DNA Plc's Financial Statements Bulletin 2022: Total revenues, EBITDA, and operating result improved – result affected by general cost inflation

This is a summary DNA's Financial Statements Bulletin 2022. The complete report is attached to this release and also available at corporate.dna.fi/general-financial-information .*** Summary Unless otherwise stated, the comparison figures in brackets refer to the corresponding period in the previous year (reference period). Figures are unaudited.Due to delisting of DNA's share from Nasdaq Helsinki on 3 February 2020, DNA is not subject to reporting obligations as an issuer of...

DNA PLC, 02/02/2023 (informazione.it - comunicati stampa - telecomunicazioni)

This is a summary DNA's Financial Statements Bulletin 2022. The complete report is attached to this release and also available at  corporate.dna.fi/general-financial-information .

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Unless otherwise stated, the comparison figures in brackets refer to the corresponding period in the previous year (reference period). Figures are unaudited.

Due to delisting of DNA's share from Nasdaq Helsinki on 3 February 2020, DNA is not subject to reporting obligations as an issuer of shares as set out in the Finnish Securities Markets Act. DNA is still subject to reporting obligations as an issuer of senior unsecured fixed rate notes due 2025 (ISIN: FI4000312095) listed in Nasdaq Helsinki stock exchange.

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Year 2022 will be remembered as a period of great uncertainty in the Finnish operating environment. The war against Ukraine that Russia started in February caused global uncertainty, clouding the economic outlook in Finland as well. Inflation has picked up speed in all of Europe and is biting into consumers' pur-chasing power also in Finland, and the sharp rise of the most common reference rates continued towards the end of the year. According to the economic forecast published by the Bank of Finland in December , while economic growth picked up in the early part of 2022, Finnish economy will slide into a mild recession in 2023 as a result of the energy crisis exacerbated by Russia's war in Ukraine and the surge in the cost of living.

DNA's January–December figures show that our business has developed steadily. Our total revenues grew 4% year-on-year and amounted to EUR 997 million (956), EBITDA increased 2% and was 364 million (359), and operating result increased 4% to EUR 160 million (154). Exceptionally high price inflation and rising energy prices had a negative impact on DNA's result. It was not possible to pass the rapid increase of energy and wholesale prices on to the prices of DNA's services. At the same time, DNA has continued big investments into the construction of its 5G network as well as fibre optic networks and transmission systems.

The number of mobile subscriptions increased by 51,000 year-on-year, and their ARPU increased to EUR 17.4 (17.1). The number of fixed broadband subscriptions increased by 39,000 from the comparison period, and their ARPU increased to EUR 16.4 (16.3). DNA's growth as the fixed-network market leader has contin-ued, and the demand for 5G services is also accelerating. To date, we have already sold hundreds of thou-sands of 5G subscriptions. Eight of the ten most popular phone models sold by DNA in 2022 were 5G-capable. Demand was also driven by our quickly expanding and fast 5G network, which reached 80% of the population at the end of the year.

We also clarified our strategy in 2022, and as part of that work, redefined our key role in the society as a provider of important communication connections. High-quality connections and devices that are easy to deploy and use, as well as digital skills and inclusion are a necessity for making our consumer and corpo-rate customers' lives less complicated in the digital world. DNA is responsible for providing network con-nections and services to millions, and we want to do it well. By doing that, we can maintain high customer experience.

While the lifting of the national remote working recommendation in early 2022 increased the utilisation rate of DNA's offices, it remains far short of pre-pandemic figures. As a rule, our employees can continue to choose freely where and how they work because freedom, responsibility, and trust are a permanent part of the working culture at DNA. Alongside these themes we have placed more emphasis on the im-portance of being a humane place to work, which was one of the most important themes in terms of per-sonnel's working ability in 2022. As one of the concrete actions to promote a more humane approach, we published our employer promise in June, promising to support every employee to live a humane and one-of-a-kind life. Here at DNA we understand that we can achieve the most satisfied customers and the best possible results only when we look after the well-being of our personnel.

CEO

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Financial Statements Bulletin 2022, DNA Plc (PDF)

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Jussi Tolvanen, CEO, DNA Plc, +358 44 044 1000, jussi.tolvanen@dna.fi
Timo Kipinoinen, acting CFO, DNA Plc, +358 44 044 8131, timo.kipinoinen@dna.fi
DNA Corporate Communications, tel. +358 44 044 8000, communications@dna.fi

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is one of the leading telecommunications companies in Finland. We want to make our customers' daily lives less complicated. We offer connections, services and devices for homes and workplaces, contributing to the digitalisation of society. DNA's customers are continuously among the world mobile data usage leaders. DNA has about 3.6 million subscriptions in its fixed and mobile communications networks. The company has been awarded numerous times as an excellent employer and family-friendly workplace. In 2022, our total revenue was EUR 997 million and we employ about 1,700 people around Finland. DNA is a part of Telenor Group, a leading telecommunications company across the Nordics. More information: www.dna.fi, Twitter @DNA_fi, Facebook @DNA.fi and LinkedIn @DNA-Oyj.

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