Reported Earnings • Apr 26
First quarter 2026 earnings released: EPS: kr0.42 (vs kr0.53 in 1Q 2025) First quarter 2026 results: EPS: kr0.42 (down from kr0.53 in 1Q 2025). Revenue: kr20.0b (flat on 1Q 2025). Net income: kr1.66b (down 21% from 1Q 2025). Profit margin: 8.3% (down from 10% in 1Q 2025). Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Telecom industry in Europe. Over the last 3 years on average, earnings per share has increased by 121% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Declared Dividend • Apr 17
Dividend of kr0.51 announced Shareholders will receive a dividend of kr0.51. Ex-date: 22nd July 2026 Payment date: 28th July 2026 Dividend yield will be 15%, which is higher than the industry average of 4.7%. Sustainability & Growth Dividend is not covered by earnings (159% earnings payout ratio). However, it is covered by cash flows (64% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 77% to bring the payout ratio under control. EPS is expected to grow by 59% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Tillkännagivande • Apr 09
Telia Company AB (Publ) Approves Dividend for the Year 2025, Payable on 16 April, 2026, 28 July, 2026, 3 November, 2026, and 10 February, 2027, Respectively Telia Company AB (publ) at AGM held on April 9, 2026 resolved on a dividend of SEK 2.05 per share in total to be distributed to the shareholders in four instalments of SEK 0.51 per share for the first three instalments and SEK 0.52 per share for the fourth instalment. The record dates were set to April 13, 2026, July 23, 2026, October 29, 2026, and February 5, 2027. It is estimated that Euroclear Sweden AB will execute the payments on April 16, 2026, July 28, 2026, November 3, 2026, and February 10, 2027, respectively. Upcoming Dividend • Apr 04
Upcoming dividend of kr0.51 per share Eligible shareholders must have bought the stock before 10 April 2026. Payment date: 16 April 2026. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 4.3%. Lower than top quartile of Finnish dividend payers (5.3%). In line with average of industry peers (4.2%). Reported Earnings • Mar 20
Full year 2025 earnings released: EPS: kr1.29 (vs kr1.07 in FY 2024) Full year 2025 results: EPS: kr1.29 (up from kr1.07 in FY 2024). Revenue: kr81.0b (flat on FY 2024). Net income: kr5.07b (up 20% from FY 2024). Profit margin: 6.3% (up from 5.2% in FY 2024). Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Telecom industry in Europe. Over the last 3 years on average, earnings per share has increased by 121% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Mar 03
Telia Company AB (publ) (OM:TELIA) and Brookfield Infrastructure Structured Solutions Fund, a fund managed by Brookfield Asset Management Ltd. (TSX:BAM) agreed to acquire an additional 60% stake in Valokuitunen Oy from CapMan Nordic Infrastructure I, a fund managed by CapMan Oyj (HLSE:CAPMAN). Telia Company AB (publ) (OM:TELIA) and Brookfield Infrastructure Structured Solutions Fund, a fund managed by Brookfield Asset Management Ltd. (TSX:BAM) agreed to acquire an additional 60% stake in Valokuitunen Oy from CapMan Nordic Infrastructure I, a fund managed by CapMan Oyj (HLSE:CAPMAN) on March 2, 2026. A cash consideration will be paid by Telia Company AB (publ), Brookfield Infrastructure Structured Solutions Fund and Brookfield Asset Management Ltd. Telia Company AB will pay an anticipated cash consideration of €30 million for its increase in ownership. Upon completion, Telia Company AB (publ) will own 49% stake in Valokuitunen Oy and Brookfield Infrastructure Structured Solutions Fund, a fund managed by Brookfield Asset Management Ltd. will own the remaining 51% stake in Valokuitunen Oy. Upon completion, Telia will continue to be both a communications operator and service provider in Valokuitunen’s network.
