Telenor ASA posted first quarter profits marginally lower than expectations, due mostly to the recent appreciation of the Norwegian crown, but said it is maintaining its full-year guidance on sales and EBITDA margins.
For the first quarter Telenor posted pretax profits of NOK 6.253 billion, up from last year’s 4.194 billion but marginally below the 6.317 billion consensus forecast of analysts polled by TDN Finans.
At the EBITDA level, earnings came in at NOK 7.123 billion, up from NOK 7.035 billion last time, but also marginally shy of the 7.349 billion forecast. The EBITDA margin was 35.1 percent, up on last year’s 34.8 percent.