Telenor ASA — Earnings Release 2019

Jul 15, 2019

dtac - results for the second quarter 2019

dtac - results for the second quarter 2019

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

Q2 19 Q2 18

Revenues 5,541 4,714

EBITDA before other items 1,797 1,896

EBITDA margin (before o.i) 32.4% 40.2%

EBITDA 1,790 1,879

Operating profit 740 163

Capex (excl. spectrum) 637 754

Subscription and traffic revenues in local currency decreased by 4%. The EBITDA margin was 32%. During the quarter, the total number of subscriptions decreased by 93,000 to 20.6 million.

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

Q219

Revenues 5,478

EBITDA before other items 2,110

Operating profit 761

Outlook 2019

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

• EBITDA: THB 24-25 billion

• Capex: THB 13-15 billion (unchanged)