Broadband2 is a broadband operator. The company offers complete solutions in everything that concerns broadband, fixed and mobile telephony, as well as IP solutions. The greatest specialization is found in optical fiber in local area networks (LAN), mainly for private individuals in city networks, public rental properties, and tenant-owner associations. In addition, the company offers firewalls and antivirus systems. The head office is located in Malmö.
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...
PTS has published new statistics for the SE fibre market BRE2 market share: slightly down versus 2022 Bredband2 is focusing on growth in 2024 Bredband2 is the number 3 fibre actor in Sweden PTS has now published its annual statistics for the Swedish ...
CEO Daniel Krook emphasised the increased growth focus Improved growth in '24e on price hikes and a better customer intake 11x '24e EV/EBITA, and 7% lease adj. FCF yield Early cost synergies with Stockholms Stadsnät Today, we hosted Bredband2's CEO Daniel...
Earlier-than-expected cost synergies led to 4% EBITA beat We lift '24e-'26e EBITA by 3-4% on lower opex 11x '24e EV/EBITA, we estimate 17% EBITA growth in '24 Surprisingly strong customer intake Bredband2 has a good track record of reaping early cost...
Sales in line, but EBITA +4% vs. ABGSCe Lower opex and better customer intake than expected Expect cons to lift '24e-'26e EBITA by ~3% Q1 results Sales SEK 415m (0% vs ABGSCe 414m), EBITDA 70m (2% vs ABGSCe 69m), EBITA 43m (4% vs ABGSCe 42m), EBIT 35m...