The transaction is expected to be completed during the second quarter of 2026. Avance Attorneys Ltd. acted as legal advisor to CapMan Oyj. Jouni Salmi, Andreas Bussman, Ami Paanajärvi and Jonne Järvi of Roschier Advokatbyrå Ab and Markus Olsson of Roschier Advokatbyrå Ab acted as legal advisor to Telia Company AB. Declared Dividend • Feb 12
Fourth quarter dividend of kr0.51 announced Shareholders will receive a dividend of kr0.51. Ex-date: 10th April 2026 Payment date: 16th April 2026 Dividend yield will be 16%, which is higher than the industry average of 4.7%. Sustainability & Growth Dividend is not covered by earnings (159% earnings payout ratio). However, it is covered by cash flows (64% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 77% to bring the payout ratio under control. EPS is expected to grow by 57% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Reported Earnings • Jan 30
Full year 2025 earnings released: EPS: kr1.29 (vs kr0.97 in FY 2024) Full year 2025 results: EPS: kr1.29 (up from kr0.97 in FY 2024). Revenue: kr81.0b (down 9.1% from FY 2024). Net income: kr5.07b (up 33% from FY 2024). Profit margin: 6.3% (up from 4.3% in FY 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Telecom industry in Europe. Over the last 3 years on average, earnings per share has increased by 121% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jan 29
Upcoming dividend of kr0.50 per share Eligible shareholders must have bought the stock before 05 February 2026. Payment date: 11 February 2026. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 5.0%. Lower than top quartile of Finnish dividend payers (5.7%). In line with average of industry peers (4.6%). Reported Earnings • Oct 24
Third quarter 2025 earnings released: EPS: kr0.59 (vs kr0.58 in 3Q 2024) Third quarter 2025 results: EPS: kr0.59 (up from kr0.58 in 3Q 2024). Revenue: kr19.9b (flat on 3Q 2024). Net income: kr2.32b (up 1.8% from 3Q 2024). Profit margin: 12% (in line with 3Q 2024). Revenue is expected to decline by 1.0% p.a. on average during the next 3 years, while revenues in the Telecom industry in Europe are expected to grow by 2.1%. Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Declared Dividend • Aug 06
Second quarter dividend of kr0.50 announced Shareholders will receive a dividend of kr0.50. Ex-date: 29th October 2025 Payment date: 4th November 2025 Dividend yield will be 19%, which is higher than the industry average of 4.7%. Sustainability & Growth Dividend is not covered by earnings (147% earnings payout ratio). However, it is covered by cash flows (82% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 63% to bring the payout ratio under control. EPS is expected to grow by 46% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Upcoming Dividend • Jul 23
Upcoming dividend of kr0.50 per share Eligible shareholders must have bought the stock before 30 July 2025. Payment date: 05 August 2025. The company is paying out more than 100% of its profits and is paying out 82% of its cash flow. Trailing yield: 5.6%. Lower than top quartile of Finnish dividend payers (6.0%). Higher than average of industry peers (4.0%). Reported Earnings • Jul 20
Second quarter 2025 earnings released: EPS: kr0.50 (vs kr0.36 in 2Q 2024) Second quarter 2025 results: EPS: kr0.50 (up from kr0.36 in 2Q 2024). Revenue: kr19.8b (down 12% from 2Q 2024). Net income: kr1.96b (up 37% from 2Q 2024). Profit margin: 9.9% (up from 6.4% in 2Q 2024). The increase in margin was driven by lower expenses. Revenue is expected to decline by 1.0% p.a. on average during the next 3 years, while revenues in the Telecom industry in Europe are expected to grow by 2.3%. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Tillkännagivande • Jul 02
Schibsted Media Ab completed the acquisition of TV & Media Business of Telia Company AB. Schibsted Media Ab entered into an agreement to acquire TV & Media Business of Telia Company AB at an enterprise value of SEK 6.5 billion on February 25, 2025. The consideration of SEK 6.55 billion is on a cash and debt-free basis. The TV & Media business includes TV4 in Sweden and MTV in Finland. The proceeds from the transaction will be used for deleveraging. Telia expects to report TV & Media as held for sale and discontinued operations in Q1 2025, and to recognize a non-cash impairment of around SEK 2 billion. Upon completion, Telia will continue to distribute TV4 and MTV’s content as part of its consumer TV offering. For the period ended, December 31, 2024, TV & Media Business of Telia Company AB reported a revenue of SEK 8.2 billion and EBITDA of approximately SEK 310 million.
The transaction is subject to customary regulatory approvals and is anticipated to close in Q3 2025.
