Telenor ASA — Earnings Release 2022

Jul 15, 2022

Digi – results for the second quarter 2022

Digi – results for the second quarter 2022

Telenor Group’s subsidiary in Malaysia, Digi, 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 3,334 3,284

EBITDA before other items 1,613 1,506

Operating profit 924 848

CAPEX excl. spectrum licences 372 394

Service revenues in local currency decreased by 1%, while EBITDA remained flat. During the quarter, the number of subscriptions increased by 271k to 10.513 million.

Outlook 2022 (updated)

• Service Revenue: Return to growth

• Normalised EBITDA: Low single digit decline (updated)

• Capex to Total revenue: Around 2021 level