Telenor reports first-quarter results


Telenor

“I’m pleased to see Telenor continuing to deliver organic EBITDA growth, while revenues were stable in the first quarter. Highlights were the strong data consumption in emerging Asia and the solid fibre momentum in Norway as well as Sweden. It has been a busy quarter, as we have introduced new and improved mobile offers in several markets, with encouraging customer reception. In Thailand and Malaysia, this supported double-digit postpaid growth, and we are actively working to mitigate the continued intense competition in the prepaid market,” says Sigve Brekke, CEO of Telenor Group.

“As previously communicated, simplification and efficiency improvements are on top of our agenda. Our announcement to exit India, the continued sell-down in VEON and the launch of our cluster organisation are all examples of these efforts. Together with the company-wide initiatives to improve profitability, we believe that we are laying a solid foundation for Telenor’s future,” says Brekke.

KEY FIGURES TELENOR GROUP

(NOK in millions)

Q1 2017

Q1 2016

FY 2016

Revenues

30,458

31,494

125,395

Organic revenue growth (%)

0.2

1.3

0.8

EBITDA before other income and other expenses

11,462

11,629

45,966

EBITDA before other income and other expenses/Revenues (%)

37.6

36.9

36.7

Profit after taxes and non-controlling interests

4,168

4,256

2,832

Capex excl. licences and spectrum/Revenues (%)

14.9

16.3

17.4

Capex/Revenues (%)

14.9

16.4

20.2

Mobile subscriptions – Change in quarter/Total (mill.)

2.1

3.8

170

FIRST QUARTER 2017 SUMMARY

  • Total revenues decreased by 3% to NOK 30.5 billion, while organic revenues remained at par with last year. Mobile subscription & traffic revenues increased by 1% on an organic basis.
  • EBITDA before other items decreased by 1% to NOK 11.5 billion, corresponding to an EBITDA margin of 38%, an increase of 1 percentage point from last year.
  • Organic EBITDA increased by 3%. Adjusted for a one-time positive effect from Telenor Broadcast during the first quarter of 2016, the organic EBITDA growth was 5% year-on-year.
  • Capital expenditure excluding licences and spectrum was NOK 4.5 billion, resulting in a capex to sales ratio of 15%.
  • Free cash flow for the quarter was NOK 2.2 billion.

FINANCIAL OUTLOOK for 2017

The financial outlook for 2017 has been adjusted to reflect the new Group structure with India presented as discontinued operations. Telenor expects an organic revenue growth in the range of 1% to 2% and an EBITDA margin of around 37%. The capex to sales ratio excluding licences is expected to be 15 % to 16%.

 

Media Contact:
Meera Bhatia, mobile: (+47) 46 84 49 59, meera.bhatia@telenor.com

Investor Relations Contacts:
Marianne Moe, mobile: (+47) 91 61 76 31, marianne.moe@telenor.com
Helge Øien, mobile: (+47) 91 31 92 42, helge.oien@telenor.com

Have any Question or Comment?

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

::::::::::::::::::::::::::::::::::6733:::::::::::::::::::::::::::::::::;;

:::::::::::::::::::::::::::::925:::::::::::::::::::::::::::::::

TRIO STEEL IS ONE OF THE MOST TRUSTED BRAND AND LEADING EXPORTER AND SUPPLIER OF CARBON STEEL, ALLOY STEEL & STAINLESS STEEL PIPES & PIPE FITTINGS MATERIAL. Triosteel is one of the leading Suppliers and Exporters of API 5L Pipe in Singapore. Triosteel also Exports to many countries like Indonesia, Iran, Saudi Arabia & many more. An API 5L pipe is manufactured by adhering to the specifications laid down by the International Organization for Standardization (ISO) 3183.

2780

buy! buy! CHEAP! Telefonie VoIP CHEAP! buy! buy! CHEAP!

2781

buy! buy! CHEAP! Telefonie VoIP CHEAP! buy! buy! CHEAP!

——————————————–

For the 2012 MLB period, we found an totals forecast Joao’s Renowned Over/Under João Zorro Gonçalves, Zcode Totals Pro, System of the time with progressions that have been successful over 98 98% ... We eventually perfected our over/under program ( Zcodesystemexclusive ), although it h-AS has brought years of investigation. Five Steps to Making a Winning MLB Method: 1. Execute appropriate cash management tools. 2. MLB rules that are comprehend. 3.Extensive testing back to make sure successful longterm results ...

——————————————–

There is always a challenge when you're dealing with the Foreign Exchange Market. That's just the nature of the beast. The best thing you can do is to learn about how the market operates as a whole so that you will be ready to meet these challenges. iq option penipu Never be misled by any profit gains in binary options. This is the number-one way traders end up losing their money and ultimately failing. Remember that the same things that make you laugh can make you cry in this market, and you can lose that $700.

——————————————–

Learning Polish has never been this fun and easy as with our podcasts Learn Polish with Polishpod101 Start today and become conversational in Polish in no time

——————————————–

The Best Website Agen Poker Resmi www.sakupoker.com Terpercaya come join

——————————————–

Do you need edmonton phone systems service ? Call complete communications today!

——————————————–

High-tech solutions for easy start-up of your IPTV/OTT-business

——————————————–

——————————————–

If you want to purchase not only one item, you have a chance to enjoy privileges. There is a sale’ tab on the site which offers a fantastic range of reduced counterfeit watches and accessories, such as sunglasses, cufflinks, watch straps and pens. Luxury Jewelry Replica At MCA.MN On Sale You get a 5% discount if you buy two pieces, this discount increases to 10% if you buy 4 pieces or more. There is free international shipping on all orders on this site. We also offer customers a free return anytime with a 100% money back guarantee.

——————————————–