Telenor ASA — Earnings Release 2019

Jan 28, 2020

DNA fourth quarter 2019 results

DNA fourth quarter 2019 results

Telenor Group’s subsidiary in Finland, DNA, has today announced its results for the fourth quarter 2019. Telenor’s consolidated figures in NOK million are as follows:

Q419 Q418

Revenues 2,406 2,290

EBITDA before other items 674 629

Operating profit 151 274

CAPEX excl. spectrum licences 710 516

Subscription and traffic revenues in local currency increased by 5%. The reported EBITDA margin was 28%. During the quarter the number of subscriptions decreased by 13,000 to 2.696 million.

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

Q419

Revenues 2,406

EBITDA before other items 723

Operating profit 151