GlobeNewswire by notified

Capital Markets Day: Building Telenor for the future

Share

(Fornebu, 20 September 2022) Today, at its Capital Markets Day, Telenor presents significant changes to ensure growth and reshape the company’s role as an enabler for digitalisation and sustainability. The company will become a leading telecom operator and infrastructure player in the Nordics and take leading positions in security and IoT services. In Asia, Telenor will, together with partners, build scale and take number one positions in several markets.

“The Telenor you see today is not the Telenor you will see in the future. We are taking a big step forward to ensure more value for our customers in an increasingly digital world in need of secure, stable, and sustainable solutions. We are building a smarter and more flexible Telenor – a company that creates value for customers, society, and shareholders,” says Sigve Brekke, CEO of Telenor Group.

Connectivity – essential for a sustainable future

The world has gone digital, and the adoption of technology and new digital services are accelerating at a record pace. Today, connectivity is the life blood of societies, and Telenor's technology enables more sustainable solutions as well as smarter and more efficient use of resources. The vision of empowering societies is stronger than ever.

 “We are reshaping Telenor with focus on four business areas. We are building an organisation that is competitive, with focused investments, profitable growth, and new partnerships. This strategy will create optionality and increased opportunities for value creation" says Tone Hegland Bachke, CFO of Telenor Group.

A new structure

Telenor is increasing Nordic cooperation between the four companies in the region. With more and closer cooperation comes faster development and roll-out of services to customers, new synergies and more efficient use of internal resources. The company's infrastructure is established as a separate business area to develop Telenor's assets. A newly established unit will develop and renew Telenor's portfolio of companies that are near the core of Telenor’s business.

The companies in Asia are now organised under Telenor Asia, focusing on building scale and profitable business, as well as managing risk more efficiently. The ambition is to become a leading operator in several markets, driving digitalisation and running new, innovative services for both businesses and consumers. Structural partnerships or an initial public offering are future options for Telenor Asia.

During the Capital Markets Day, Telenor’s management is presenting more details on the increased independence for Telenor Nordics and Telenor Asia, the development of the assets in Telenor and the company’s ESG ambitions.

The mid-term financial outlook for 2023-2025:

  • Low to mid-single digit growth in Nordic service revenues
  • Mid-single digit growth in Nordic EBITDA
  • Year on year growth in dividend per share

The energy price development the last couple of months makes it increasingly difficult to reach the guiding of flat EBITDA in 2022.

The event will be available on webcast from 09:00 CEST:
https://www.telenor.com/investors/reports-and-information/capital-markets-day/capital-markets-day-2022/


Media contact:

David Fidjeland, Director Media Relations, Telenor Group

+47 935 67 224 | david.fidjeland@telenor.com

To view this piece of content from www.globenewswire.com, please give your consent at the top of this page.
To view this piece of content from ml-eu.globenewswire.com, please give your consent at the top of this page.

About GlobeNewswire by notified

GlobeNewswire by notified
GlobeNewswire by notified
One Liberty Plaza - 165 Broadway
NY 10006 New York

https://notified.com

GlobeNewswire by notified is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Subscribe to releases from GlobeNewswire by notified

Subscribe to all the latest releases from GlobeNewswire by notified by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from GlobeNewswire by notified

Lytho Appoints Geert Bruinink to Lead Operations in Europe27.9.2022 10:00:00 CEST | Press release

Seasoned Executive Brings a Mix of General Management and Sales Leadership as the Company Expands Reach in Europe for its Creative Workflow and Digital Asset Management (DAM) Software AMSTERDAM, the Netherlands and RALEIGH, N.C., Sept. 27, 2022 (GLOBE NEWSWIRE) -- Lytho, a creative operations platform providing creative workflow and digital asset management (DAM) tools to brand and creative teams, today announced it has hired Geert Bruinink as its Country Manager based in The Netherlands. He will report to Lytho CEO Douglas Thede and have overall responsibility for the company’s European sales and operations. “Geert brings a proven track record of general management and sales leadership skills to Lytho as we extend our presence in Europe,” said Thede. “We’ve seen strong demand for our software because in-house creative teams have grown, and our tools reduce the natural complexity that comes with that growth. We’re thrilled to welcome Geert as a Lythonian and look forward to his contrib

