Latest news with #BenedicteSchilbredFasmer
Yahoo
07-05-2025
- Business
- Yahoo
Telenor ASA (TELNF) Q1 2025 Earnings Call Highlights: Strong Nordic Growth Amidst Global Challenges
Q : Why did Telenor decide to stick with mid-single-digit guidance for Nordic EBITDA growth despite strong Q1 performance? A : Benedicte Schilbred Fasmer, Group CEO, explained that it's still early in the year, and there are fluctuations expected throughout the year. The company remains confident in its mid-single-digit guidance and will adjust as necessary as the year progresses. Torbjorn Wist, EVP & CFO, added that the cost allocation between Nordic and other categories contributed to the decision, with some costs reallocated to headquarters and other areas. Telenor experienced higher churn in Norway and Finland, with increased competition in the B2B market and a decline in fixed broadband subscribers. The company is expanding its AI factory to meet the growing demand for sovereign and secure AI solutions, with plans to scale further. Telenor's Nordic mobile networks were recognized as the best in the region by OpenSignal, and Ookla awarded Telenor Norway as the fastest mobile and 5G network. The company achieved a 5.8% EBITDA growth in the Nordics, driven by a 3.9% increase in mobile service revenue and a 1% decline in OpEx. For the complete transcript of the earnings call, please refer to the full earnings call transcript . Story continues Q: Can you elaborate on the potential for consolidation in the Nordic telecom market? A: Benedicte Schilbred Fasmer, Group CEO, stated that the European telecom market has over 100 players, and there is a need for scale, especially with the need for larger investments in networks. Telenor sees opportunities for in-market consolidation, particularly in Denmark and Sweden, and believes there might be a more positive climate for such mergers now. Q: What is driving the weaker KPIs in Norway and Finland, and what is the strategy to address this? A: Benedicte Schilbred Fasmer, Group CEO, noted that there was higher churn in Norway due to back book changes, and competition in Denmark and Finland has intensified. The company has implemented back book price changes and included a wider array of services, which has resulted in a slight downturn in subscriber numbers but maintained a strong top line. Q: Could you provide more insight into the defense contracts and their potential impact on service revenue? A: Benedicte Schilbred Fasmer, Group CEO, mentioned that while it's early days, the defense contracts, particularly in Finland, are currently small. However, Telenor has significant relationships with armed forces, especially in Norway, and sees potential for increased activity and opportunities in this area. Q: How does Telenor plan to improve performance in Celcom Digi, and what steps can be taken as a joint venture partner? A: Benedicte Schilbred Fasmer, Group CEO, explained that Telenor supports Celcom Digi through board seats and operational roles to help improve performance. The company is taking measures to enhance both top-line and cost-side performance, with the merger plan and synergies remaining on track. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Business Recorder
06-05-2025
- Business
- Business Recorder
Norway's Telenor lags first-quarter core earnings expectations
Norwegian telecom operator Telenor reported first-quarter earnings slightly below analysts' expectations on Tuesday but said it had continued to grow service revenues above inflation on an organic basis in the Nordics. Telenor's earnings before interest, tax, depreciation and amortisation (EBITDA) before other items rose to 8.64 billion Norwegian crowns ($832.82 million) in the January-March quarter, from 8.51 billion a year earlier. Telenor's and Orion's acquisition: CCP decision delay threatens pact, PTCL chief says Analysts, on average, had expected 8.67 billion crowns in a company-compiled poll. 'In Asia, we were encouraged by Grameenphone's quarter-on-quarter improvement, although it is premature to determine if this represents a trend,' CEO Benedicte Schilbred Fasmer said in a statement.
Reuters
06-02-2025
- Business
- Reuters
Telenor sees low single-digit growth in 2025 Nordic service revenues
Feb 6 (Reuters) - Norwegian telecom operator Telenor ( opens new tab reported fourth-quarter core operating earnings in line with estimates on Thursday and forecast low single-digit organic growth in Nordic service revenues in 2025. The company also said it expects mid-single-digit organic growth in earnings before interest, taxes, depreciation and amortization (EBITDA) in the Nordic region for 2025, and low-to-mid single-digit organic growth in the group's EBITDA, which analysts at say is anticipated to be "more back-end loaded." In the Nordics, organic service revenues grew by 2.3% in the October-December quarter, driven by a 3.3% increase in mobile service revenues, Telenor said in a statement. Shares in Telenor were up around 1.4% by 1039 GMT. "Our financial ambitions and new outlook are not without risks, but our line of sight has improved considerably and we are confident in our ability to meet our 2025 outlook," Telenor CEO Benedicte Schilbred Fasmer said. The company said in Asia, its performance was hampered by the macro-economic situation in Bangladesh as well as a number of one-offs but that Telenor Pakistan showed strong performance. Adjusted earnings before interest, taxes, depreciation and amortization, and other items was at 8.48 billion Norwegian crowns ($753.95 million) in the reported quarter, slightly higher than 8.47 billion crowns a year earlier. Analysts had on average expected an adjusted EBITDA of 8.49 billion crowns in a company-provided poll. Telenor proposed a dividend of 9.60 crowns per share for 2024, compared with 9.50 crowns in 2023. ($1 = 11.2475 Norwegian crowns)
Yahoo
06-02-2025
- Business
- Yahoo
Telenor sees low single-digit growth in 2025 Nordic service revenues
(Reuters) -Norwegian telecom operator Telenor reported fourth-quarter core operating earnings in line with estimates on Thursday and forecast low single-digit organic growth in Nordic service revenues in 2025. The company also said it expects mid-single-digit organic growth in earnings before interest, taxes, depreciation and amortization (EBITDA) in the Nordic region for 2025, and low-to-mid single-digit organic growth in the group's EBITDA. In the Nordics, organic service revenues grew by 2.3% in the October-December quarter, driven by a 3.3% increase in mobile service revenues, Telenor said in a statement. "Our financial ambitions and new outlook are not without risks, but our line of sight has improved considerably and we are confident in our ability to meet our 2025 outlook," Telenor CEO Benedicte Schilbred Fasmer said. The company said in Asia, its performance was hampered by the macro-economic situation in Bangladesh as well as a number of one-offs but that Telenor Pakistan showed strong performance. Adjusted earnings before interest, taxes, depreciation and amortization, and other items was at 8.48 billion Norwegian crowns ($753.95 million) in the reported quarter, slightly higher than 8.47 billion crowns a year earlier. Analysts had on average expected an adjusted EBITDA of 8.49 billion crowns in a company-provided poll. Telenor proposed a dividend of 9.60 crowns per share for 2024, compared with 9.50 crowns in 2023. ($1 = 11.2475 Norwegian crowns) Sign in to access your portfolio
