Telenor ASA — Earnings Release 2019

Apr 24, 2019

Grameenphone first quarter 2019 results

Grameenphone first quarter 2019 results

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

Q119 Q118

Revenues 3,570 2,952

EBITDA before other items 2,162 1,695

EBITDA 2,109 1,696

Operating profit 1,581 1,110

CAPEX excl. spectrum licences 425 361

Subscription and traffic revenues in local currency increased by 14%. The EBITDA margin was 61%.During the quarter the number of subscriptions increased by 1.321 million to 74.053 million.

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

Q119

Revenues 3,570

EBITDA before other items 2,246

Operating profit 1,605