Telenor ASA

TEL

Equity

ISIN NO0010063308 / Valor 1160189

Oslo Stock Exchange (2025-03-12)

NOK 145.70-0.82%

Telenor ASA
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About company

Telenor ASA is a prominent telecommunications company with a significant presence in the Nordics and Asia, boasting 158 million subscribers and generating annual sales of approximately NOK 99 billion as of 2022. With a history spanning over 165 years, Telenor has established itself as a key player in the industry, focusing on connecting customers to essential services and information. The company is publicly traded on the Oslo Stock Exchange under the ticker symbol TEL. Telenor's operations encompass a wide range of telecommunications services, including but not limited to, mobile and fixed telephony, broadband, and TV services, catering to both consumer and business markets. The company emphasizes the importance of responsible business conduct and has implemented governing principles aimed at ensuring long-term value creation for shareholders and stakeholders alike, by advancing connectivity and safeguarding people and data.

Summarized from source with an LLMView SourceSector: Telecommunications

Service Revenue Growth

In the fourth quarter of 2023, Telenor ASA reported service revenues of NOK 16.1 billion, marking a 7% increase compared to the same period in the previous year. The organic growth in service revenues was 4.9%, reflecting a strong performance in the company's core operations.

EBITDA and Net Income

Telenor ASA's EBITDA before other items for the fourth quarter of 2023 was NOK 8.5 billion, showing a 3.9% increase on an organic basis. However, the net income attributable to equity holders was negative, amounting to NOK 7.7 billion, primarily due to an impairment of NOK 8.0 billion related to the drop in True's share price.

Full Year Financial Performance

For the full year 2023, Telenor ASA achieved service revenues of NOK 62.5 billion and an EBITDA before other items of NOK 34.6 billion, with organic growth rates of 4.0% and 2.8%, respectively. The net income attributable to equity holders for the year was NOK 13.7 billion, indicating a solid financial performance overall.

Free Cash Flow and Dividends

Telenor ASA reported a total free cash flow of NOK 15.0 billion for the full year 2023, with free cash flow before M&A activities at NOK 9.4 billion. The company paid a total ordinary dividend of NOK 9.40 per share for 2022, amounting to NOK 13.0 billion, and proposed a dividend of NOK 9.50 per share for 2023.

Strategic Transactions and Outlook

In 2023, Telenor ASA made significant strategic moves, including the sale of Telenor Satellite and the agreement to sell Telenor Pakistan. The company remains focused on executing its strategy and has set a positive outlook for 2024, with expectations of flat operating expenses in the Nordics and continued nominal dividend increases.

Summarized from source with an LLMView Source

Key figures

29.5%1Y

12.4%3Y

4.63%5Y

Performance

17.2%1Y

19.6%3Y

20.6%5Y

Volatility