Telenor ASA — Earnings Release 2022

Jul 15, 2022

Dtac – results for the second quarter 2022

Dtac – results for the second quarter 2022

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

Q2 22 Q2 21

Revenues 5,471 5,335

EBITDA before other items 2,264 2,158

Operating profit 530 670

CAPEX excl. spectrum licences 918 977

Subscription and traffic revenues in local currency decreased by 3%, and EBITDA increased by 3%. During the quarter the number of subscriptions increased by 412k to 20.278 million.

Outlook 2022 (updated)

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

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

• Capex: THB 11-13 billion (updated)