Solid momentum into the year for Telenor [Yahoo! Finance]
TELENOR ASA S/ADR (TELNY)
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Source: Yahoo! Finance
"The first quarter was yet another solid quarter for Telenor. We continue to develop security services to protect our customers against digital attacks, and we see that it is important for our customers," says Sigve Brekke, CEO of Telenor. Services revenues in the first quarter ended at NOK 15.8 billion, corresponding to an organic increase of 5.6 per cent compared to the same period last year. EBITDA ended at NOK 8.5 billion, corresponding to organic growth of 6.9 per cent. Free cash flow amounted to NOK 3.3 billion before M&A. Telenor Nordics and Telenor Asia delivered five and six per cent growth in service revenues respectively in the first quarter of the year, while organic EBITDA growth ended at eight and five per cent. Cyber security threat on the rise In the first three months of the year, Telenor stopped more than 500 million attempts at digital crime against its customers in Norway. "The significant scale of these attacks tells us this is a serious social problem. T
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