Telenor slumps after FY outlook cut

Telenor ASA

28/04/2026 08:31

** Shares in Telenor TEL.OL fall 8% after the Norwegian telecom group trimmed its full-year outlook and its Q1 core profit missed expectations

** Telenor reported an adjusted EBITDA of NOK 8,046 million  ($864.00 million) against the average estimate of NOK 8,250 million in a company-compiled poll

** It lowered its core profit outlook for 2026 due to top-line headwinds in Finland and Bangladesh

** Telenor now expects low-to-mid-single-digit organic growth in adjusted EBITDA in the Nordics for the year (changed from mid-single-digit), and flat-to-low-single-digit organic growth in adjusted EBITDA (changed from low-to-mid-single-digit) for the group

** If losses hold, Telenor shares are on track for their biggest one-day drop since May 2012

($1 = 9.3125 Norwegian crowns)

 (Reporting by Elviira Luoma)

 ((Elviira.luoma@thomsonreuters.com))