* Solid top-line and earnings growth, but elevated churn* We lower '25e-'26e adj. EBITA by 3-2% on slightly lower margins* Telia's bid currently in the limelight; we expect it to passSolid growth, but elevated churnBredband2 delivered a solid set of ...
- Solid top-line and normalising costs; Q2 EBITA +15% vs. ABGSCe - We raise '25e-'27e EBITA by 4-2% on higher sales - Telia's bid currently in the limelight; we expect it to pass Solid top-line and normalising costs After markedly missing Q1 expectations...
Offer at SEK 3.25/share In a move that was not too unexpected, Telia made a cash offer of SEK 3.25/share for Bredband2 today, representing a 35% increase on yesterday's close. The acceptance period for the offer is expected to run from 1 September to...
PTS has published new statistics for the SE fibre market BRE2 market share: 14% vs 13% in 2023 BRE2's H1 focus is on customer adds; margins to improve in H2e Bredband2 is the number 3 fibre actor in Sweden PTS has now published its annual statistics ...
CEO Daniel Krook emphasised the increased growth focus for H1... ... and margin-focus (price hikes) in H2e 13x-10x '25e-'26e EV/EBITA, and 7-8% lease adj. FCF yields Short-term pain for long-term gain Today, we hosted Daniel Krook, the CEO of Bredband2...
Surprisingly high costs, but solid top-line and customer intake We cut '25e EBITA by 7%, but raise '26e-'27e by 1% 12x-10x '25e-'26e EV/EBITA (vs. 5Y f12m avg. of 12x) Sales 2% ahead of ABGSCe alongside elevated costs Bredband2 is a comparatively predictable...
Sales +2% vs. ABGSCe, but EBITA 17% below Good customer intake, but margins weighted by investments Expect cons to cut '25e EBITA by c. 7% Q1 results Sales SEK 456m (2% vs ABG 449m), EBITDA 67m (-9% vs ABG 73m), EBITA 38m (-17% vs ABG 45m), EBIT 32m ...
Acquires 7k fibre customers from Folke AB for SEK 10m (EV) Adds +1% on PF sales Should be clear cost synergies, and therefore an accretive acquisition Sales of ~SEK 20m, closing 1 June 2025 Today, Bredband2 announced the acquisition of 7k private fibre...
In-line Q4 report, increased focus on sales growth in 2025 We cut '25e-'26e EBITA by 5-2% on lower margin assumptions 11x-9x '25e-'26e EV/EBITA (vs. 5Y f12m avg. of 12x) Solid Q4, broadly in line with our estimates Bredband2 delivered a solid Q4 report...
Sales and EBITA in line, c. 6% organic growth y-o-y Better customer intake, +1,900 q-o-q (ABG +1,000) Expect cons to make minor revisions on '25e EBITA Q4 results Sales SEK 445m (0% vs ABG 445m), EBITDA 73m (2% vs ABG 72m), EBITA 45m (-1% vs ABG 45m)...
Solid Q3, particularly on EBITA margins Price hikes to help margins in Q4e and beyond Expect cons to do small revisions on '25e-'26e EBITA Q3 results Sales SEK 438m (0% vs ABGSCe 437m), EBITDA 72m (-1% vs ABGSCe 73m), EBITA 45m (-1% vs ABGSCe 45m), EBIT...
Sales of ~SEK 20m, but with negative margins This afternoon, Bredband2 announced the acquisition of Bredbandsson AB: a Swedish broadband operator with 7,500 private fiber customers and sales of ~SEK 20m. According to allabolag.se, the company generated...