Telenor ASA — Earnings Release 2020

Jul 14, 2020

Digi Q2 2020 results

Digi Q2 2020 results

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

Q2 20 Q2 19

Revenues 3,364 3,228

EBITDA before other items 1,786 1,774

Operating profit 1,029 1,128

Capex (excl. spectrum) 412 538

Subscription and traffic revenues in local currency decreased by 3.8%, and reported EBITDA decreased by 9%.During the quarter, the total number of subscriptions decreased by 385,000 to 10.623 million.

Outlook 2020

• Service Revenue: Low single digit decline

• EBITDA: Medium single digit decline

• Capex: Similar to 2019 level