Johan Larsson, Johan Winnerblad, Jesper Ottergren, Per Kling, Nathalie Wikman, Eva Fredrikson, Martin Boström, Elis Allmark, Mario Saad, Malin Malm Waerme, Arvid Axelryd, Ian Jonson, Alva Skott, Melinda Oldenburg, Nicklas Thorgerzon, Sam Seddigh, Emil Lindwall, Agnes Pigg, Kristoffer Larson, Sara Franson, Marcus Glader, Fredrik Hellström, Jakob Jeanrond, Martin Bergqvist, Martin Hammarskiöld, Martin Johansson, Carl Johan af Petersens and Hampus Peterson of Advokatfirman Vinge Ab acted as legal advisor for Schibsted Media Ab.
Schibsted Media Ab completed the acquisition of TV & Media Business of Telia Company AB on July 1, 2025. Following the of SEK 6.55 billion cash deal, Telia will continue to include TV4 and MTV’s content in its consumer TV packages. Telia is using the proceeds of the transaction to reduce its debt. Recent Insider Transactions • Apr 30
Executive VP & CEO of Telia Sweden recently bought €97k worth of stock On the 24th of April, Anders Olsson bought around 30k shares on-market at roughly €3.25 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €628k more in shares than they have sold in the last 12 months. Reported Earnings • Apr 25
First quarter 2025 earnings released: EPS: kr0.53 (vs kr0.15 in 1Q 2024) First quarter 2025 results: EPS: kr0.53 (up from kr0.15 in 1Q 2024). Revenue: kr20.0b (down 5.8% from 1Q 2024). Net income: kr2.09b (up 257% from 1Q 2024). Profit margin: 10% (up from 2.8% in 1Q 2024). The increase in margin was driven by lower expenses. Revenue is expected to decline by 1.6% p.a. on average during the next 3 years, while revenues in the Telecom industry in Europe are expected to grow by 2.6%. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Declared Dividend • Apr 17
Fourth quarter dividend of kr0.50 announced Shareholders will receive a dividend of kr0.50. Ex-date: 30th July 2025 Payment date: 5th August 2025 Dividend yield will be 18%, which is higher than the industry average of 4.7%. Sustainability & Growth Dividend is not covered by earnings (206% earnings payout ratio) nor is it covered by cash flows (108% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 129% to bring the payout ratio under control. EPS is expected to grow by 78% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Tillkännagivande • Apr 10
Telia Company AB (publ) to Report Q1, 2025 Results on Apr 24, 2025 Telia Company AB (publ) announced that they will report Q1, 2025 results at 7:00 AM, Central European Standard Time on Apr 24, 2025 Tillkännagivande • Apr 09
Telia Company AB (publ) Approves Dividend, Payable on April 16, 2025, August 5, 2025, November 4, 2025, and February 11, 2026 Telia Company AB (publ) announced that at its AGM held on April 9, 2025, the shareholders approved dividend of SEK 2.00 per share in total to be distributed to the shareholders in four instalments of SEK 0.50 each per share. The record dates were set to April 11, 2025, July 31, 2025, October 30, 2025, and February 6, 2026. It is estimated that Euroclear Sweden AB will execute the payments on April 16, 2025, August 5, 2025, November 4, 2025, and February 11, 2026, respectively. Upcoming Dividend • Apr 03
Upcoming dividend of kr0.50 per share Eligible shareholders must have bought the stock before 10 April 2025. Payment date: 16 April 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 5.4%. Lower than top quartile of Finnish dividend payers (6.0%). Higher than average of industry peers (4.0%). Reported Earnings • Mar 20
Full year 2024 earnings released: EPS: kr0.97 (vs kr0.15 loss in FY 2023) Full year 2024 results: EPS: kr0.97 (up from kr0.15 loss in FY 2023). Revenue: kr89.1b (flat on FY 2023). Net income: kr3.82b (up kr4.41b from FY 2023). Profit margin: 4.3% (up from net loss in FY 2023). Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Telecom industry in Europe. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Tillkännagivande • Mar 07
Telia Company Announces Executive Changes Telia Company announced Morten Karlsen Sørby has been appointed acting Head of Telia Norway, effective March 17. He will lead the company's Norwegian operations until January 1, 2026, at the latest, when Bjørn Ivar Moen will take over as Head of Telia Norwayas previously announced. Morten Karlsen Sørby has worked in the telecommunication industry for over 26 years, both in Norway and internationally. He was a member of Telenor Group's Corporate Executive Committee for 15 years, holding leadership roles for Telenor Asia and Telenor Nordic amongst others, before leaving the company in 2019. In his acting role at Telia Norway, Morten Karlsen Sørby will report to Patrik Hofbauer. As previously announced, Stein-Erik Vellan, currently Head of Telia Norway, has decided to take on an opportunity outside the company. Tillkännagivande • Feb 27
Schibsted Media Ab entered into an agreement to acquire TV & Media Business of Telia Company AB at an enterprise value of SEK 6.5 billion. Schibsted Media Ab entered into an agreement to acquire TV & Media Business of Telia Company AB at an enterprise value of SEK 6.5 billion on February 25, 2025. The consideration of SEK 6.55 billion is on a cash and debt-free basis. The TV & Media business includes TV4 in Sweden and MTV in Finland. The proceeds from the transaction will be used for deleveraging. Telia expects to report TV & Media as held for sale and discontinued operations in Q1 2025, and to recognize a non-cash impairment of around SEK 2 billion. Upon completion, Telia will continue to distribute TV4 and MTV’s content as part of its consumer TV offering. For the period ended, December 31, 2024, TV & Media Business of Telia Company AB reported a revenue of SEK 8.2 billion and EBITDA of approximately SEK 310 million.
