Telenor ASA — Earnings Release 2019

Apr 22, 2019

Digi Q1 2019 results

Digi Q1 2019 results

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

Q1 19 Q1 18

Revenues 3,162 3,263

EBITDA before other items 1,506 1,542

EBITDA 1,508 1,542

Operating profit 1,055 1,081

Capex (excl. spectrum) 356 362

During the quarter, the total number of subscriptions decreased by 408,000 to 11.251 million. EBITDA in local currency decreased by 7%.

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

Q1 19

Revenues 3,162

EBITDA before other items 1,679

Operating profit 1,042

Outlook 2019 (IFRS 15)

• Service revenues: Around 2018 level

• EBITDA: Low single digit growth

• Capex: 11-12 % of service revenues