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Telenor Q4 core profit in line with expectations
Global Banking and Finance Review
Company
OSLO (Reuters) -Norwegian telecoms operator Telenor on Wednesday reported fourth-quarter core operating earnings in line with expectations and said it expected low single-digit organic sales growth in Nordic service revenues in 2024.
OSLO (Reuters) -Norwegian telecoms operator Telenor on Wednesday reported fourth-quarter core operating earnings in line with expectations and said it expected low single-digit organic sales growth in Nordic service revenues in 2024.
Adjusted earnings before interest, tax, depreciation and amortisation for October-December rose to 8.5 billion crowns ($804.41 million) from 8.0 billion a year earlier, while analysts in a company-provided poll on average had expected 8.6 billion.
Telenor proposed a dividend of 9.50 crowns per share for 2023, up from 9.40 crowns for 2022.
In 2024, and for its core Nordic markets, the company said for the first time it expected low single-digit organic growth in service revenues, mid-single digit organic growth in EBITDA and a capital-expenditure-to-sales ratio of around 17%.
The Norwegian group in December announced the planned sale of its Pakistan unit for 5.3 billion crowns.
On Monday Telenor said it would book an 8.04 billion crown non-cash impairment related to its stake in True Corp after the share price of the Thai company had fallen.
($1 = 10.5667 Norwegian crowns)
(Reporting by Gwladys Fouche; Editing by Anna Ringstrom and Michael Perry)
Core operating earnings refer to a company's profits derived from its primary business operations, excluding any income from non-operational activities such as investments or sales of assets.
EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a financial metric used to evaluate a company's operating performance by focusing on earnings from core business activities.
A dividend is a portion of a company's earnings distributed to shareholders, typically in cash or additional shares. It reflects the company's profitability and is often paid on a regular basis.
Organic growth refers to the increase in a company's revenue generated from its existing operations, excluding any revenue from acquisitions or mergers. It indicates the company's ability to grow its business naturally.
Capital expenditure (CapEx) is the funds used by a company to acquire, upgrade, and maintain physical assets such as property, buildings, or equipment. It is essential for long-term growth and operational efficiency.
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