Ondrej Cabejšek's questions to TELENOR (TELNY) leadership • Q4 2024
Question
Ondrej Cabejšek asked for clarification on the 2025 free cash flow guidance, specifically questioning the expected contribution from Asia relative to the previous NOK 5 billion goal and the outlook for net working capital after a strong 2024.
Answer
CFO Torbjorn Wist explained that the year-over-year impact from working capital is expected to be negative in 2025 due to the significant structural gains made in 2024. Head of IR Frank Maaø confirmed the NOK 5 billion ambition for Asia's upstreamed cash flow still stands. CEO Benedicte Fasmer added that they expect True in Thailand to resume dividend payments in H2 2025.