Telenor ASA — Earnings Release 2019

Jan 28, 2020

Grameenphone fourth quarter 2019 results

Grameenphone fourth quarter 2019 results

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

Q419 Q418

Revenues 3,887 3,482

EBITDA before other items 2,375 2,163

EBITDA 2,313 2,116

Operating profit 1,741 1,607

CAPEX excl. spectrum licences 419 395

Subscription and traffic revenues in local currency increased by 5%. The reported EBITDA margin was 61%. During the quarter the number of subscriptions increased by 745,000 to 76.462 million.

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

Q419

Revenues 3,887

EBITDA before other items 2,464

Operating profit 1,771