Telenor Bulgaria posts growth in revenues, EBITDA for FY2015

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Telenor Bulgaria posts growth in revenues, EBITDA for FY2015

Today, Telenor Group reported fourth-quarter and full year 2015 financial results.

Financial results of Telenor Bulgaria
(In BGN mln) 4th quarter Full Year
2015 2014 2015 2014
Revenues
Subscription and traffic 119 128 476 501
Interconnect revenues 12 9 43 33
Other mobile revenues 1 1 7 7
Non-mobile revenues 38 30 116 96
Total revenues 170 168 642 638
EBITDA before other items 62 58 248 244
Operating profit 39 10 134 -95
EBITDA before other items/ Total revenues (%) 36.4% 34.4% 38.6% 38.2%
CAPEX 51 87 115 159
No. of subscriptions - Change in quarter/ Total (in thousands): -179 -146 3 583 3 901
ARPU - monthly 11.9 11.5 11.5 11.2
Exchange rate (BGN) NOK 4.5777 NOK 4.2711

“2015 was a challenging but also very successful year for Telenor Bulgaria. We successfully finalized the swap of our network and were the first on market to launch 4G technology with national coverage. These technological advancements, backed by the improved commercial offers, customer care and operational efficiency helped us achieve growth in revenue, EBITDA and ARPU, making Telenor the number one operator in terms of mobile revenue and profitability on Bulgarian market. In 2016, we will continue to build on these achievements in pursuit of our goal to become the leading digital services supplier in the country with special focus on monetizing the growth in mobile data traffic”, commented Telenor Bulgaria Chief Executive Officer Stein-Erik Vellan.

To find out more about the Telenor Group results, please visit: telenor.com