The transaction is subject to customary regulatory approvals and is anticipated to close in Q3 2025. Board Change • Feb 26
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Employee Representative Director Par Axelsson was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • Feb 17
Dividend of kr0.50 announced Shareholders will receive a dividend of kr0.50. Ex-date: 10th April 2025 Payment date: 16th April 2025 Dividend yield will be 20%, which is higher than the industry average of 4.7%. Sustainability & Growth Dividend is not covered by earnings (206% earnings payout ratio) nor is it covered by cash flows (108% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 129% to bring the payout ratio under control. EPS is expected to grow by 81% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Tillkännagivande • Feb 13
Telia Company Appoints Andre Visse as Head of Telia Estonia, Effective March 1, 2025 Telia Company announces the appointment of Andre Visse as Head of Telia Estonia, effective March 1, 2025. Andre is currently acting Head of Telia Estonia and Telia Estonia's Chief Technology Officer. In his new role, Andre will report to Giedre Kaminskaite-Salters, Senior Vice President, Head of Telia Baltics and member of the Group Executive Management team. Andre Visse joined Telia Estonia in 2013 and has held a range of business and technology leadership roles, serving as Chief Technology Officer and a member of Telia Estonia's management team since 2019. He has been acting Head of Telia Estonia since February 1, 2025, following the appointment of Holger Haljand, the previous Head of Telia Estonia, as Senior Vice President, Head of Telia Finland and member of the Group Executive Management team. Reported Earnings • Jan 31
Full year 2024 earnings released: EPS: kr0.97 (vs kr0.15 loss in FY 2023) Full year 2024 results: EPS: kr0.97 (up from kr0.15 loss in FY 2023). Revenue: kr89.1b (flat on FY 2023). Net income: kr3.82b (up kr4.41b from FY 2023). Profit margin: 4.3% (up from net loss in FY 2023). Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Telecom industry in Europe. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Tillkännagivande • Jan 31
Telia Company AB (publ), Annual General Meeting, Apr 09, 2025 Telia Company AB (publ), Annual General Meeting, Apr 09, 2025. Tillkännagivande • Jan 24
An unknown Funds managed by HongShan entered into a definitive agreement to acquire an 80% stake in Marshall Group AB from Telia Company AB (publ) (OM:TELIA), TIME for Growth, Altor Fund VI a fund managed by Altor Equity Partners AB, Zenith Venture Capital and Marshall family. An unknown Funds managed by HongShan entered into a definitive agreement to acquire an 80% stake in Marshall Group AB from Telia Company AB (publ) (OM:TELIA), TIME for Growth, Altor Fund VI a fund managed by Altor Equity Partners AB, Zenith Venture Capital and Marshall family on January 24, 2025. The Marshall family will retain a meaningful stake of over 20 percent in the company under the terms of the deal. HSG will work closely with the Marshall family and the management team to strengthen the Marshall brand and fuel its sustainable and profitable growth. Telia Company to sell its 9.6% shareholding in Marshall Group for €101 million and the transaction is expected to close in the second quarter, and reflects Telia’s active portfolio management and focus on growth in its core connectivity business in the Nordics and Baltics. Telia intends to use the transaction proceeds for deleveraging purposes. This transaction, which is subject to regulatory approvals, will mark HSG’s largest investment in Europe to date. Tillkännagivande • Jan 20
Telia Company Announces Executive Changes Telia Company announced the appointment of Holger Haljand as Senior Vice President, Head of Telia Finland and member of the company's Group Executive Management team, effective February 1, 2025. Holger has held a range of leadership positions since joining the Telia Estonia management team in 2014 and is currently Head of Telia Estonia. Heli Partanen, currently Senior Vice President, Head of Telia Finland and member of the Group Executive Management team, will leave her position to pursue external opportunities. At the same time, Giedre Kaminskaite-Salters has been appointed Senior Vice President, Head of Telia Baltics and member of the Group Executive Management team as a representative for both Lithuania and Estonia, while continuing in her current role as Head of Telia Lithuania. A recruitment process for a new Head of Telia Estonia, who will report to Giedre, has started and Andre Visse, CTO of Telia Estonia, will be acting Head of Telia Estonia during this period. Both Holger and Giedre report to Patrik Hofbauer, Telia Company President and CEO. Tillkännagivande • Jan 10