Conagen unveils commercial production of high-purity non-GMO salidroside27.9.2022 10:00:00 CEST | Press release

Ideal for adaptogen supplement solutions and natural preservatives in food and beverages. Bedford, Mass., Sept. 27, 2022 (GLOBE NEWSWIRE) -- Conagen announced the commercialization of its 99% high-purity salidroside made by bioconversion technology, an active ingredient from the herbal plant Rhodiola rosea (golden root). Its strong antioxidant properties as an adaptogen are associated with reducing inflammation, protecting against oxidative stress in cells, and providing relief from depression, fatigue, and stress. Salidroside has also been used to alleviate high altitude sickness. Unlike other salidroside products currently on the market, Conagen’s salidroside is non-GMO. Conagen leveraged its industry-leading bioconversion technology to produce clean, sustainable salidroside, identical to the compound naturally found in the Rhodiola rosea plant --- the same technology used to produce non-GMO Rebaudioside M, other steviol glycosides, and bitter blockers for sugar reduction solutions w

SATO announces new Sustainability Programme spearheaded by sustainable housing and wellbeing in communities27.9.2022 10:00:00 CEST | Press release

SATO Corporation Press release 27 September 2022 at 11:00 am SATO, one of Finland’s largest rental housing providers, has released its new Sustainability Programme for 2023–2026.The programme is themed on sustainable housing, wellbeing in communities and sustainable profitability. SATO is one of Finland’s biggest rental housing providers, holding around 25,000 rental homes occupied by some 50,000 residents. SATO’s new Sustainability Programme, the second of its kind, builds on three pillars: environmental, social as well as economic sustainability and sustainable governance. “Last year, we made sustainability one of the three cornerstones of our strategy. Sustainability is a key component in our long-term value generation for our various stakeholders. It is about concrete actions that can be seen in everything we do. We aim to be a forerunner in sustainable rental housing,” says Susanna Kari Gonzaléz, Sustainability Manager at SATO. SATO’s sustainable operating principles lay the found

Duck Creek Technologies Focuses on Enhancing Distribution Channels and Speed to Market for Insurers with UK / EMEA Expansion of Duck Creek Producer27.9.2022 09:30:00 CEST | Press release

London, Sept. 27, 2022 (GLOBE NEWSWIRE) -- Duck Creek Technologies (NASDAQ: DCT), the intelligent solutions provider defining the future of property and casualty (P&C) insurance, is pleased to announce today the international expansion of Duck Creek Producer, a cutting-edge platform for enhancing the relationships between insurers and brokers and accelerating speed-to-market for distributing new products. Duck Creek Producer was launched in the US in 2020 and has been gaining strong traction, including a recent implementation for Arbella Insurance Group, a North American underwriter of personal and commercial lines insurance products. Duck Creek Producer’s functionality has now been extended globally, with the UK / EMEA markets a key growth area. Duck Creek Producer enables insurers to maximise operational efficiency by delivering genuinely valuable and satisfying portal experiences that result in more productive and loyal agents, brokers and other intermediaries. Incorporating extensi

Hexagon Ragasco, the world’s leading manufacturer of composite LPG cylinders, awarded new Environmental Product Declaration27.9.2022 09:00:00 CEST | Press release

Hexagon Ragasco, a Hexagon company and world leading manufacturer of LPG composite cylinders – was awarded a new Environmental Product Declaration (EPD) from EPD-Norway covering the entire lifetime of their cylinders from cradle to grave. Hexagon Ragasco’s cylinders are produced at the company’s fully automated manufacturing plant in Raufoss, Norway. During the past 22 years, Hexagon Ragasco has sold over 20 million cylinders to close to 100 countries. Value of an Environmental Product Declaration (EPD) An EPD discloses a product’s life cycle environmental impact and helps users to identify sustainable products. Both the underlying Life-Cycle Assessment (LCA) and the EPD are based upon international standards. Furthermore, it contains quantified information that enables comparison between products from the same product category and declares its environmental footprint towards predetermined environmental factors; one being the product’s carbon footprint. Hexagon Ragasco’s first EPD cove