Telenor ASA — Earnings Release 2019

Oct 18, 2019

Digi Q3 2019 results

Digi Q3 2019 results

Telenor Group’s subsidiary in Malaysia, Digi, has today reported its third quarter 2019 results. Telenor’s consolidated figures in NOK million are as follows:

Q3 19 Q3 18

Revenues 3,322 3,219

EBITDA before other items 1,552 1,502

EBITDA 1,551 1,502

Operating profit 1,120 1,111

Capex (excl. spectrum) 255 256

During the quarter, the total number of subscriptions decreased by 34,000 to 11.330 million. EBITDA in local currency decreased by 2%.

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

Q3 19

Revenues 3,322

EBITDA before other items 1,788

Operating profit 1,162

Outlook 2019 (IFRS 15)(Updated)

• Service revenues: Low single digit decline (maintained)

• EBITDA: Low to mid-single digit decline(from low single digit decline)

• Capex: 12-13 % of service revenues (from 11-12%)