Tele2 (STO:TEL2 B) Third Quarter 2024 Results
Key Financial Results
- Revenue: kr7.39b (up 1.9% from 3Q 2023).
- Net income: kr1.11b (up 4.3% from 3Q 2023).
- Profit margin: 15% (in line with 3Q 2023).
- EPS: kr1.60 (up from kr1.54 in 3Q 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 2.2%.
Looking ahead, revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Wireless Telecom industry in Europe.
Performance of the market in Sweden.
The company's shares are down 4.4% 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
Provides fixed and mobile connectivity, handset related data services, and entertainment services in Sweden, Lithuania, Latvia, and Estonia.
Solid track record average dividend payer.
