GlobeNewswire by notified

Solid mobile growth


In the second quarter, we deliver performance in line with our expectations with a 2% growth in service revenues and stable EBITDA. The headwind from copper decommissioning in Norway, high energy prices globally and expenses related to the ongoing strategic projects are compensated by positive items this quarter.

“Halfway into 2022, we see businesses and consumers increasingly wanting to protect their digital assets, driving demand for our security services in the Nordic region. I am pleased to see that Telenor continues to be an attractive partner in our customers’ digitalisation journey”, says Sigve Brekke, President and CEO of Telenor Group.

The quarter demonstrated solid mobile performance. In the Nordics, this is driven by required price adjustments to compensate for the inflationary environment, and continued demand for services on top of connectivity. Our mobile network in Norway has once again been confirmed as the fastest network in the country.

“In Asia, an important milestone was reached this quarter as we received regulatory approval for the merger between Celcom and Digi in Malaysia”, says Brekke.

Based on the performance in the first half of the year, for 2022 we expect low single digit growth in organic service revenues, organic EBITDA around 2021 level, and a capex to sales ratio of 16-17%.

KEY FIGURES TELENOR GROUP Second quarter First half year Year
NOK in million 2022 2021 2022 2021 2021
Revenues 28 036 27 158 55 046 54 675 110 241
Organic revenue growth (%) 2.2 3.5 1.4 1.4 1.2
Service revenues 21 667 21 033 42 546 42 268 84 828
Organic service revenue growth (%) 1.5 1.9 0.9 (0.7) (0.1)
EBITDA before other income and other expenses 12 501 12 353 24 161 24 562 49 162
Organic EBITDA growth (%) 0.3 3.6 (1.1) 1.4 (0.2)
EBITDA before other income and other expenses/Revenues (%) 44.6 45.5 43.9 44.9 44.6
Net income attributable to equity holders of Telenor ASA (1 113) 2 188 5 457 (1 701) 1 528
Capex excl. licences and spectrum 4 742 4 377 8 925 8 063 17 942
Total Capex 6 413 6 073 11 681 10 298 22 345
Free cash flow before M&A 930 2 126 3 366 5 117 11 015
Total Free cash flow 856 2 121 4 448 5 955 12 668
Mobile subscriptions - Change in quarter/Total (millions) 2.0 1.7 175.0 170.3 172.2

Second quarter summary*

  • Total reported revenues were NOK 28.0 billion which is an increase of NOK 0.9 billion compared to the same period last year. Service revenues increased by 1.5% on an organic basis.
  • Reported opex increased by NOK 0.3 billion. Organic opex increased by NOK 0.2 billion, positively impacted by NOK 0.4 billion relating to items in Norway and Thailand.
  • Reported EBITDA before other items was NOK 12.5 billion which is an increase of 1.2%. Organic EBITDA increased by 0.3% including NOK 0.6 billion relating to three positive items in Norway, Thailand and Other units.
  • Capex excluding licences and spectrum fees was NOK 4.7 billion, yielding a capex to sales ratio of 17%.
  • An impairment loss of NOK 2.5 billion was recognised related to Pakistan as a consequence of deteriorating macro-economic situation and adverse ruling of Supreme Court in the licence renewal case, see note 2.
  • Net income attributable to equity holders of Telenor ASA was negative NOK 1.1 billion for the quarter. Net income was impacted by currency losses of NOK 2.3 billion and the impairment related to Pakistan.
  • Total free cash flow was NOK 0.9 billion for the quarter.
  • In May, Telenor ASA paid the first tranche of the dividend for 2021 of NOK 7.0 billion or NOK 5.0 per share
  • Leverage increased to 2.2x from 1.9x at the end of the previous quarter mainly as a result of dividend payment and negative currency effects.

*Please refer to page 30 for Definitions and descriptions of Alternative Performance Measures.

