Telenor ASA — Earnings Release 2018

Jan 28, 2019

Grameenphone fourth quarter 2018 results

Grameenphone fourth quarter 2018 results

Telenor Group’s subsidiary in Bangladesh, Grameenphone, has today announced its results for the fourth quarter 2018. Telenor’s consolidated figures in NOK million for the fourth quarter 2018 are as follows:

Q418 Q417

Revenues 3,482 3,190

EBITDA before other items 2,165 1,876

EBITDA 2,118 1,718

Operating profit 1,610 1,134

CAPEX excl. spectrum licences 395 470

Subscription and traffic revenues in local currency increased by 11%. The EBITDA margin was 62%.During the quarter the number of subscriptions increased by 1.319 million to 72.732 million.

According to the new accounting standard IFRS 15, the figures in NOK million for the fourth quarter 2018 are as follows:

Q418 2018

Revenues 3,482 12,910

EBITDA before other items 2,163 7,807

Operating profit 1,607 5,563