All-time high EBITDA as transformation gains traction

Once again, Telenor Group delivered a strong set of results, with an organic mobile subscription and traffic revenue growth of 3% and continued EBITDA expansion in the third quarter. The company reduced costs by NOK 0.4 billion, achieved a record high EBITDA margin of 42% and reported a strong...

London, 25/10/2017 (informazione.it - comunicati stampa - telecomunicazioni)

"We delivered a strong set of results. On an organic basis, growth in core revenues, together with continued progress on our efficiency agenda, generated a 9% increase in EBITDA.

Execution of our business strategy is gaining traction. So far this year, our team has achieved cost savings of 1 billion kroner, implying that our target for 2017 has already been met and further efficiency gains should be expected going forward. The solid results, together with the proceeds from the completion of the VEON sell-down, give us a free cash flow of 9.4 billion kroner for the quarter.

Our next steps are to continue transforming our business by focusing on digitalising the core, improving efficiency across the company and nurturing growth, where we see reassuring trends and potential. In order to further improve our services and remain competitive, we aim to leverage new technologies and make responsible use of our data for the benefit of our customers. We will maintain our focus on digitalising our networks and customer interactions, which are two aspects that we believe are critical to achieving our ambitions and ensuring that our services are value adding for our customers,'' said

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

Marianne Moe, mobile: (+47) 91 61 76 31, marianne.moe@telenor.com
Helge Øien, mobile: (+47) 91 31 92 42, helge.oien@telenor.com

In connection with the publication of the financial results, a press and analyst conference will be held on Wednesday 25 October at 09:00 hrs Norwegian time/CET. The presentation, which will also be broadcast live via webcast, will be held in Auditorium Voice, Telenor Expo Visitor Centre at Fornebu near Oslo. CEO Sigve Brekke and CFO Jørgen C. Arentz Rostrup will present the results. The presentation will be held in English.

You may also call in and listen to the presentation over the phone. This service allows you to ask questions during the Q&A session at the end of the presentation. To participate in the conference call, please register before the conference starts by calling
+47 2350 0296 (local Norway)
+46 (0) 8 5664 2793 (local Sweden)
+44 (0) 330 336 9411 (local UK)
+1 719 325 2202 (local US)

Please state the confirmation code: 5627402.


The quarterly report and the presentation are available here. https://www.telenor.com/investors/financial-calendar/2017/telenor-groups-results-for-the-3rd-quarter-2017/