Telenor reports first-quarter results
(Thomson Reuters ONE) -
"I'm pleased to see Telenor continuing to deliver organic EBITDA growth, while
revenues were stable in the first quarter. Highlights were the strong data
consumption in emerging Asia and the solid fibre momentum in Norway as well as
Sweden. It has been a busy quarter, as we have introduced new and improved
mobile offers in several markets, with encouraging customer reception. In
Thailand and Malaysia, this supported double-digit postpaid growth, and we are
actively working to mitigate the continued intense competition in the prepaid
market,'' says Sigve Brekke, CEO of Telenor Group.
"As previously communicated, simplification and efficiency improvements are on
top of our agenda. Our announcement to exit India, the continued sell-down in
VEON and the launch of our cluster organisation are all examples of these
efforts. Together with the company-wide initiatives to improve profitability, we
believe that we are laying a solid foundation for Telenor's future," says
Brekke.
KEY FIGURES TELENOR GROUP
+------------------------------------------------------+-------+-------+-------+
|(NOK in millions) |Q1 2017|Q1 2016|FY 2016|
+------------------------------------------------------+-------+-------+-------+
|Revenues |30,458 |31,494 |125,395|
+------------------------------------------------------+-------+-------+-------+
|Organic revenue growth (%) |0.2 |1.3 |0.8 |
+------------------------------------------------------+-------+-------+-------+
|EBITDA before other income and other expenses |11,462 |11,629 |45,966 |
+------------------------------------------------------+-------+-------+-------+
|EBITDA before other income and other expenses/Revenues|37.6 |36.9 |36.7 |
|(%) | | | |
+------------------------------------------------------+-------+-------+-------+
|Profit after taxes and non-controlling interests |4,168 |4,256 |2,832 |
+------------------------------------------------------+-------+-------+-------+
|Capex excl. licences and spectrum/Revenues (%) |14.9 |16.3 |17.4 |
+------------------------------------------------------+-------+-------+-------+
|Capex/Revenues (%) |14.9 |16.4 |20.2 |
+------------------------------------------------------+-------+-------+-------+
|Mobile subscriptions - Change in quarter/Total (mill.)|2.1 |3.8 |170 |
+------------------------------------------------------+-------+-------+-------+
FIRST QUARTER 2017 SUMMARY
* Total revenues decreased by 3% to NOK 30.5 billion, while organic revenues
remained at par with last year. Mobile subscription & traffic revenues
increased by 1% on an organic basis.
* EBITDA before other items decreased by 1% to NOK 11.5 billion, corresponding
to an EBITDA margin of 38%, an increase of 1 percentage point from last
year.
* Organic EBITDA increased by 3%. Adjusted for a one-time positive effect from
Telenor Broadcast during the first quarter of 2016, the organic EBITDA
growth was 5% year-on-year.
* Capital expenditure excluding licences and spectrum was NOK 4.5 billion,
resulting in a capex to sales ratio of 15%.
* Free cash flow for the quarter was NOK 2.2 billion.
FINANCIAL OUTLOOK for 2017
The financial outlook for 2017 has been adjusted to reflect the new Group
structure with India presented as discontinued operations. Telenor expects an
organic revenue growth in the range of 1% to 2% and an EBITDA margin of around
37%. The capex to sales ratio excluding licences is expected to be 15 % to 16%.
Media Contact:
Meera Bhatia, mobile: (+47) 46 84 49 59, meera.bhatia(at)telenor.com
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
Press and analyst presentation
In connection with the publication of the financial results, a press and analyst
conference will be held on Thursday 4 May 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 21002610 and state the confirmation code:
9702819
Material
The quarterly report and the presentation are available here.
http://www.telenor.com/investors/reports/2017/telenor-groups-results-for-the-
1st-quarter-2017/
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: 04.05.2017 - 07:00 Uhr
Sprache: Deutsch
News-ID 540171
Anzahl Zeichen: 5855
contact information:
Town:
OSLO
Kategorie:
Business News
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