Telenor reports fourth-quarter results 2015

"Five per cent organic revenue growth and five per cent organic EBITDA growth in 2015 shows the strength of our portfolio of operations. We are, however, entering 2016 with increased competition in some of our key markets, and it will be my key priority to secure focus on profitable growth and cost efficiency," says Sigve Brekke, Chief Executive Officer of Telenor Group.

KEY FIGURES TELENOR GROUP

(NOK in millions)	Q4 2015	Q4 2014*	2015	2014*
Revenues	33 487	30 440	128 175	111 443
Organic revenue growth (%)	2.3		4.7
EBITDA before other income/ expenses	10 860	9 318	44 197	38 496
EBITDA margin before other income/expenses (%)	32.4	30.6	34.5	34.5
Profit after taxes and non-controlling interests	(2 125)	496	3 414	9 077
Capex excl. licences and spectrum/Revenues (%)	19.5	19.0	18.4	15.6
Mobile subscriptions - Change in quarter/Total (million)	6.6	6.9	203	186

*Re-presented

HIGHLIGHTS FOR Q4 2015

Telenor reported fourth-quarter revenues of NOK 33.5 billion and organic revenue growth of 2%. EBITDA before other items grew 10% on an organic basis to NOK 10.9 billion. The EBITDA margin was 32%. Telenor added 6.6 million mobile subscribers during the fourth quarter, taking the total number of customers to 203 million. 

In Norway and Sweden, there are solid trends in the mobile consumer segment from increasing data usage and relevant offers. On the fixed side, both operations continued to grow their high-speed internet subscriber base, adding 107,000 connections during the year.