Telenor ASA — Earnings Release 2019

Jan 22, 2020

Digi Q4 2019 results

Digi Q4 2019 results

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

Q4 19 Q4 18

Revenues 3,663 3,385

EBITDA before other items 1,559 1,501

EBITDA 1,542 1,501

Operating profit 1,099 1,104

Capex (excl. spectrum) 451 459

During the quarter, the total number of subscriptions decreased by 49,000 to 11.281 million. EBITDA in local currency decreased by 4%.

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

Q4 19

Revenues 3,663

EBITDA before other items 1,784

Operating profit 1,130

Outlook 2020 (IFRS 16)

• Service revenues: Flat to low-single digit decline (excl. interconnect rate revision)

• EBITDA: Flat to low-single digit decline

• Capex: Similar to 2019 level