Telenor ASA — Earnings Release 2018

Jan 24, 2019

Digi Q4 2018 results

Digi Q4 2018 results

Telenor Group’s subsidiary in Malaysia, Digi, has today reported its fourth quarter 2018 results. Telenor’s consolidated figures in NOK million are as follows:

Q4 18 Q4 17

Revenues 3,394 3,223

EBITDA before other items 1,513 1,435

EBITDA 1,513 1,423

Operating profit 1,116 1,013

Capex (excl. spectrum) 459 315

During the quarter, the total number of subscriptions decreased by 144,000 to 11.660 million. EBITDA in local currency increased by 2%.

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

Q4 18 2018

Revenues 3,385 13,149

EBITDA before other items 1,501 6,111

Operating profit 1,104 4,410

Outlook 2019 (IFRS 15)

• Service revenues: Around 2018 level

• EBITDA: Low single digit growth

• Capex: 11-12 % of service revenues