Telenor Group posted a modest 1.6 per cent growth in second quarter organic revenue, to NOK26.8 billion ($4.3 billion), but was still able to revise upwards its full-year EBITDA guidance as mobile operations in Norway, Sweden, Bangladesh and Pakistan each delivered solid results.
“On the back of strong performance so far this year and our estimates for the remainder of 2014, we now expect an EBITDA margin above last year while our revenue outlook remains at low single digit organic growth,” said Jon Fredrik Baksaas (pictured), Telenor CEO.
EBITDA margin was 35.1 per cent for the first half of the year, eclipsing last year’s 34.5 per cent.
Telenor also had a strong showing in India and Malaysia, although Denmark and Thailand remain “challenging”.
Read more: Mobile World Live