Our performance during the first quarter reflects a promising start to the year. We reported all-time high revenues and strong organic sales growth of 8 per cent. EBITDA grew by 5 per cent organically despite start-up costs in Myanmar and continued high handset sales. We added 5.9 million mobile customers during the period and more than one third of our total 190 million subscribers are now active internet users,'' said Jon Fredrik Baksaas, President and CEO of Telenor Group.
In Norway, we continue to invest in fixed and mobile network infrastructure to meet our customers' high demands and expectations for data capacity as well as premium network coverage. Combined with user-friendly services and good execution, this has enabled us to capture data growth and increase revenues. Telenor Norway delivered once again solid results, with revenue growth of 6 per cent in the period. This was supported by mobile data consumption that more than doubled over the last year and stronger demand for high-speed fixed internet,'' said Baksaas.
The turnaround plan in Thailand continues with some early signs of improvement. dtac continues to implement its cluster-based business model and strengthen its network position. dtac plans to accelerate its investment in 3G and 4G network coverage aiming to take a strong market position. Still, the company is facing intense competition with heavy handset subsidies in the prepaid customer segment,'' said Baksaas.
In Myanmar, we continue to face strong demand and reported positive EBITDA only a few months after service launch. We expanded into new areas during the first quarter, added 3 million customers and brought the total number of network sites to more than 1,700. In the coming quarters, we plan to ramp up network investments to cater for the strong demand for digital services in this connectivity hungry nation. While we are encouraged by the promising start in Myanmar, it is has to be noted that it is still early days,'' said Baksaas.
Telenor is committed to operate responsibly in all aspects of our business. We focus on sustainable initiatives that create long-term shared value for Telenor, our customers and society at large. Sound corporate governance, including the implementation and realisation of a solid compliance system in all our operations, is critical to Telenor's business integrity and to maintaining confidence in our brand and company,'' said Baksaas.
An encouraging start to the year makes us confident that Telenor will see another good year in which more customers will benefit from mobile internet access and quality services. We are raising our organic revenue growth expectations to 5-7%, combined with a stronger EBITDA margin of 34-36%. The expected capex to sales ratio is now seen at 17-19% reflecting higher investments in Thailand and Myanmar in addition to the recently launched satellite, said Baksaas.
Key figures The table below contains key figures for the first quarter, compared to the previous year.
1Q 1Q Year
(NOK in millions except earnings per share) 2015 2014 2014
Revenues 30 210 25 319 106 540
EBITDA before other income and other expenses 10 587 9 074 37 681
EBITDA margin before other income and other expenses (%) 35.0 35.8 35.4
Adjusted operating profit[1] 6 608 5 570 22 926
Adjusted operating profit/Revenues (%) 21.9 22.0 21.5
Profit after taxes and non-controlling interests 4 053 3 676 9 077
Earnings per share from total operations, basic, in NOK 2,70 2,43 6,03
Capex 4 588 6 451 22 527
Capex excl. licences and spectrum 4 523 3 550 16 870
Capex excl. licences and spectrum/Revenues (%) 15.0 14.0 15.8
Operating cash flow [2] 6 063 5 524 20 811
Equity ratio including non-controlling interests (%) 37.0 43.5 35.4
Net interest-bearing liabilities [3] 44 348 37 237 47 126
1) Adjusted operating profit is defined as Operating profit less other income and other expenses and impairment losses.
2) Operating cash flow is defined as EBITDA before other income and other expenses Capex, excluding licences and spectrum.
3) Net interest-bearing liabilities are defined as net interest-bearing debt excluding net present value of licence liabilities.
Media Contact: Meera Bhatia, Tel: (+47) 4684 4959, E-mail: meera.bhatia@telenor.com
Press and analyst conference In connection with the publication of the financial results, a press and analyst conference will be held on Wednesday 6 May at 09:00 hrs Norwegian time/CET. The presentation, which will also be broadcast live over the Internet, will be held in Auditorium Voice, Telenor Expo Visitor Centre at Fornebu near Oslo. CEO Jon Fredrik Baksaas and CFO Richard Olav Aa will present the results. The presentation will be held in English.