Telia Company AB (publ) to Report Fiscal Year 2024 Final Results on Mar 19, 2025 Telia Company AB (publ) announced that they will report fiscal year 2024 final results at 9:00 AM, Central European Standard Time on Mar 19, 2025 Tillkännagivande • Jan 01
Telia Company AB (publ) to Report Fiscal Year 2024 Results on Jan 30, 2025 Telia Company AB (publ) announced that they will report fiscal year 2024 results on Jan 30, 2025 Tillkännagivande • Oct 02
Telia Company Announces Executive Changes Telia Company announced the appointment of Alexandra Fürst as Chief Technology and Information Officer and a member of the Group Executive Management team, effective March 31, 2025, at the latest. Alexandra is currently Chief Operating Officer of Dustin Group. Following Telia's change program, announced on September 4, 2024, the Common Products & Services (CPS) unit will be renamed Technology and remain a key enabler for the company, with expertise in IT, networks and product management, allowing Telia to continue to benefit from economies of scale where relevant. With the appointment of Alexandra as Chief Technology and Information Officer and Head of the Technology unit, the unit will have an experienced leader with business acumen from leadership roles within IT and technology, most recently as Chief Operating Officer at Dustin Group, and previously as Executive Vice President of IT & Digitalisation. Before that, she held several leadership roles within the technology domain at, for example Länsförsäkringar and Tietoevry. Alexandra has studied a Master in Industrial Engineering and Management at Linköping University. The unit name change from CPS to Technology is planned to be implemented on December 1, 2024, when the intended organizational changes are planned to be concluded following the ongoing union negotiations. In the interim, Hein Müskens will continue as acting Head of the unit, in addition to his position as Chief Information Officer, and he will report to Alexandra when she joins Telia. Tillkännagivande • Sep 25
Telia Company AB (publ) to Report Q3, 2024 Results on Oct 24, 2024 Telia Company AB (publ) announced that they will report Q3, 2024 results on Oct 24, 2024 Tillkännagivande • Sep 04
Telia Company Intends for Headcount Reduction of 3,000 Positions, Including Both Employees and Resource Consultants Telia Company announced a change program that is set to simplify its operations by implementing a new operating model with streamlined processes and improved ways of working, which will lead to a more customer-focused organization, while also resetting the company's cost base through an intended reduction of 3,000* positions during 2024. While Telia already holds strong positions in its markets, the company sees opportunities to further increase its efficiency and simplify its structure to become faster in decision-making and commercial execution, and with a focus on ensuring its workforce is increasingly engaged, accountable and empowered to create impact. With the program, Telia aims to maximize the value of its network infrastructure and service offerings to sustain growth, increase efficiency and profitability, and improve its ability to serve its customers and the societies where the company operates. Declared Dividend • Aug 01
Dividend of kr0.50 announced Shareholders will receive a dividend of kr0.50. Ex-date: 30th October 2024 Payment date: 5th November 2024 Dividend yield will be 25%, which is higher than the industry average of 4.7%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 22x earnings). However, it is covered by cash flows (53% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 2,455% to bring the payout ratio under control. EPS is expected to grow by 127% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Upcoming Dividend • Jul 24
