Sign in

    Øystein Lodgaard • ABG Sundal Collier

    Øystein Lodgaard's questions to Telenor ASA (TELNY) leadership

    Øystein Lodgaard's questions to Telenor ASA (TELNY) leadership • Q1 2025

    Question

    Øystein Lodgaard from ABG Sundal Collier questioned the change in outlook language for OpEx development and asked if Telenor can continue to drive ARPU growth through its 'more-for-more' strategy amid a peer slowdown.

    Answer

    CFO Torbjorn Wist explained that OpEx benefits arrived earlier than expected in Q1, but the full-year progression is still expected to have more impact toward the end of the year. CEO Benedicte Fasmer defended the 'more-for-more' strategy, stating it remains successful by bundling valued services like security and cloud storage, while also serving price-sensitive customers through its fighter brands.

    Ask Fintool Equity Research AI

    Øystein Lodgaard's questions to Telenor ASA (TELNY) leadership • Q4 2024

    Question

    Øystein Lodgaard of ABG Sundal Collier inquired about the future development of operating expenses (OpEx) in the Nordics, asking how much OpEx reduction would contribute to EBITDA growth and about the potential for further reductions beyond 2025.

    Answer

    CFO Torbjorn Wist confirmed that OpEx efficiencies from the ongoing Nordic transformation program will be a clear and demonstrable contributor to achieving the mid-single-digit EBITDA growth guided for 2025. He deferred commentary on the potential for OpEx reductions beyond 2025 to the upcoming Capital Markets Day, after the new strategy has been fully developed.

    Ask Fintool Equity Research AI

    Øystein Lodgaard's questions to Telenor ASA (TELNY) leadership • Q3 2024

    Question

    Øystein Lodgaard asked for more detail on the timing of the previously announced employee reductions and when the financial impact would materialize. He also questioned how a potential slip of 2024 CapEx into 2025 would affect the 2025 CapEx guidance.

    Answer

    CEO Sigve Brekke affirmed that the workforce reduction plans are concrete and currently being executed, with effects to be seen starting in Q4 2024 and continuing through 2025. Regarding CapEx, Acting CFO Kasper Kaarboe stated that while the goal is to complete planned spending in 2024, any potential spillover into 2025 will be addressed in the new guidance to be issued in February.

    Ask Fintool Equity Research AI