Internet and mobile broadcast The press and analysts conference will be broadcast live over the Internet, and will also be available as a recording after the conference. The live service also allows for written questions to be submitted. In addition, the conference will be available live and as a recording on mobile phones - for access, SMS expo to 2440 or (+47) 2440 from abroad.
Conference Call and Q&A You may also call in and listen to the presentation over the phone. This service allows you to ask questions at 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 23162729 and state the confirmation code: 7609201
Material The quarterly report and English versions of the presentations will be made available here
http://www.telenor.com/investors/reports/2015/telenors-results-for-the-1st-quarter-2015/
Most recent headlines
04/08/2024
Dalet, a leading technology and service provider for media-rich organizations, is excited to announce Santiago Solanas as its new Chief Executive Officer (CEO)....
03/06/2024
Dalet, a leading technology and service provider for media-rich organizations, a...
28/04/2024
Mediahaus delivers the first SRT live-streaming sports production over 5G with U...
25/04/2024
Sundance Institute Founder Robert Redford during a press conference at the 1996 ...
25/04/2024
alt= class=wp-image-12361 data-lazy-src=/wp-content/uploads/2024/04/NAB-booth-2024-960x540-1.jpg/> Set against a vibrant backdrop of innovation and collaboratio...
25/04/2024
alt= class=wp-image-12356 data-lazy-src=/wp-content/uploads/2024/04/NAB-mod-win-960x540-1.jpg/>NAB's Eric Trabb (right) awards SNS with two NAB Show Product...
25/04/2024
PHILADELPHIA Comcast beat earnings estimates in its Q1 2024 financial report, as streaming losses continued to decline and Peacock's paid subscribers spiked...
25/04/2024
SEATTLE The Seattle Kraken have inked new multi-year agreements with Tegna and Prime Video that will expand access to their games over broadcast stations and st...
25/04/2024
M2A Medias Matt Hughes asks, is it time for news broadcasting to shift to the cloud?
By Contributor
Published: April 25, 2024
M2A Media's Matt Hughes ...
25/04/2024
Cintel Scanner G3 HDR Restores Egypt's Cinema Treasures to Their Former Glo...
25/04/2024
Sinclair Broadcast Group said it named Kevin Coskren chief meteorologist at KTUL, its ABC affiliate in Tulsa, Oklahoma....
25/04/2024
The Business of TV News, a new one-day event featuring Martha Raddatz, Shannon Bream, Glenn Kirschner and other major figures in television news, happens at Hot...
25/04/2024
Conditions put on the proposed sale of WADL Detroit, to Mission Broadcasting have created a potential drama in the Motor City....
25/04/2024
TelevisaUnivision reported a $52 million loss in the first quarter, up from $3 m...
25/04/2024
Comcast reported flat first-quarter earnings as it reduced the red ink at Peacock but continued to lose video and broadband customers....
25/04/2024
Music-video network Vevo said it launched its app on Telly, the company offering consumers free dual-screen TVs in return for data about what they're watchi...
25/04/2024
Future Today said it has introduced a redesigned user interface for about half of its 300 streaming apps, including Fawesome, HappyKids and iFood.TV....
25/04/2024
The writer and director of a hit Czech series tell Robert Shepherd about their approach to portraying real-life Pakistani kidnappings on the small screen, while...
25/04/2024
Notorious DIT will work with the Liverpool Film Office to increase opportunities for regional talent
By Matthew Corrigan
Published: April 25, 2024
Notorio...
25/04/2024
Broadpeak , a leading provider of content delivery network (CDN) and video streaming solutions for content providers and pay-TV operators worldwide, announced t...
25/04/2024
Lightware Visual Engineering, a leading manufacturer of connectivity solutions for the professional integrated systems market and a pioneer in signal management...
25/04/2024
Net Insight has entered into a collaboration with DMC Production that positions Net Insight at the forefront of sports broadcasting in the Nordics. Net Insight ...
25/04/2024
GlobalM has announced a strategic partnership with scoopa, the specialists in broadcast-quality content distribution, offering a complementary service for live ...
25/04/2024
PlayBox Neo announces the completion of a new multichannel playout system for the DDish direct-to-home satellite television network in Mongolia. Based in the na...
25/04/2024
Canadian music producer and engineer Garth Richardson also known as Gggarth due to his stutter - has embraced immersive audio by installing a PMC monitoring s...
