EarningsQ2 2026 Earnings Report
DE:TLS Q2 2026 EPS Results
Actual EPS€0.05
Consensus EPS€0.05
Beat/MissMissed by -<€0.01
One Year Ago EPS€0.04
DE:TLS Q2 2026 Revenue Results
Actual Revenue€1.85B
Expected Revenue€1.84B
Beat/MissBeat by +€12.20M
YoY Revenue Growth+4.64%
Earnings Announcement Details
QuarterQ2 2026
Date07/17/2026
TimeBefore Open
Conference CallFriday, July 17, 2026
DE:TLS Upcoming Earnings
Telia Company AB's next earnings date is estimated for October 22, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
DE:TLS Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented multiple clear operational and financial positives: accelerating service revenue growth (2.8%), EBITDA expansion (3.4%) and margin improvement (40.5%), strong free cash flow and disciplined CapEx (SEK 12.5bn rolling 12 months), plus standout country performances in Sweden and Lithuania and successful execution on M&A and simplification. Near-term headwinds were acknowledged — notably a Swedish broadband ARPU decline (-9%), Norway EBITDA pressure from content costs (-2%), phasing that points to lower Q3 EBITDA growth, an upcoming circa SEK 400m Norwegian tax payment, and timing uncertainty around the Norway JV and the Latvia exit. Overall, the highlights (broad-based revenue acceleration, cash generation, margin and ROCE improvement, and strategic progress) outweigh the contained operational and timing lowlights.Company Guidance
Group Service Revenue Acceleration
Service revenue growth accelerated to 2.8% in Q2 (highest in four years), comfortably above the group's full-year ambition of ~2%, driven by Sweden, Lithuania and an improving Norway.
EBITDA Growth and Margin Expansion
EBITDA grew by 3.4% year-over-year, broadly in line with the ~3% full-year ambition, and EBITDA margin expanded to 40.5%.
Strong Free Cash Flow and Capital Discipline
Free cash flow was SEK 2.2bn in Q2 and SEK 4.1bn YTD, ahead of expectations; rolling 12-month CapEx stable at SEK 12.5bn (below the <SEK 13bn guidance). Full-year free cash flow ambition maintained at ~SEK 9bn.
Improving Capital Efficiency and ROCE
Return on capital employed (ROCE) increased to 10.6% from 9.3% a year ago, reflecting improved profitability and capital allocation.
Sweden: Convergence & TV Momentum
Sweden delivered service revenue growth of 2.6% and EBITDA growth above 5%; more than 1 million converged households, double-digit TV growth and strong consumer demand supported performance.
Lithuania & Baltics Outperformance
Lithuania delivered strong service revenue growth and EBITDA growth accelerated to almost 9%, supported by top-line momentum, cost control and successful spectrum acquisitions (additional 40 MHz in 1,500 MHz band and renewal in 2,100 MHz). Estonia also showed accelerating growth driven by mobile ARPU improvements and returning enterprise ICT deliveries.
Operational & Product Innovations
Launched Telia Critical IoT Connectivity (first commercial 5G standalone service in Sweden), demonstrated modular emergency mobile coverage, partnered with KTH and Brookfield to develop sovereign AI capabilities, and blocked tens of millions of scam calls—supporting network leadership and customer experience.
M&A and Simplification Progress
Completed previous Bredband2 integration on plan, added two bolt-on acquisitions in Sweden, increased stake in Finnish fiber JV (Valokuitunen) to 49%, and executed brand simplification (closure and migration of Halebop) successfully with low churn.
DE:TLS 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