Telenor ASA (STU:TEQ)
€ 10.82 -0.06 (-0.55%) Market Cap: 14.78 Bil Enterprise Value: 22.12 Bil PE Ratio: 18.32 PB Ratio: 2.37 GF Score: 71/100
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Q1 2021 Telenor ASA Earnings Call Transcript

May 04, 2021 / 07:00AM GMT
Release Date Price: €17.68
Sigve Brekke
Telenor ASA - President & CEO

Good morning to everyone, and welcome to the first quarter presentation.

I'm pleased to see that the modernization of Telenor that we have done the last years has created a solid platform to handle the uncertainties we saw last year and also see coming into this year. Because of this, we see a strong achievement also in the current environment. We are delivering 5 million new subscribers in Pakistan, Myanmar and Bangladesh. And we have continued with full force our modernization program, yielding an OpEx reduction of 7% in this quarter and had strong cash flow of NOK 3.8 billion, on the same level as we saw in the first quarter last year.

We see good development across all our business units, except for Myanmar. And this quarter, I would especially highlight the Nordic operations that continues to be robust with a strong EBITDA growth in especially Finland and in Denmark.

Before I go into the quarter, I have to give some comments on Myanmar. We see an irregular, uncertain and deeply concerning situation. We are strongly

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