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ABOUT TELENOR NEWS NEWS AND PRESS RELEASES FINANCIAL RESULTS FOR Q4 2012
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Financial results for Q4 2012

13 February, 2013 - Telenor Serbia revenues in the last quarter of this year amounted RSD 10.678 billion, being 8.9% higher than in the last quarter in 2011.
 
The number of our subscriptions grew by 2% compared to last year, to 3.2m. Capital expenditures continue with the planned pace, but have been reduced significantly after we completed the network modernization in the beginning of 2012.
 
„The macroeconomic development and the competition in the market continue to have a significant impact on our operations. However, Telenor remains determined to maintain its top line growth, further strengthening our market position. This year we plan to further improve our quality, coverage and data capacity and further investments in Smart network and systems for customer care.” says Erlan Netten, Chief Financial Officer of Telenor Serbia d.o.o.
 
In the fourth quarter of 2012, Telenor Group reported revenues of NOK 26.0 billion, representing an organic revenue growth of 5%. EBITDA before other items was NOK 8.2 billion, EBITDA margin was 31.5 %, and operating cash flow was NOK 4.6 billion. For the full year of 2012, Telenor’s revenues were NOK 101.7 billion, EBITDA before other items was NOK 32.8 billion, EBITDA margin was 32.2% and operating cash flow was 20.5 billion.