Tele2 has upgraded its 2017 guidance for the second quarter in a row after posting strong increases in sales and profits for Q3.
The Sweden-based company said EBITDA for 2017 would be between SEK6.4 and 6.6 billion, up from the SEK6.2 to 6.5 billion guidance it gave in July.
However, both sales and capex were downgraded to between SEK30.0 to 31.0 billion and SEK2.9 billion to 3.2 billion respectively. The operator said this was due to the exit of its Austria business in August.
Tele2 hailed double digit sales increases and a rise in profits in the Baltics, Netherlands and Kazakhstan for driving Group EBITDA growth, which rose 21 percent, or 12 percent on a like for like basis, to SEK1.85 billion in Q3.
Mobile service revenues across the Group increased nine percent to SEK3.93 billion, or seven percent on a like for like basis. CEO Allison Kirkby said she was pleased with this result, which deflected the impact of Europe-wide changes to roaming charges.
Sweden was its strongest net sales performer, with growth of 24 percent on 2016 to SEK3.83 billion. EBITDA was up five percent to SEK1.12 billion, which the operator said was down to the strong performance of new offerings amid a "competitive" market.
Its second biggest market, The Netherlands, shrugged off a sales decline of six percent to SEK1.39 billion post EBITDA of SEK101 million, up from a SEK1 million loss last year.
Tele2 said its competitive product and price propositions, coupled with customer growth, contributed to this performance.
Kazakhstan added 430,000 customers compared to last year, knocking sales up 16 percent to SEK653 billion. Lithuania had its second strongest sales growth performance, up 15 percent to SEK502 billion.
The operator had a net customer intake of 185,000 during the quarter, compared to 171,000 last year, which it was driven by a strong performance in mobile in the Netherlands, Kazakhstan and Croatia.
Overall, Tele2 had net mobile customer growth of 216,000 compared to 196,000 last year. It now has 16.9 million customers. Net sales were up 13 percent to SEK7.54 billion.
Kirkby added: "I am extremely proud that as a company we are increasingly able to combine a relentless focus on driving strong business momentum, in a responsible manner, as we pursue our mission to liberate people to live a more connected life.
"This, we believe, is the way to sustainable value creation for our shareholders, our employees, our customers and the world around us."