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General

Telenor trims sales, capex outlook, raises EBITDA target

Tuesday 19 July 2016 | 08:35 CET | News
Telenor has lowered its annual sales growth outlook and improved its EBITDA margin target, after a mixed performance across its operations in Q2. Revenues rose slightly to NOK 32.48 billion from NOK 31.41 billion a year ago, with growth held back by difficult market conditions in Thailand and Malaysia. Organic mobile service revenue was up 4 percent, while handset sales were lower. The company now expects to report organic revenue growth of just 1-2 percent over the full year, compared to its previous forecast of 2-4 percent. However, Telenor raised its EBITDA margin target to around 35

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Categories: General
Companies: Telenor / Vimpelcom
Countries: Asia / Eastern Europe / Scandinavia
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