Telenor ASA — Earnings Release 2022

Apr 29, 2022

Digi – results for the first quarter 2022

Digi – results for the first quarter 2022

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

Q1 22 Q1 21

Revenues 3,209 3,244

EBITDA before other items 1,573 1,552

Operating profit 915 902

CAPEX excl. spectrum licences 176 317

Service revenues in local currency decreased by 2%, EBITDA increased by 1%. During the quarter, the number of subscriptions decreased by 77k to 10.241 million.

Outlook 2022 (maintained)

• Service Revenue: Return to growth

• Normalised EBITDA: Around 2021 level

• Capex to Total revenue: Around 2021 level