Telenor ASA — Earnings Release 2019

Oct 22, 2019

DNA third quarter 2019 results

DNA third quarter 2019 results

Telenor Group’s subsidiary in Finland, DNA, has today announced its results for the third quarter 2019. Figures in NOK million are as follows:

Q319 Q318

Revenues 2,347 2,189

EBITDA before other items 735 731

Operating profit 366 376

CAPEX excl. spectrum licences 276 326

Subscription and traffic revenues in local currency increased by 7%. The reported EBITDA margin was 31%. During the quarter the number of subscriptions increased by 10,000 to 2.708 million.

According to the new accounting standard IFRS 16, the figures in NOK million for the third quarter 2019 are as follows:

Q319

Revenues 2,347

EBITDA before other items 777

Operating profit 364