Second quarter 2013: Improved growth and profitability
(Thomson Reuters ONE) -
(Fornebu - 23 July 2013) In the second quarter of 2013, Telenor Group reported
revenues of NOK 25.7 billion, representing an organic revenue growth of 2%.
EBITDA before other items was NOK 8.86 billion, EBITDA margin was 34%, and
operating cash flow was NOK 5.37 billion.
"Telenor's geographical footprint covers both advanced and growing economies,
offering growth opportunities and profitability as demonstrated in the second
quarter. At the same time, regulatory issues remain a challenge, particularly
visible in Bangladesh and India during this period,'' said Jon Fredrik Baksaas,
President and CEO of Telenor Group.
Outlook maintained
"The Group's organic revenue growth improved from the first quarter combined
with stronger margins. With these trends, we maintain the outlook for this
year,'' said Baksaas.
More than five million new customers
"During the second quarter, Telenor gained more than five million new customers
driven by strong growth in Asia. In Thailand, dtac's network investments and
high customer uptake is resulting in solid revenue growth as our customers
embrace new services enabled through 3G. In Norway and Sweden, we saw
subscription growth picking up in the consumer segment as a result of new data
centric offerings,'' said Baksaas.
Myanmar and Bulgaria
"Telenor was recently declared a successful applicant for a telecommunications
licence in Myanmar, and we are currently awaiting the telecom law and final
licence conditions from the local authorities. Our acquisition of Bulgaria's
second largest telecom operator Globul has been approved by the EU Commission,
and I am looking forward to welcoming our new colleagues in a region well known
to Telenor,'' added Baksaas.
New buyback programme
"Telenor's operational performance and strong financial position enables healthy
shareholder remuneration. I am pleased to announce that we are initiating
another share buyback programme for approximately 1 percent of the outstanding
shares, to be completed before the AGM in 2014," said Baksaas.
Key figures
The table below contains key figures for the second quarter of 2013, compared to
the previous year.
+---------------------------------------+------+---------------+---------------+
| | 2Q | 2Q | Year |
+---------------------------------------+------+---------------+---------------+
|(NOK in millions except earnings per | 2013 |2012 (Restated)|2012 (Restated)|
|share) | | | |
+---------------------------------------+------+---------------+---------------+
|Revenues |25 747| 25 357| 101 718|
+---------------------------------------+------+---------------+---------------+
|EBITDA before other income and expenses| 8 857| 8 064| 32 848|
+---------------------------------------+------+---------------+---------------+
|EBITDA margin before other income and | | | |
|expenses (%) | 34.4| 31.8| 32.3|
+---------------------------------------+------+---------------+---------------+
|Adjusted operating profit[1] | 5 466| 4 508| 18 446|
+---------------------------------------+------+---------------+---------------+
|Adjusted operating profit/Revenues (%) | 21.2| 17.8| 18.1|
+---------------------------------------+------+---------------+---------------+
|Profit after taxes and non-controlling | | | |
|interests | 3 249| 2 067| 8 809|
+---------------------------------------+------+---------------+---------------+
|Earnings per share from total | | | |
|operations, basic, in NOK | 2.13| 1.31| 5.63|
+---------------------------------------+------+---------------+---------------+
|Capex | 3 484| 2 959| 21 511|
+---------------------------------------+------+---------------+---------------+
|Capex excl. licences and spectrum | 3 484| 2 904| 12 299|
+---------------------------------------+------+---------------+---------------+
|Capex excl. licences and | | | |
|spectrum/Revenues (%) | 13.5| 11.5| 12.1|
+---------------------------------------+------+---------------+---------------+
|Operating cash flow [2] | 5 374| 5 159| 20 549|
+---------------------------------------+------+---------------+---------------+
|Net interest-bearing liabilities [3] | - | - | 33 082|
+---------------------------------------+------+---------------+---------------+
For more information please refer to the quarterly report at
http://www.telenor.com/investor-relations/reports/2013/telenors-results-for-the-
2nd-quarter-2013/
Contact:
Meera Bhatia, Communications Manager, Tel: +4746844959, E-mail:
meera.bhatia(at)telenor.com
To the editorial offices:
Press and analyst conference
In connection with the publication of the financial results, a press and analyst
conference will be held on Tuesday 23 July 2013 at 09:00 hrs Norwegian time/CET.
The presentation will be held in Auditorium Voice, Telenor Expo Visitors'
Centre, at the Telenor Headquarters at Fornebu outside Oslo. President and CEO
Jon Fredrik Baksaas and CFO Richard Olav Aa will present the results. All
presentations will be given in English.
Internet and mobile broadcast
The press and analyst conference will be broadcast live over the Internet, and a
recorded version will be made available on http://www.telenor.com/investor-
relations/reports/2013/telenors-results-for-the-2nd-quarter-2013/. During the
live transmission, written questions may be submitted via the Internet. The
conference will also be available live, and in a recorded version, on mobile
phones - for access, SMS expo to 2440 or +472440 from abroad.
Conference call and Q&A
The press and analyst conference will also be available as a conference call.
This service also allows participants to ask questions at a concluding Q&A
session, which will be held immediately after the presentation and a brief Q&A
session in the auditorium. Please register well in advance on (+47)23184545, and
state your name and company to an automatic voicemail followed by # (pound
sign). For the Q&A session: to queue up for questions please press *1.
Materials
English language versions of the full quarterly report and all presentations
used during the press and analyst conference will be made available at
http://www.telenor.com/investor-relations/reports/2013/telenors-results-for-the-
2nd-quarter-2013/
--------------------------------------------------------------------------------
*Organic revenue is defined as revenue adjusted for the effects of acquisition
and disposal of operations and currency effects.
[1]Adjusted operating profit is defined as Operating profit less other income
and expenses and impairment losses.
[2]Operating cash flow is defined as EBITDA before other income and expenses -
Capex, excluding licences and spectrum
[3]Net interest-bearing liabilities is defined as interest-bearing debt
excluding net present value of licence liabilities.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Telenor via Thomson Reuters ONE
[HUG#1717922]
Unternehmensinformation / Kurzprofil:
Datum: 23.07.2013 - 07:01 Uhr
Sprache: Deutsch
News-ID 280624
Anzahl Zeichen: 8697
contact information:
Town:
OSLO
Kategorie:
Business News
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