Telenor raises full-year outlook as Q3 earnings beat expectations

(Reuters) -Norwegian telecom operator Telenor 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)

Source: Investing.com