Telenor ASA — Earnings Release 2019

Jul 12, 2019

Digi Q2 2019 results

Digi Q2 2019 results

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

Q2 19 Q2 18

Revenues 3,228 3,282

EBITDA before other items 1,574 1,566

EBITDA 1,570 1,486

Operating profit 1,125 1,115

Capex (excl. spectrum) 538 298

During the quarter, the total number of subscriptions increased by 112,000 to 11.364 million. EBITDA in local currency decreased by 2%.

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

Q2 19

Revenues 3,228

EBITDA before other items 1,774

Operating profit 1,128

Outlook 2019 (IFRS 15)(Updated)

• Service revenues: Low single digit decline (from Around 2018 level)

• EBITDA: Low single digit decline (from low single digit growth)

• Capex: 11-12 % of service revenues