Q3 2013 Financial results
October 31, 2013 - Telenor Serbia revenues in the third quarter of 2013 amounted to RSD 11.312 billion, keeping the level consistent with the same quarter in 2012.
The subscriptions base was stable compared to the same period last year, reaching 3.2 million users. The focus on capital investments is strong in 2013, reflecting on the continuous expansion and enhancement of the network and the IT stack.
„The Serbian economy faces a continuing stagnation, inevitably challenging our top line, together with an even more intense competition in the market. We are successfully addressing these challenges, preserving a strong top line performance and further strengthening our market position. This reflects our commitment to diversify and continuously enhance the quality of serving our customers, which remains our top priority. Investments in increasing the speed, availability and ease of use of our services will continue, encompassing strong focus on our network and information systems.” says Erlan Netten, Chief Financial Officer in Telenor Serbia.
In the third quarter of 2013, Telenor Group reported revenues of NOK 26 billion, representing an organic revenue growth of 1%. EBITDA, before other items, was NOK 9.6 billion, EBITDA margin was 37%, and operating cash flow was NOK 5.9 billion.