TLTZF - Tele2 AB (publ) (TLTZF) Q2 2024 Earnings Call Transcript
2024-07-17 15:04:03 ET
Tele2 AB (publ) (TLTZF)
Q2 2024 Earnings Conference Call
July 17, 2024, 4:00 AM ET
Company Participants
Kjell Johnsen - President and Group Chief Executive Officer
Charlotte Hansson - Executive Vice President, Group Chief Financial Officer
Hendrik De Groot - Executive Vice President, Chief Commercial Officer
Stefan Trampus - Executive Vice President, Tele2 B2B
Conference Call Participants
Andrew Lee - Goldman Sachs
Andreas Joelsson - Carnegie
Oscar Ronnkvist - ABG Sundal Collier
Erik Lindholm-Rojestal - SEB
Ajay Soni - JPMorgan
Siyi He - Citi
Nick Lyall - Bernstein
Stefan Gauffin - DNB
Usman Ghazi - Berenberg
Ondrej Cabejsek - UBS
Keval Khiroya - Deutsche Bank
Presentation
Operator
Good day and thank you for standing by. Welcome to the Tele2 Q2 Interim Report 2024 Webcast and Conference Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there'll be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded.
I would now like to hand the conference over to your first speaker today, Kjell Johnsen, President and Group CEO. Please go ahead, sir.
Kjell Johnsen
Thank you very much, Sharon, and good morning, everyone. Welcome to this Tele2 report call for the second quarter of '24. With me here in Kista, I have the usual suspects, Charlotte Hansson, our Group CFO; Hendrik de Groot, our Chief Commercial Officer, and Stefan Trampus who runs B2B.
So let's then turn to slide two for the highlights. I would say I'm pleased that our good performance in the beginning of the year has continued in the second quarter. We grew end user service revenue by 4% in the quarter, marking 13 consecutive quarters of organic top line growth. And underlying EBITDAaL grew by 3%, supported by earlier price adjustments in Sweden B2C.
We also continued to deliver a solid cash flow that kept our financial leverage below our target range at 2.44 times. Our strategy execution reached an important milestone in the quarter, as we finally migrated Comviq into our modern mass market IT environment. By that, we have transformed our previously fragmented environment into only two IT stacks in Sweden and are moving full speed ahead on our digitalization journey towards superior customer experience....
Tele2 AB (publ) (TLTZF) Q2 2024 Earnings Call Transcript