Telenor ASA — Earnings Release 2020

Jul 15, 2020

dtac - results for the second quarter 2020

dtac - results for the second quarter 2020

Telenor Group’s subsidiary in Thailand, dtac, has today reported its second quarter 2020 results. Telenor’s consolidated figures in NOK million are as follows:

Q2 20 Q2 19

Revenues 6,013 5,478

EBITDA before other items 2,540 2,117

Operating profit 856 745

Capex (excl. spectrum) 432 637

Subscription and traffic revenues in local currency decreased by 3.9%, and EBITDA increased by 4.7%.During the quarter, the total number of subscriptions decreased by 835,000 to 18.790 million.

Outlook 2020

• Service revenues (excl. interconnect): Low-single digit decline

• EBITDA: At 2019 level

• Capex: THB 8-10 billion