Telenor ASA — Earnings Release 2018

Oct 17, 2018

Digi Q3 2018 results

Digi Q3 2018 results

Telenor Group's subsidiary in Malaysia, Digi, has today reported its third quarter 2018 results. Telenor's consolidated figures in NOK million are as follows:

Q3 18 Q3 17

Revenues 3,164 2,927

EBITDA before other items 1,451 1,360

EBITDA 1,452 1,360

Operating profit 1,061 975

Capex (excl. spectrum) 256 281

During the quarter, the total number of subscriptions increased by 144,000 to 11.803 million. EBITDA in local currency decreased by 1%.

According to the new accounting standard IFRS 15, the figures in NOK million for the third quarter 2018 are as follows:

Q318

Revenues 3,219

EBITDA before other items 1,502

Operating profit 1,111

Outlook 2018 (revised)

- Service revenue growth: Flat vs 2017 (maintained)

- EBITDA margin 46-47% (maintained)

- Capex: 11-12 % of service revenues (changed from 10-12%)