Telenor ASA — Earnings Release 2021

Apr 30, 2021

Dtac – results for the first quarter 2021

Dtac – results for the first quarter 2021

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

Q1 21 Q1 20

Revenues 5,767 6,097

EBITDA before other items 2,102 2,329

Operating profit 530 730

CAPEX excl. spectrum licences 937 262

Subscription and traffic revenues in local currency decreased by 7%, and EBITDA decreased by 3%. During the quarter the number of subscriptions increased by 229 thousand to 19.085 million.

Outlook 2021

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

• EBITDA: Flat to low single-digit growth

• Capex: THB 13-15 billion