Upcoming dividend of kr0.50 per share Eligible shareholders must have bought the stock before 31 July 2024. Payment date: 06 August 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 6.4%. Within top quartile of Finnish dividend payers (6.0%). Higher than average of industry peers (4.3%). Reported Earnings • Jul 19
Second quarter 2024 earnings released: EPS: kr0.36 (vs kr0.16 in 2Q 2023) Second quarter 2024 results: EPS: kr0.36 (up from kr0.16 in 2Q 2023). Revenue: kr22.4b (up 2.3% from 2Q 2023). Net income: kr1.44b (up 130% from 2Q 2023). Profit margin: 6.4% (up from 2.8% in 2Q 2023). Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Telecom industry in Europe. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 12% per year. Tillkännagivande • May 18
Telia Company Announces Upcoming Change to Management Team Telia Company announced that Dr. Rainer Deutschmann, Senior Vice President, Group Chief Operating Officer, will leave his position on May 31, 2024, to pursue opportunities outside the company. Rainer has been a member of the Group Executive Management team since September 2020. In this capacity, he was responsible for the company's common Products, Networks, IT and Services, as well as responsible for driving the company's digital transformation to become more agile with simplified operations, focused on growth, and with improved customer experience. As of June 1, 2024, Hein Müskens, Group Chief Information Officer since March 1, 2023, will, in addition to his current role, temporarily take on the position as acting Group Chief Operating Officer until a permanent replacement is announced. Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: kr0.15 (vs kr0.12 in 1Q 2023) First quarter 2024 results: EPS: kr0.15 (up from kr0.12 in 1Q 2023). Revenue: kr21.3b (down 1.9% from 1Q 2023). Net income: kr586.0m (up 26% from 1Q 2023). Profit margin: 2.8% (up from 2.2% in 1Q 2023). Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Telecom industry in Europe. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Declared Dividend • Apr 15
Dividend of kr0.50 announced Shareholders will receive a dividend of kr0.50. Ex-date: 31st July 2024 Payment date: 6th August 2024 Dividend yield will be 30%, which is higher than the industry average of 4.7%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is covered by cash flows (85% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Tillkännagivande • Apr 10
Telia Company AB (publ) Approves Dividend, Payable on April 17, 2024, August 6, 2024, November 5, 2024, and February 12, 2025, Respectively Telia Company AB (publ) at its Annual General Meeting held on April 10, 2024, resolved on a dividend of SEK 2.00 per share in total to be distributed to the shareholders in four instalments of SEK 0.50 each per share. The record dates were set to April 12, 2024, August 1, 2024, October 31, 2024, and February 7, 2025. It is estimated that Euroclear Sweden AB will execute the payments on April 17, 2024, August 6, 2024, November 5, 2024, and February 12, 2025, respectively. Tillkännagivande • Apr 04
Norlys a.m.b.a. completed the acquisition of Operations and network assets of Telia in Denmark. Norlys a.m.b.a. entered into binding term sheet agreement to acquire Operations and network assets of Telia in Denmark for enterprise value of DKK 6.3 billion on April 25, 2023. As of September 15, 2023 Norlys a.m.b.a. entered into definitive agreement to acquire Operations and network assets of Telia in Denmark. The valuation is equivalent to 8.9x Telia Denmark’s 2022 reported EBITDA. Norlys will appoint Torben Poulsen to lead its new mobile telecoms operation once the transaction is completed. The transaction is subject to the parties signing final and binding agreements (expected this summer), approval from Norlys’ owners and customary regulatory approvals, with closing expected in Q1 2024 at the latest. As on February 28, 2024, Telia received regulatory approval from the Danish Competition Council. Telia now expects the transaction to close in early April. Telia intends to use the transaction proceeds for deleveraging purposes.
JPMorgan Chase & Co. (NYSE:JPM) acted as financial advisor to Norlys a.m.b.a. Accura Advokataktieselskab acted as legal advisor to Norlys a.m.b.a.
