Achievements and awards
Annual Report 2023 in brief
End-user service revenue of SEK 21,130 million increased by 4% compared to full year 2022 on an organic basis primarily driven by strong performance in the Baltics and Sweden B2B.
Total revenue of SEK 29,099 million increased by 2% compared to 2022 on an organic basis.
Underlying EBITDAaL of SEK 10,409 million increased by 2% organically compared to 2022 as end-user service revenue growth, cost savings from the Business Transformation Program and to some extent lower energy costs more than offset inflationary pressures and higher content costs.
Net profit from total operations of SEK 3,735 (5,574) million and earnings per share of SEK 5.40 (8.07). Net profit for 2022 included a capital gain of SEK 1,589 million from the divestment of T-Mobile Netherlands.
Accelerated rollout of 5G networks in Sweden and the Baltics, and of gigabit fixed broadband upgrades in Sweden, enabling faster, more reliable and secure services to our customers.
Secured important 5G spectrum in Sweden through the network joint venture Net4Mobility.
Ranked number one among Europe’s top 500 climate leaders by The Financial Times, and awarded for the most transparent climate reporting on Stockholm OMX Large Cap by 2050 Consulting AB.
Ranked number one in Sweden and thirty-two globally for gender equality by Equileap.
The Board of Directors of Tele2 proposes an ordinary dividend of SEK 6.90 (6.80) per share, to be decided at the 2024 AGM.
Financial highlights
REVENUE
29,099 SEK million
NET PROFIT
3,735 SEK million
EBITDA
11,616 SEK million
Leaving legacy limitations behind us and instead allocating resources to the development of services, products, and digital customer journeys will lead to radically better customer experiences, simplified onboarding, increased loyalty, and significant efficiencies.
End-user service revenue
SEK million
Underlying EBITDAaL
SEK million
Our growth strategy
Our strategy builds on the deep insights we have into what our customers want more of, on our leading brands, and leverages the investments we have made in our networks, services and information technology. The strategy reflects our focus on value balanced with volume for long-term and sustainable growth across our business segments.
Sustainability 2023
We have during 2023 reaped the rewards of our efforts during the past few years to accelerate our sustainability efforts and make progress towards our ambition to lead in sustainability. This recognition has come in various forms, such as winning coveted awards, increased positive perception of our commitment to sustainability by employees, as measured through our annual employee survey, and continuing our positive trend in ESG-ratings.
This has also been a year where a lot of effort has been put into future-proofing our business by strengthening the integration of sustainability into our operations, updating our sustainability strategy, and preparing for upcoming regulatory changes.