Telenor ASA — Earnings Release 2019

Jan 28, 2020

dtac - results for the fourth quarter 2019

dtac - results for the fourth quarter 2019

Telenor Group’s subsidiary in Thailand, dtac, has today reported its fourth quarter 2019 results. Telenor’s consolidated figures in NOK million are as follows:

Q4 19 Q4 18

Revenues 6,499 4,929

EBITDA before other items 1,862 1,307

EBITDA margin (before o.i) 28.7% 26.5%

EBITDA 1,704 -836

Operating profit 513 -1,625

Capex (excl. spectrum) 1,146 2,001

Subscription and traffic revenues in local currency increased by 3%. The EBITDA margin was 29%. During the quarter, the total number of subscriptions increased by 226,000 to 20.6 million.

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

Q419

Revenues 6,429

EBITDA before other items 2,218

Operating profit 524

Outlook 2020

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

• EBITDA: Mid-single digit growth

• Capex: THB 13-15 billion