Telenor ASA — Earnings Release 2019

Oct 16, 2019

dtac - results for the third quarter 2019

dtac - results for the third quarter 2019

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

Q3 19 Q3 18

Revenues 5,925 4,481

EBITDA before other items 1,954 1,775

EBITDA margin (before o.i) 33.0% 39.6%

EBITDA 1,930 1,768

Operating profit 816 -155

Capex (excl. spectrum) 717 1,541

Subscription and traffic revenues in local currency remained stable. The EBITDA margin was 33%. During the quarter, the total number of subscriptions decreased by 217,000 to 20.4 million.

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

Q319

Revenues 5,857

EBITDA before other items 2,312

Operating profit 869

Outlook 2019 (maintained)

• Service revenues (excl. interconnect): Low single digit decline

• EBITDA: THB 24-25 billion

• Capex: THB 13-15 billion