Norlys a.m.b.a. completed the acquisition of Operations and network assets of Telia in Denmark on April 2, 2024. Reported Earnings • Mar 20
Full year 2023 earnings released: kr0.15 loss per share (vs kr3.56 loss in FY 2022) Full year 2023 results: kr0.15 loss per share (improved from kr3.56 loss in FY 2022). Revenue: kr88.8b (up 3.7% from FY 2022). Net loss: kr588.0m (loss narrowed 96% from FY 2022). Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Telecom industry in Europe. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Tillkännagivande • Mar 12
Telia Company Announces an Upcoming Change to the Group Executive Management Team Telia Company announced that Markus Messerer, Senior Vice President, Chief Strategy & Commercial Officer, will leave Telia to pursue opportunities outside the company. Markus has been member of the Group Executive Management team since December 2020. As of March 18, 2024, Petr Cermak, who will step down as Telia Denmark's CEO when the transaction with Norlys closes in early April, will, in addition to his current role, temporarily take on the position as Acting Chief Strategy & Commercial Officer. Petr has been the CEO of Telia Denmark since 2021 and has led the turnaround of the business. Reported Earnings • Jan 27
Full year 2023 earnings released: kr0.15 loss per share (vs kr3.63 loss in FY 2022) Full year 2023 results: kr0.15 loss per share (improved from kr3.63 loss in FY 2022). Revenue: kr88.8b (down 2.2% from FY 2022). Net loss: kr588.0m (loss narrowed 96% from FY 2022). Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Telecom industry in Europe. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jan 26
Upcoming dividend of kr0.50 per share at 7.4% yield Eligible shareholders must have bought the stock before 02 February 2024. Payment date: 08 February 2024. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 7.4%. Within top quartile of Finnish dividend payers (6.0%). Higher than average of industry peers (4.1%). Tillkännagivande • Oct 20
Telia Company AB (publ) to Report First Half, 2024 Results on Jul 18, 2024 Telia Company AB (publ) announced that they will report first half, 2024 results on Jul 18, 2024 Reported Earnings • Oct 20
Third quarter 2023 earnings released: EPS: kr0.41 (vs kr0.42 in 3Q 2022) Third quarter 2023 results: EPS: kr0.41 (down from kr0.42 in 3Q 2022). Revenue: kr22.0b (down 2.0% from 3Q 2022). Net income: kr1.62b (down 5.4% from 3Q 2022). Profit margin: 7.4% (down from 7.6% in 3Q 2022). Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Telecom industry in Europe. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings. Tillkännagivande • Oct 19
Telia Company AB (publ), Annual General Meeting, Apr 10, 2024 Telia Company AB (publ), Annual General Meeting, Apr 10, 2024. Upcoming Dividend • Oct 18
Upcoming dividend of kr0.50 per share at 8.5% yield Eligible shareholders must have bought the stock before 25 October 2023. Payment date: 31 October 2023. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 8.5%. Within top quartile of Finnish dividend payers (6.1%). Higher than average of industry peers (4.3%). New Risk • Jul 23
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.7x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.7x net interest cover). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Dividend per share is over 7x cash flows per share. New Risk • Jul 21
New major risk - Financial position The company has a high level of debt. Net debt to equity ratio: 124% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 340% Minor Risk High level of debt (124% net debt to equity). Upcoming Dividend • Jul 21
Upcoming dividend of kr0.50 per share at 8.3% yield Eligible shareholders must have bought the stock before 28 July 2023. Payment date: 03 August 2023. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 8.3%. Within top quartile of Finnish dividend payers (5.5%). Higher than average of industry peers (4.2%). Reported Earnings • Jul 20
Second quarter 2023 earnings released: EPS: kr0.19 (vs kr0.37 in 2Q 2022) Second quarter 2023 results: EPS: kr0.19 (down from kr0.37 in 2Q 2022). Revenue: kr23.3b (up 4.5% from 2Q 2022). Net income: kr762.0m (down 50% from 2Q 2022). Profit margin: 3.3% (down from 6.8% in 2Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 2.3% growth forecast for the Telecom industry in Europe. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings. Upcoming Dividend • Mar 30
Upcoming dividend of kr0.50 per share at 7.7% yield Eligible shareholders must have bought the stock before 06 April 2023. Payment date: 14 April 2023. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 7.7%. Within top quartile of Finnish dividend payers (5.1%). Higher than average of industry peers (4.3%). Reported Earnings • Mar 17
