Steady Q1 performance
Telenor reported Q1 service revenue of NOK 14.8 billion, up 1.6% year-over-year, with adjusted EBITDA growing 3.1% organically to NOK 8.0 billion. Total free cash flow surged to NOK 31.9 billion, driven by the NOK 30 billion net consideration from selling the first 25% tranche of its stake in True.
Key figures
- Revenue
- NOK 14.8 billion
- Guidance
- Nordic service revenues: low single-digit growth; Nordic adj EBITDA: low-to-mid single-digit growth; Group adj EBITDA: flat-to-low single-digit growth; FCF before M&A: NOK 10-11 billion
- Revenue Yoy
- 1.6%
- Adjusted EBITDA
- NOK 8.0 billion
- Buyback programme
- NOK 15 billion
- Total Free Cash Flow
- NOK 31.9 billion
- Adjusted EBITDA Yoy
- 3.1%
- Divestment proceeds
- NOK 30 billion
- Free Cash Flow Before MA
- NOK 2.1 billion
AI analysis
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