The strong 8% EBITDA growth recorded in Q2 shows Tele2 still has a transformation programme in place to achieve additional opex reductions over the next years.
The stock was up by nearly 6% yesterday but remember the stock has not recovered from its pre-COVID-19 level as it is now considered as a no-growth Swedish story. We are at Add with a 10% upside but note the dividend yield is now in line with the average of its best-in-class peers.
15 Jul 2021
EBITDA margin continues to improve but dividend yield has returned to normal
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EBITDA margin continues to improve but dividend yield has returned to normal
- Published:
15 Jul 2021 -
Author:
Jean-Michel Salvador -
Pages:
3
The strong 8% EBITDA growth recorded in Q2 shows Tele2 still has a transformation programme in place to achieve additional opex reductions over the next years.
The stock was up by nearly 6% yesterday but remember the stock has not recovered from its pre-COVID-19 level as it is now considered as a no-growth Swedish story. We are at Add with a 10% upside but note the dividend yield is now in line with the average of its best-in-class peers.