Telenor raises full-year outlook as Q3 earnings beat expectations (updated)

Telenor ASA

30/10/2024 06:22

(Adds details from paragraph 2-4)
       Oct 30 (Reuters) - Norwegian telecom operator Telenor
 TEL.OL  raised its full-year outlook after it reported
third-quarter earnings slightly more than market expectations on
Wednesday.
    The company said in a statement its earnings before
interest, tax, depreciation and amortisation (EBITDA) before
other items rose to 9.21 billion crowns ($840.08 million) in the
July to September quarter, from 9.25 billion a year earlier. 
     That was slightly above analysts' expectations in a
consensus poll provided by the company.
    It now expects 3%-4% organic growth in Nordic service
revenues, up from low-to-mid single digits earlier, around 6%
Nordic EBITDA growth from mid-single-digit earlier, and free
cash flow of NOK 9.5-10 billion from the previous NOK 9-10
billion.
    


($1 = 10.9632 Norwegian crowns)


($1 = 10.9607 Norwegian crowns)

 (By Jesus Calero; Editing by Mrigank Dhaniwala)
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