Full year 2022 earnings released: kr3.63 loss per share (vs kr2.81 profit in FY 2021) Full year 2022 results: kr3.63 loss per share (down from kr2.81 profit in FY 2021). Revenue: kr90.8b (up 2.8% from FY 2021). Net loss: kr14.6b (down 227% from profit in FY 2021). Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Telecom industry in Europe. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 10% per year. Reported Earnings • Jan 27
Full year 2022 earnings released: kr3.63 loss per share (vs kr2.81 profit in FY 2021) Full year 2022 results: kr3.63 loss per share (down from kr2.81 profit in FY 2021). Revenue: kr90.8b (up 2.8% from FY 2021). Net loss: kr14.6b (down 227% from profit in FY 2021). Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Telecom industry in Europe. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings. Tillkännagivande • Jan 26
Telia Company AB (publ) to Report First Half, 2023 Results on Jul 20, 2023 Telia Company AB (publ) announced that they will report first half, 2023 results on Jul 20, 2023 Tillkännagivande • Jan 17
Telia Company AB (Publ) Announces Executive Changes Telia Company AB (publ) announced changes to its Group Executive Management team through the merger of the Communications, Brand and Sustainability functions, appointing Ola Rembe as Senior Vice President, Head of Communications, Brand and Sustainability. Ola will assume his position at Telia in March. Following this change, Rachel Samrén, currently Senior Vice President, Chief External Affairs and Trust Officer, will leave the company and Per Carleö, currently Senior Vice President, Head of Brand, will report to Ola Rembe. Board Change • Nov 16
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Director Tomas Eliasson was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 22
Third quarter 2022 earnings released: EPS: kr0.42 (vs kr0.39 in 3Q 2021) Third quarter 2022 results: EPS: kr0.42 (up from kr0.39 in 3Q 2021). Revenue: kr22.5b (up 5.6% from 3Q 2021). Net income: kr1.71b (up 7.1% from 3Q 2021). Profit margin: 7.6% (up from 7.5% in 3Q 2021). Revenue is forecast to grow 1.0% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Telecom industry in Europe. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings. Upcoming Dividend • Oct 20
Upcoming dividend of kr1.05 per share Eligible shareholders must have bought the stock before 26 October 2022. Payment date: 01 November 2022. The company is paying out more than 100% of its profits and is paying out 84% of its cash flow. Trailing yield: 6.3%. Within top quartile of Finnish dividend payers (5.3%). Higher than average of industry peers (4.9%). Reported Earnings • Jul 21
Second quarter 2022 earnings released: EPS: kr0.37 (vs kr1.93 in 2Q 2021) Second quarter 2022 results: EPS: kr0.37 (down from kr1.93 in 2Q 2021). Revenue: kr22.3b (up 1.9% from 2Q 2021). Net income: kr1.52b (down 81% from 2Q 2021). Profit margin: 6.8% (down from 36% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 1.8%, compared to a 4.0% growth forecast for the industry in Finland. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Recent Insider Transactions • Jun 07
Insider recently bought €7.7k worth of stock On the 31st of May, Dan Stromberg bought around 2k shares on-market at roughly €3.87 per share. In the last 3 months, there was an even bigger purchase from another insider worth €39k. Insiders have collectively bought €291k more in shares than they have sold in the last 12 months. Tillkännagivande • May 07
Telia Company AB (publ) to Report Fiscal Year 2022 Results on Jan 26, 2023 Telia Company AB (publ) announced that they will report fiscal year 2022 results on Jan 26, 2023 Reported Earnings • Apr 27
Full year 2021 earnings released: EPS: kr2.81 (vs kr5.55 loss in FY 2020) Full year 2021 results: EPS: kr2.81 (up from kr5.55 loss in FY 2020). Revenue: kr88.3b (down 1.0% from FY 2020). Net income: kr11.5b (up kr34.2b from FY 2020). Profit margin: 13% (up from net loss in FY 2020). Over the next year, revenue is forecast to stay flat compared to a 4.9% growth forecast for the industry in Finland. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. Board Change • Apr 27
High number of new directors There are 7 new directors who have joined the board in the last 3 years. Director Tomas Eliasson was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Mar 31
Upcoming dividend of kr1.00 per share Eligible shareholders must have bought the stock before 07 April 2022. Payment date: 13 April 2022. Payout ratio is a comfortable 73% and this is well supported by cash flows. Trailing yield: 5.4%. Within top quartile of Finnish dividend payers (4.5%). Higher than average of industry peers (4.1%). Reported Earnings • Mar 13
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: kr2.81 (up from kr5.55 loss in FY 2020). Revenue: kr88.3b (down 1.0% from FY 2020). Net income: kr11.5b (up kr34.2b from FY 2020). Profit margin: 13% (up from net loss in FY 2020). Revenue exceeded analyst estimates by 1.3%. Over the next year, revenue is forecast to stay flat compared to a 13% growth forecast for the industry in Finland. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance. 
