Telenor Group's subsidiary in Malaysia, Digi, has today reported its second quarter 2018 results. Telenor's consolidated figures in NOK million are as follows:
Q2 18 Q2 17
Revenues 3,217 3,049
EBITDA before other items 1,515 1,408
EBITDA 1,435 1,408
Operating profit 1,064 1,027
Capex (excl. spectrum) 298 455
During the quarter, the total number of subscriptions decreased by 98,000 to 11.659 million. EBITDA in local currency increased by 10% adjusted for one-time items in Q2 2017.
Outlook 2018 (revised)
- Service revenue growth: Flat vs 2017 (previously "flat to low single digit decline")
- EBITDA margin 46-47% (previously "EBITDA around 2017 level")
- Capex: 10-12 % of service revenues (maintained)