Telenor at over 5 yrs high after Q2 beat, outlook hike

Telenor ASA

18/07/2025 08:19

** Shares in Telenor TEL.OL rise around 3% to their highest price since February 2020 after the Norwegian telecoms operator hiked its full-year earnings outlook and beat quarterly earnings expectations

** Its Q2 adjusted EBITDA was 9.32 billion Norwegian crowns ($907.89 million)against a company-compiled consensus of 8.91 billion crowns

** Telenor hiked its Nordic full-year adjusted EBITDA outlook to high single-digit organic growth from a previous mid single-digit forecast

** For the group in 2025, it expects mid single-digit organic growth in adjusted EBITDA, up from a previous low-to-mid single-digit forecast

** J.P.Morgan says the hike will likely lead to "material" EBITDA estimates increases

** If gains hold, the stock will see its best day since October 2024

($1 = 10.2656 Norwegian crowns)

 (Reporting by Elviira Luoma)

 ((Elviira.luoma@thomsonreuters.com))