Telenor reports fourth-quarter results

"In 2016, Telenor continued to grow revenues and delivered a record high EBITDA. We made significant progress on network deployment during the year, supporting our customers' increasing data usage. Based on the 2016 results, we are proposing a dividend of NOK 7.80 per share, which represents an...

London, 02/02/2017 (informazione.it - comunicati stampa - telecomunicazioni)

"In 2016, Telenor continued to grow revenues and delivered a record high EBITDA. We made significant progress on network deployment during the year, supporting our customers' increasing data usage. Based on the 2016 results, we are proposing a dividend of NOK 7.80 per share, which represents an increase of four per cent compared to last year.

During the fourth quarter, organic revenue growth was one per cent and EBITDA increased by two per cent on an organic basis. The revenue growth was primarily driven by the rapidly increasing data consumption in Pakistan, Bangladesh and Myanmar. We also saw positive effects from the ongoing fibre roll-out in Norway and Sweden. The intense competition in our Thai, Malaysian and Danish markets continued during the quarter. Cost efficiency is a key driver for value creation, and I'm pleased to see that effects from our efficiency initiatives are starting to come through.

Entering 2017, our priorities are clear: We will continue to digitize our core business in order to build strong and engaging customer relationships and to capture the efficiency opportunities that digitization brings," says Sigve Brekke, Chief Executive Officer of Telenor Group.

Media Contact:
Meera Bhatia, mobile: (+47) 46 84 49 59, meera.bhatia@telenor.com

Investor Relations Contacts:
Marianne Moe, mobile: (+47) 91 61 76 31, marianne.moe@telenor.com

Helge Øien, mobile: (+47) 91 31 92 42, helge.oien@telenor.com

Press and analyst presentation
In connection with the publication of the financial results, a presentation will he held on Thursday 2 February at 10:00 am CET. The presentation, which will also be available via webcast, will be held in Auditorium Voice, Telenor Expo Visitor Centre at Fornebu near Oslo. CFO Jørgen C. Arentz Rostrup will present the quarterly results. The presentation will be held in English. There will not be a QA session following the quarterly results as a result of Telenor's Capital Markets Day 2017 being held the same day from the same location. The Capital Markets Day programme begins at 11:00 am CET and will also be available via webcast. For further details, see http://www.telenor.com/cmd

Material
The quarterly report and the presentation are available here. http://www.telenor.com/investors/reports/2017/telenor-groups-results-for-the-4th-quarter-2016/