Media contact:

David Fidjeland | Director, Media Relations, Telenor Group
+ 47 93 46 72 24 |

To view this piece of content from, please give your consent at the top of this page.
To view this piece of content from, 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

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

GOGL - Invitation to presentation of Q2 2022 Results17.8.2022 19:30:59 CEST | Press release

Golden Ocean Group Limited (the “Company) will publish its financial results for the second quarter of 2022 on Thursday August 25, 2022. In connection with the release, a conference call and webcast will be held as described below: Conference call and webcast A conference call will be held at 4:00 P.M. CET (10:00 A.M. New York Time) on Thursday August 25, 2022. The presentation will be available for download from the Investor Relations section at (under "Presentations") prior to the conference call/webcast. In order to listen to the presentation you may do one of the following: a. Webcast Visit the Investor Relations section of the Company’s website at and click on the link to “Financial Calendar and Webcast”, or access directly via the webcast link below. GOGL Q2 2022 Webcast b. Conference Call Participants will need to register online prior to the conference call via the link below. Dial-in details will be available when registered. GOGL Q2 2022

Changes in Nokia Corporation's own shares17.8.2022 18:30:00 CEST | Press release

Nokia Corporation Stock Exchange Release 17 August 2022 at 19:30 EEST Changes in Nokia Corporation's own shares Espoo, Finland – A total of 189 403 Nokia shares (NOKIA) held by the company were today transferred without consideration to participants of Nokia's equity-based incentive plan in accordance with the rules of the plan. The transfer is based on the resolution of the Board of Directors to issue shares held by the company to settle its commitments to participants of the plan as announced on 3 February 2022. The number of own shares held by Nokia Corporation following the transfer is 79 311 737. About Nokia At Nokia, we create technology that helps the world act together. As a trusted partner for critical networks, we are committed to innovation and technology leadership across mobile, fixed and cloud networks. We create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs. Adhering to the highest standards of integrity and security, w

Spryker Recognized as a Visionary in 2022 Magic Quadrant™ For Digital Commerce17.8.2022 18:00:00 CEST | Press release

BERLIN and NEW YORK, Aug. 17, 2022 (GLOBE NEWSWIRE) -- Spryker, a leading digital commerce platform for Sophisticated Commerce use cases in B2B, Enterprise Marketplaces, IoT and Unified Commerce, has been recognized by Gartner® as a Visionary in the 2022 Magic Quadrant™ for Digital Commerce. It is Spryker's third consecutive inclusion in the Gartner® Magic Quadrant™ for Digital Commerce. “At Spryker, our goal is to enable digital innovation and differentiation with our composable platform designed specifically for sophisticated transactional business models. We believe being recognized for the second time as a Visionary validates our continued dedication to empowering companies to grow, innovate, and differentiate,” said Boris Lokschin, Co-Founder and CEO at Spryker. “This year we launched our App Composition Platform as the latest stage in our commitment to delivering true composability. This first of its kind platform is why we feel Spryker continues to be recognized in the market. W

Nextensa NV/SA : Half-Year Financial Report 202217.8.2022 17:40:00 CEST | Press release

HALF-YEAR FINANCIAL REPORT 2022 Regulated information Brussels, 17 August 2022 5:40 PM CEST For the first half-year of the financial year 2022 we record the following key data: • The rental income increased by € 3.0 million compared to June last year and now amounts to € 33.2 million • The financial debt ratio has decreased from 48.56% at the end of 2021 to 46.31% on 30 June 2022, in line with the predefined plan • The occupancy rate increased and is now 90.30% compared to 89.09% at the end of 2021 • The extension of the Shopping center Knauf Schmiede welcomes its first shops • The Park Lane phase II project at Tour & Taxis has been launched with a successful reservation of 50% of the apartments of the first section • The construction works on The Emerald office building (7,000 m2) started on Cloche d’Or, a new urban district in the southern outskirts of Luxembourg City Attachment SEMI-AR_2022_ENG_final

Matthews International Acquires OLBRICH GmbH and R+S Automotive GmbH, Extends Engineering Capabilities for Energy17.8.2022 14:49:41 CEST | Press release

PITTSBURGH, Aug. 17, 2022 (GLOBE NEWSWIRE) -- Matthews International Corporation (NASDAQ GSM: MATW) announced today that the Company has closed on the previously-announced acquisitions of German based engineering firms, OLBRICH GmbH (“OLBRICH”) and R+S Automotive GmbH (“R+S Automotive”), for EUR €43 million (approximately U.S. $45 million). Headquartered in Bocholt, Germany, OLBRICH is a production and intelligent equipment manufacturer, specializing in purpose-built rotary processing equipment, including equipment used in the manufacturing of dry and wet electrodes for lithium-ion batteries uses in electric vehicles and components for hydrogen fuel cells and electrolyzers, with additional strong positions in Specialty & Pharma, Packaging and Home & Décor. R+S Automotive is a specialty engineering services provider of automation, plant and tooling concepts for automotive manufacturing companies around the world. The Company plans to integrate OLBRICH and R+S Automotive with its Saueres