Telenor ASA — Earnings Release 2019

Oct 21, 2019

Grameenphone third quarter 2019 results

Grameenphone third quarter 2019 results

Telenor Group’s subsidiary in Bangladesh, Grameenphone, has today announced its results for the third quarter 2019. Telenor’s consolidated figures in NOK million are as follows:

Q319 Q318

Revenues 3,840 3,367

EBITDA before other items 2,347 2,078

EBITDA 2,356 2,063

Operating profit 1,798 1,518

CAPEX excl. spectrum licences 221 454

Subscription and traffic revenues in local currency increased by 7%. The reported EBITDA margin was 61%. During the quarter the number of subscriptions increased by 388,000 to 75.717 million.

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

Q319

Revenues 3,840

EBITDA before other items 2,433

Operating profit 1,817