Strong performance in a challenging year
(Fornebu, 2 February 2021) «The year 2020 was marked by the global pandemic. In this unprecedented situation, Telenor accelerated the digitalization, managed to safeguard employees and maintained critical connectivity to customers. For the full year, Telenor delivered an organic EBITDA growth of 2 percent and a solid free cash flow of NOK 21 billion.
In the fourth quarter, we continue to deliver a strong performance in the Nordics. In Norway growth in mobile and new fixed services more than offset a shortfall of roaming and copper legacy revenues. In Finland revenue and EBITDA are growing as a result of our customers’ demand for higher data speeds, including our new 5G offerings. In Asia, pressure on the top line remains due to intense competition and impact from the pandemic, in particular in Thailand and Malaysia. For the Group, subscription and traffic revenues decreased by 3 percent, however our flexibility to manage cost and investments levels resulted in stable EBITDA and improved cash flow.
Entering 2021, we will maintain focus on our strategic priorities; growth, modernisation and responsible business. In the coming months, all our markets and especially our Asian subsidiaries will still be impacted by the spread of COVID-19 and government responsive measures. For the full year 2021, we expect organic subscription and traffic revenues and Ebitda to remain around 2020 level. We foresee a capex to sales ratio of 15-16% percent. Based on 2020 performance, the Board of Directors propose a dividend of NOK 9.00 per share in line with our dividend policy.»
Sigve Brekke, President and CEO, Telenor Group
KEY FIGURES TELENOR GROUP | Fourth quarter | Year | ||
NOK in million | 2020 | 2019 | 2020 | 2019 |
Revenues | 30,949 | 31,737 | 122,811 | 113,666 |
Organic revenue growth (%) | -3.9 | 2.8 | -2.3 | 1.2 |
Subscription and traffic revenues | 22,916 | 23,363 | 93,439 | 85,954 |
Organic subscription and traffic revenue growth (%) | -3.4 | 1.8 | -1.9 | 0.4 |
EBITDA before other income and other expenses | 13,512 | 13,397 | 56,520 | 50,735 |
Organic EBITDA growth (%) | -0.2 | 4.6 | 1.7 | -2.7 |
EBITDA before other income and other expenses/Revenues (%) | 43.7 | 42.2 | 46.0 | 44.6 |
Net income attributable to equity holders of Telenor ASA | 7,689 | 1,774 | 17,341 | 7,773 |
Capex excl. licences and spectrum | 5,787 | 5,574 | 16,351 | 17,415 |
Total Capex | 10,389 | 6,194 | 21,440 | 18,075 |
Free cash flow before M&A | 1,988 | 547 | 12,542 | 3,831 |
Total Free cash flow | 9,130 | -8,742 | 20,855 | -18,998 |
Mobile subscriptions - Change in quarter/Total (mill.) | 1.5 | 2.6 | 181.8 | 186.0 |
Lesen Sie auch
Fourth quarter 2020 summary1