Q4 numbers were in line with our expectations, while the dividend could have been increased a little bit more than the 1% eventually announced by the group.
Given the comfortable and reassuring position of the group in Sweden (but with low single-digit growth in service revenue for 2023), Tele2 deserves to offer a moderate discount compared to the best-in-class. The stock is currently offering a high dividend yield of 7.25% and therefore we maintain our opinion at Buy.
31 Jan 2023
A solid position in Sweden, reassuring but offering poor revenue growth
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
A solid position in Sweden, reassuring but offering poor revenue growth
- Published:
31 Jan 2023 -
Author:
Jean-Michel Salvador -
Pages:
3
Q4 numbers were in line with our expectations, while the dividend could have been increased a little bit more than the 1% eventually announced by the group.
Given the comfortable and reassuring position of the group in Sweden (but with low single-digit growth in service revenue for 2023), Tele2 deserves to offer a moderate discount compared to the best-in-class. The stock is currently offering a high dividend yield of 7.25% and therefore we maintain our opinion at Buy.