Telenor ASA — Earnings Release 2021

Jul 16, 2021

Digi – results for the second quarter 2021

Digi – results for the second quarter 2021

Telenor Group’s subsidiary in Malaysia, Digi, has today announced its results for the second quarter 2021. Telenor’s consolidated figures in NOK million are as follows:

Q2 21 Q2 20

Revenues 3,284 3,364

EBITDA before other items 1,506 1,786

Operating profit 848 1,029

CAPEX excl. spectrum licences 394 412

Subscription and traffic revenues in local currency increased by 2%, and EBITDA decreased by 4%. During the quarter the number of subscriptions decreased by 33 thousand to 10.22 million.

Outlook 2021 (reiterated)

• Service Revenue: Low single digit decline

• EBITDA: Mid-single digit decline

• Capex to sales: 14-15%