25/04/2024
Leading video software provider Synamedia today announced that Televisa, the Mexican telecommunications and broadcasting company, has chosen Synamedia as its pa...
25/04/2024
OTTera, a leading provider of end-to-end OTT and FAST channel solutions, proudly announces its strategic partnership with ThinkAnalytics, a global leader in adv...
25/04/2024
The American Tobacco Campus will be hopping with activity tonight and this weekend with two fun events!
Durham Night Market
At last! The Durham Night Market i...
25/04/2024
WEST CHESTER, Pa. Video commerce provider Qurate Retail Group has launched The Big Dish, a new culinary-themed FAST channel on The Roku Channel....
25/04/2024
LOS ANGELES The Hollywood Professional Association has announced that submissions for the 2024 HPA Engineering Excellence Awards are now being accepted. This re...
25/04/2024
NEW YORK The digital media measurement and analytics firm DoubleVerify has announced that it has received Media Rating Council (MRC) accreditation for Video Vie...
25/04/2024
SAN FRANCISCO Fox Corp.'s ad-supported streaming service Tubi has announced a licensing agreement with the sports platform DAZN that will see DAZN Ringside ...
25/04/2024
NEW YORK In the runup to the 2024 IAB NewFronts, the IAB has announced three key appointments to its leadership team....
25/04/2024
Epic Games releases Unreal Engine 5.4 with new Motion Design Mode, Unreal VCam f...
25/04/2024
Content Creation, Production, Distribution Is In a State of Flux
Andy Marken April 24, 2024
0 Comments
My empathy is creeping towards what I would de...
25/04/2024
The Carolina Panthers and Capitol Broadcasting Company (CBC) announced they have...
25/04/2024
Berklee Student Riko Sasaski Named 2024 Yamaha Young Performing Artist The accomplished saxophonist secured a spot among the elite winners of this year's ...
25/04/2024
Stations everywhere take pride in having a main anchor who comes from the market they represent. That applies in St. Louis, too, but it also pertains to general...
25/04/2024
Edward Moody is joining the WBTW Myrtle Beach, South Carolina, anchor crew, and will anchor the 5, 6 and 11 p.m. newscasts alongside Trish Williford. He comes f...
25/04/2024
MTV said the 2024 Video Music Awards will return to New York and take place at the new UBS Arena....
25/04/2024
Season three of comedy The Outlaws premieres on Prime Video May 31. Stephen Merchant co-created the show, and stars. There are five episodes....
25/04/2024
The E.W. Scripps Co. is evaluating offers for Bounce, its multicast channel for African-American viewers, according to a report from CNBC....
25/04/2024
Paramount Plus has ordered a second season for Dora, the animated preschool show based on Dora the Explorer. The show, featuring Dora on a rainforest adventure ...
25/04/2024
Bayanat AI PLC (ADX: BAYANAT), a leading AI-powered geospatial solutions provider, and Al Yah Satellite Communications Company P.J.S.C. (ADX: YAHSAT), the UAE&#...
25/04/2024
April 25th, 2024 Press Materials Available Here
TRIBECA FESTIVAL 2024 ANNOUNCES AUDIO STORYTELLING AND GAMES LINEUP
Audio Storytelling Program Features 10th ...
25/04/2024
NFL Draft 2024: Verizon Expands Broadband Capacity To Handle the Spike in Demand Mobile cells will help accommodate first responders, social media, sports betti...
25/04/2024
NFL Draft 2024: NFL Media Teams With The Fantasy Footballers on Hybrid, REMI Pro...
25/04/2024
NFL Draft 2024: ESPN Motors Into Detroit With Trio of Simultaneous Live Presenta...
25/04/2024
Published On: April 25th, 2024
data-orig-src=https://www.sgo.es/wp-content/upl...
Our performance during the first quarter reflects a promising start to the year. We reported all-time high revenues and strong organic sales growth of 8 per cent. EBITDA grew by 5 per cent organically despite start-up costs in Myanmar and continued high handset sales. We added 5.9 million mobile customers during the period and more than one third of our total 190 million subscribers are now active internet users,'' said Jon Fredrik Baksaas, President and CEO of Telenor Group.
