Solid momentum into the year for Telenor - Seite 2

The world's largest mobile network
The opening of the world's southernmost base station in Antarctica in February marked a historic event for Telenor. The establishment means that the Norwegian research station Troll in Antarctica has received extensive coverage in the area around the research station. 

"This base station is the world's southernmost commercial station and is operated by Telenor Svalbard, which is also responsible for operating the world's northernmost base station in Ny-Ålesund. Telenor's network thus spans from the world's northernmost to the world's southernmost base station," says Brekke.

Financial outlook for 2024:

• Low single-digit organic growth in Nordic service revenues.
• Medium single-digit organic growth in both Nordic and Group EBITDA.
• Nordic capex to sales ratio of around 17 per cent.
• Free cash flow of between NOK 9-10 billion before M&A and potential items for Group.

Key figures for Telenor Group*

	First quarter		Year
NOK in million	2024	2023	2023
Service revenues	15 773	14 823	62 567
Organic service revenue growth (%)	6 %	3 %	4 %
Total Revenues	19 457	19 187	80 452
Organic revenue growth (%)	2 %	4 %	3 %
Operating expenses	(6 704)	(6 441)	(26 832)
EBITDA before other income and other expenses	8 505	8 078	34 564
Organic EBITDA growth (%)	7 %	2 %	3 %
Operating profit	5 631	3 834	16 964
Net income from associated companies and joint ventures	7 295	(191)	(8 466)
Net income attributable to equity holders of Telenor ASA	11 560	18 146	13 734
Capex excl. lease	3 137	3 535	12 731
Free cash flow before M&A	3 288	431	9 490
Total Free cash flow	5 412	5 666	15 003
Leverage	2.2	2.1	2.2

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