Telia Company AB (GB:0H6X)
LSE:0H6X
Earnings Data
Report Date
Apr 29, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.52Last Year’s EPS
0.53Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed clear operational and financial progress: free cash flow materially exceeded prior guidance, cost and CapEx discipline delivered, Sweden and the Baltics showed strong growth and network leadership, and the balance sheet strengthened (leverage ~1.93x). Offsetting these positives were meaningful near-term challenges in Finland (weak service revenue and EBITDA, increased competition and churn) and continued profitability pressure in Norway partly driven by a legacy contract (ICE). Management gave cautious but constructive guidance for 2026 (service revenue ~2%, EBITDA ~3%) and set out a path to at least SEK 10 billion free cash flow by 2027. Overall, the highlights—especially the cash generation, margin improvement, cost control and strong Sweden/Baltics performance—outweigh the country-specific lowlights, though execution in Finland and Norway remains important to achieve midterm targets.Company Guidance
Strong Free Cash Flow Outperformance
Full-year 2025 free cash flow (normalized spectrum CapEx) of SEK 9.6 billion, significantly above the upgraded outlook of around SEK 8 billion and well ahead of the initial ~SEK 7.5 billion. Reported free cash flow was SEK 9.3 billion after an SEK 800 million payment and FX headwind (>SEK 300 million). Q4 working capital improvements drove a strong finish.
Robust Total Shareholder Return and Dividend Progress
Total shareholder return of 36% for 2025. Board proposes a dividend increase to SEK 2.05 per share (2.5% rise), and free cash flow for 2025 covered dividends for the year.
Sweden Delivered Very Strong Performance
Sweden delivered almost 5% revenue growth in the quarter (consumer >4%), balanced growth (50/50 pricing and volume), completed 5G rollout and 3G sunset, secured long-term access to 1,800 MHz spectrum at attractive prices, and again won umlaut's 'best network' award.
Operating and Cost Efficiency Gains
OpEx declined ~4% year-on-year (OpEx -4.1% YoY in Q4), OpEx as a percentage of service revenue fell by 200 basis points to 31.9% for 2025, and announced a net reduction target of at least 450 positions in 2026 as part of continued Change Program efficiencies.
EBITDA and Margin Improvement
EBITDA growth remained solid in Q4 (3.7% growth in the quarter), full year 2025 EBITDA margin improvement of 120 basis points versus prior year, and guidance for ~3% EBITDA growth in 2026 aligned with midterm margin expansion ambitions.
CapEx Discipline
Full-year CapEx of SEK 12.8 billion, below the improved guidance of ~SEK 13 billion and well below the initial medium-term guidance of SEK 14 billion; 2026 CapEx expected to be below SEK 13 billion.
Improved Cash Conversion and Balance Sheet
EBITDA minus CapEx at SEK 19 billion on a 12-month basis (up SEK 1.5 billion or +9% vs prior year). Cash conversion improved to 60% (from 57%). Net leverage was 1.93x (down materially year-on-year) and net debt modestly up SEK 400 million in Q4 while leverage stayed stable.
Strong Baltic Performance and Network Recognition
Lithuania: service revenue growth +7% and EBITDA growth +13% in the quarter; rolling-12-month EBITDA minus CapEx record high SEK 1.6 billion. Estonia received network recognition from Rohde & Schwarz and launched new security and eSIM roaming services. Baltics combined service revenue growth ~5%.
Active Portfolio Management Progress
Regulatory approvals received to proceed with the bid for Bredband2 (transaction ~SEK 3 billion) and process to exit Latvia ongoing; divestment of TV & Media progressed and a small Finnish fiber customer base was acquired.
GB:0H6X Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
GB:0H6X Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 29, 2026 | kr40.09 | kr38.63 | -3.64% |
Oct 23, 2025 | kr34.57 | kr35.98 | +4.08% |
Jul 18, 2025 | kr32.17 | kr33.43 | +3.94% |
Apr 24, 2025 | kr33.84 | kr34.12 | +0.82% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Telia Company AB (GB:0H6X) report earnings?
Telia Company AB (GB:0H6X) is schdueled to report earning on Apr 29, 2026, Before Open (Confirmed).
What is Telia Company AB (GB:0H6X) earnings time?
Telia Company AB (GB:0H6X) earnings time is at Apr 29, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Telia Company AB stock?
The P/E ratio of Telia Company AB is N/A.
What is GB:0H6X EPS forecast?
GB:0H6X EPS forecast for the fiscal quarter 2026 (Q1) is 0.52.