Q3 revenues were up by 6% yoy and lfl, which was slightly better than expected, while EBITDA was more in line with expectations, up by only 2% yoy due to the rise in energy prices.
Given the comfortable and reassuring position of the group in Sweden, Tele2 deserves to offer a best-in-class dividend yield. The stock is currently offering a dividend yield of 7.5% and we maintain our opinion at Buy.
20 Oct 2022
Steady EBITDA growth
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Steady EBITDA growth
- Published:
20 Oct 2022 -
Author:
Jean-Michel Salvador -
Pages:
3
Q3 revenues were up by 6% yoy and lfl, which was slightly better than expected, while EBITDA was more in line with expectations, up by only 2% yoy due to the rise in energy prices.
Given the comfortable and reassuring position of the group in Sweden, Tele2 deserves to offer a best-in-class dividend yield. The stock is currently offering a dividend yield of 7.5% and we maintain our opinion at Buy.