Telenor's Nordic Focus: Steady Growth & Higher Dividends

Telenor, a significant telecom company, unveiled its new business strategy, emphasizing the Nordic region. The company set financial goals for 2025 and beyond, aiming for steady revenue growth, improved profit margins, and stronger cash flow in key markets. Telenor expects to generate 13 billion Norwegian Kroner in free cash flow in 2025, with dividends from partner companies contributing 2.5 billion. Analysts at Kepler Cheuvreux find this mix of dividends reliable for their financial predictions. Telenor projects a low single-digit annual growth rate in service revenue and a low-to-mid single-digit growth in earnings before interest, taxes, depreciation, and amortization for its Nordic operations from 2025 to 2028. The company also anticipates a mid-to-high single-digit annual growth rate in total free cash flow, reaching 14-15 billion Norwegian Kroner by 2030. Telenor plans to increase annual dividends, maintain its target debt range, and become more focused on the Nordic region and Asia, aiming for valuable transactions and partnerships while maintaining a strong financial position.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.