Telenor Capital Markets Day 2017
(Thomson Reuters ONE) -
(Fornebu, 2 February 2017) -- Today, Telenor hosts its Capital Markets Day 2017
at Fornebu, Norway. The presentations focus on Telenor's strategic direction
towards 2020, including the company's financial priorities and ambitions. A key
message of the day is that Telenor will prioritize cash flow generation, through
efficiency improvements and strict prioritization of resources.
In addition to Group CEO and CFO presentations on strategic direction and
financial priorities, speakers from Telenor's business units in Norway,
Bangladesh and Thailand will give an update on current market trends and
highlight how the Group strategy will be implemented in their respective units.
"Towards 2020, we aim to continue growing and significantly improving our
efficiency, driven by a digital transformation of our core business and a strict
prioritization of resources. The key to our future success lies within the
opportunities related to digitizing customer interactions, leveraging scale
within networks and IT, as well as using advanced analytics to improve customer
insight. Our strategy will strengthen our cash flow generation and support our
commitment to deliver a growing dividend to our shareholders,'' says Sigve
Brekke, Chief Executive Officer of Telenor Group.
Telenor will seek to leverage scale, both through global operations and
synergies within its four geographic clusters: Scandinavia, Central and Eastern
Europe, emerging Asia and mature Asia. In Norway and Sweden, Telenor will step-
up its fibre roll-out ambitions, targeting to strengthen its market position
within high-speed broadband. In addition, Telenor will explore early positions
on fibre in emerging Asia, utilizing the company's existing mobile
infrastructure. As part of Telenor Group's overall simplification and
prioritization, Telenor will continue to seek a solution for its operations in
India, and also review other assets of less strategic importance.
Telenor's priorities for capital allocation remain unchanged, with a solid
balance sheet with net interest bearing debt to EBITDA below 2.0x and
competitive shareholder remuneration. Telenor's dividend policy has been
slightly adjusted to "aiming for year-on-year growth in ordinary dividend per
share" (previously 50%-80% pay-out of normalized net income, with an aim for
year-on-year growth in dividend per share). In addition, buy-back of own shares
and/or extraordinary dividend pay-outs will be evaluated on a case-by-case
basis.
In relation to today's fourth quarter 2016 results, Telenor has announced its
financial outlook for 2017, expecting an organic revenue growth in the range of
1%-2% and an EBITDA margin of around 36%. The capex to sales ratio excluding
licenses is expected to be 15%-16%.
Telenor's financial ambitions for the period 2018-2020 are as follows:
* Year-on-year low single-digit organic revenue growth
* Net opex reductions of 1%-3% per year
* Capex/sales ratio of around 15%, excluding licenses
* Year-on-year growth in ordinary dividend per share
The event starts at 11:00 AM CET and a link to the webcast and presentations
will be available at http://www.telenor.com/cmd. The presentation material will
be available at 10:30 AM CET.
Investor Relations contacts:
Marianne Moe, mobile: (+47) 91 61 76 31, marianne.moe(at)telenor.com
Helge Øien, mobile: (+47) 91 31 92 42, helge.oien(at)telenor.com
Media contact:
Meera Bhatia, mobile: (+47) 46 84 49 59, meera.bhatia(at)telenor.com
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Telenor via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 02.02.2017 - 07:00 Uhr
Sprache: Deutsch
News-ID 521482
Anzahl Zeichen: 4259
contact information:
Town:
OSLO
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 320 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Telenor Capital Markets Day 2017"
steht unter der journalistisch-redaktionellen Verantwortung von
Telenor (Nachricht senden)
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