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TELENOR ASA

(TEL)
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Real-time Quote. Real-time Oslo Bors - 05/07 10:25:03 am
146.6 NOK   +0.65%
05/06TELENOR  : Notice for Annual General Meeting 2021
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05/06Marubeni CEO 'deeply concerned' but not giving up on Myanmar
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05/04Global markets live: Verizon, Pandora, HelloFresh...
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Telenor Swings to 1Q Net Loss After Impairing Myanmar Operations

05/04/2021 | 01:51am EDT

By Dominic Chopping

Norwegian telecom provider Telenor ASA on Tuesday said it swung to a first-quarter net loss after fully impairing the value of its Myanmar operations following a military coup in the country earlier this year.

"Due to the worsening of economic and business environment outlook and a deteriorating security and human rights situation, we see limited prospects of improvement going forward," said Chief Executive Sigve Brekke.

"Based on this, we have fully impaired Telenor Myanmar with an amount of 6.5 billion Norwegian kroner [$784.9 million] in the quarter."

Telenor posted first-quarter adjusted earnings before interest, tax, depreciation and amortization of NOK13.02 billion, down from NOK14.11 billion a year earlier and just shy of the NOK13.1 billion expected in a FactSet poll.

The company swung to a net loss attributable to shareholders of NOK3.89 billion, from a profit of NOK698 million last year, as revenue fell 6.7% to NOK28.87 billion.

Analysts polled by FactSet had expected net profit of NOK2.86 billion and revenue of NOK28.89 billion.

The first-quarter mobile subscription base grew by 5 million compared with the fourth quarter, to 186.8 million.

For 2021, Telenor still expects organic subscription and traffic revenues and Ebitda to remain around 2020 levels, with a capex-to-sales ratio of 15%-16%, excluding Myanmar.

Write to Dominic Chopping at dominic.chopping@wsj.com

(END) Dow Jones Newswires

05-04-21 0150ET

All news about TELENOR ASA
05/06TELENOR  : Notice for Annual General Meeting 2021
AQ
05/06Marubeni CEO 'deeply concerned' but not giving up on Myanmar
RE
05/04Global markets live: Verizon, Pandora, HelloFresh...
05/04TELENOR  : Writes Off Myanmar Operations Amid Military Coup
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05/04Telenor Swings to 1Q Net Loss After Impairing Myanmar Operations
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05/04TELENOR  : reports first quarter 2021 results
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05/04TELENOR  : Steady performance in the first quarter
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05/04TELENOR ASA  : 1st quarter results
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05/02YOMA STRATEGIC  : Says No Extension of Long Stop Date for Digital Money Myanmar ..
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More news
Financials
Sales 2021 117 B 14 254 M 14 254 M
Net income 2021 6 481 M 789 M 789 M
Net Debt 2021 111 B 13 552 M 13 552 M
P/E ratio 2021 21,2x
Yield 2021 6,35%
Capitalization 205 B 24 958 M 24 991 M
EV / Sales 2021 2,70x
EV / Sales 2022 2,60x
Nbr of Employees 18 000
Free-Float 46,0%
Chart TELENOR ASA
Duration : Period :
Telenor ASA Technical Analysis Chart | MarketScreener
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Technical analysis trends TELENOR ASA
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 163,21 NOK
Last Close Price 146,60 NOK
Spread / Highest target 33,0%
Spread / Average Target 11,3%
Spread / Lowest Target -5,87%
EPS Revisions
Managers and Directors
NameTitle
Sigve Brekke President & Chief Executive Officer
Tone Hegland Bachke Chief Financial Officer
Gunn Wærsted Chairman
Ruza Sabanovic Executive VP, Head-Technologies & Services
Sally Margaret Davis Director
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