0
General

Telenor raises EBITDA margin target after strong Q2 growth

Monday 17 July 2017 | 08:28 CET | News

Telenor reported a small net loss for the second quarter, of NOK 167 million versus a profit of NOK 1.111 billion a year ago. This follows a loss on the sale of shares in Veon and a writedown of its currency exposure to the operator. Adjusted for the loss on Veon and gain on the sale of online classifieds assets in Latin America, Telenro had a net profit of NOK 3.9 billion.

Adjusted EBITDA was still up 11.8 percent to NOK 12.719 billion, and the company raised its target for the full-year EBITDA margin. The margin in Q2 was up 4 percent points year-on-year to a record 40 percent, and Telenor expects a result of 38-39 percent over the full year, compared to a previous estimate of 37 percent. After NOK 1 billion in operating cost savings in the past year, Telenor said it's stepping up its efficiency efforts, to help face the "rapid changes in customer behaviour and technology advances". 

Quarterly revenues increased 1.8 percent to NOK 31.470 billion. Bangladesh showed the strongest growth, thanks to more customers and higher ARPU, and Telenor said it also saw growth from fixed broadband in Sweden and Norway, and customer growth in Pakistan and Myanmar. Organic mobile subscription and traffic revenues increased by 3 percent. 

The number of mobile subscriptions increased by 2 million during the quarter, raising the total subscriber base to 174 million. The main contributors were Bangladesh and Pakistan, which added 1.7 and 0.7 million subscribers, respectively. This was partly offset by a loss of 0.7 million subscribers inThailand. The share of active data users was unchanged at 50 percent.

Free cash flow rose to NOK 9.9 billion from NOK 9.4 billion last year, driven by improved EBITDA and lower taxes coupled with lower investments. In addition, net proceeds from the online classifieds divestment and disposal of Veon shares contributed NOK 4.7 billion. Telenor said it will share some of the proceeds with shareholders with the start of a programme to buy back up to 2 percent of the company's shares. 



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Telenor
Countries: Asia / Scandinavia
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Telenor revenues in Serbia and Montenegro drop 1% in Q2

Published 18 Jul 2017 09:16 CET | Serbia
Telenor Group reported revenues of NOK 955 million in Serbia and Montenegro for the second quarter of 2017, down by 1 percent ...

Telenor Denmark reports higher Q2 mobile and handset revenue

Published 17 Jul 2017 12:07 CET | Denmark
Telenor Denmark reported a rise in second quarter revenue to NOK 1.29 billion from NOK 1.24 billion a year earlier, as higher ...

Telenor Sweden says fixed revenue growth boosts Q2 results

Published 17 Jul 2017 11:43 CET | Sweden
Telenor Sweden had an increase in second quarter revenue to NOK 3.14 billion from NOK 3.09 billion a year earlier. It restated ...

Telenor Norway lifts Q2 operating profit, mobile revenue up

Published 17 Jul 2017 11:17 CET | Norway
Telenor Norway saw a rise in operating profit in the second quarter as total revenues dipped, with mobile revenue improving year ...

Telenor Hungary adds 18,000 customers in second quarter

Published 17 Jul 2017 10:56 CET | Hungary
Telenor Hungary reported total revenues up by 3 percent in Q2 to HUF 1.149 billion primarily driven by both higher ARPU as well ...

Telenor Myanmar subscriber base jumps 11% in Q2

Published 17 Jul 2017 10:40 CET | Myanmar
Telenor Myanmar posted an operating profit of NOK 544 million in the second quarter of 2017, up from NOK 636 million in the ...

Telenor Pakistan adds 700,000 subscribers in Q2

Published 17 Jul 2017 10:30 CET | Pakistan
Telenor Pakistan posted an operating profit of NOK 636 million in the second quarter of 2017, up from NOK 596 million in the ...

Telenor Bulgaria loses 91,000 customers in Q2

Published 17 Jul 2017 10:19 CET | Bulgaria
Telenor Bulgaria reported revenues in Q2 up slightly to NOK 780 million from NOK 768 million a year earlier. Mobile subscription ...

Grameenphone's Q2 revenues grow 15%, EBITDA up 30%

Published 17 Jul 2017 10:18 CET | Bangladesh
Bangladeshi mobile operator Grameenphone saw its second-quarter revenues reach NOK 3.4 billion, which represents an increase of ...

Dtac's Q2 net profit jumps 426% year-on-year

Published 14 Jul 2017 08:35 CET | Thailand
Thai mobile operator Dtac's net profit reached THB 743 million in the second quarter, which represents a growth of 224 percent ...

Telenor revenues dip to NOK 30.45 bln in mainly stable Q1

Published 04 May 2017 08:20 CET | World
Telenor reported mainly stable results for the first quarter, as it continues to simplify and streamline the company. CEO Sigve ...

Telenor sells more Veon shares, to book accounting loss

Published 07 Apr 2017 09:46 CET | World
Telenor is reducing its stake in Veon, formerly known as VimpelCom. The Norwegian operator announced the sale of 70 million ...





81%
use WiFi on their mobile phones
Netherlands  |  2017Q2

Calendar   /   Industry Events

24 Jul Alphabet Q2 2017
24 Jul Logitech fiscal Q1
24 Jul Maroc Telecom Q2 2017
24 Jul Veon AGM
25 Jul Akamai Technologies Q2 2017
25 Jul AT&T Q2 2017
25 Jul Telekom Austria Q2 2017
25 Jul Juniper Networks Q2 2017
25 Jul Inwit Q2 2017
25 Jul Texas Instruments Q2 2017
25 Jul TIM Brasil Q2 2017
25 Jul Drillisch EGM
26 Jul Limelight Networks Q2 2017
26 Jul Telefonica Brasil Q2 2017
26 Jul Telefonica Deutschland Q2 2017
26 Jul KPN Q2 2017
26 Jul Orange Poland Q2 2017
26 Jul AltiGen Communications Q2 2017
26 Jul Orange Belgium Q2 2017
26 Jul Fortinet Q2 2017
26 Jul STMicroelectronics Q2 2017
26 Jul Mellanox Technologies Q2 2017
26 Jul TE Connectivity fiscal Q3
26 Jul Netgear Q2 2017
26 Jul Paypal Q2 2017
26 Jul Analytics Leaders Summit 2017
26 Jul IoT Summit 2017
27 Jul Microsemi fiscal Q3
27 Jul Twitter Q2 2017
27 Jul InterDigital Q2 2017
::: More Calendar Items