (publ) provides fixed and mobile connectivity, handset related data services, and entertainment services in Sweden, Lithuania, Latvia, and Estonia.
Moderate growth potential with acceptable track record.