Telenor ASA — Earnings Release 2022

Oct 21, 2022

Dtac – results for the third quarter 2022

Dtac – results for the third quarter 2022

Telenor Group’s subsidiary in Thailand, dtac, has today announced its results for the third quarter 2022. Telenor’s consolidated figures in NOK million are as follows:

Q3 22 Q3 21

Revenues 5,503 5,110

EBITDA before other items 1,973 1,978

Operating profit 384 463

CAPEX excl. spectrum licences 541 928

Subscription and traffic revenues in local currency decreased by 1%, and EBITDA decreased by 4%. During the quarter the number of subscriptions increased by 775k to 21.053 million.

Outlook 2022 (maintained)

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

• EBITDA: Flat to low single-digit growth excluding M&A cost

• Capex: THB 11-13 billion