Telenor ASA — Earnings Release 2018

Jul 13, 2018

Digi Q2 2018 results

Digi Q2 2018 results

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

Q2 18 Q2 17

Revenues 3,217 3,049

EBITDA before other items 1,515 1,408

EBITDA 1,435 1,408

Operating profit 1,064 1,027

Capex (excl. spectrum) 298 455

During the quarter, the total number of subscriptions decreased by 98,000 to 11.659 million. EBITDA in local currency increased by 10% adjusted for one-time items in Q2 2017.

Outlook 2018 (revised)

- Service revenue growth: Flat vs 2017 (previously "flat to low single digit decline")

- EBITDA margin 46-47% (previously "EBITDA around 2017 level")

- Capex: 10-12 % of service revenues (maintained)