Telenor cuts 2026 outlook after Q2 earnings miss
Telenor cuts 2026 outlook after Q2 earnings miss
Thu, July 16, 2026 at 5:49 AM UTC
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July 16 (Reuters) - Norway's leading telecom operator Telenor cut its 2026 outlook on Thursday after reporting weaker-than-expected second-quarter earnings, citing slower revenue growth in Norway and Finland, higher operating expenses and macroeconomic challenges in Bangladesh.
Telenor's adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) fell 9% to 7.99 billion Norwegian crowns ($826.48 million) in the quarter. Analysts polled by Telenor had expected 8.30 billion crowns on average.
Telenor said it was hit by slower-than-expected revenue growth in Norway and Finland, higher Nordic operating expenses and other effects.
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It now expects flat to slightly negative organic growth in adjusted EBITDA, down from flat to low-single-digit growth, and free cash flow of around NOK 10 billion, compared with NOK 10 billion to NOK 11 billion previously.
In April, Telenor warned of a challenging second quarter against a strong year-earlier comparison and cut its 2026 adjusted EBITDA growth forecast to flat-to-low single digits from low-to-mid single digits.
($1 = 9.6675 Norwegian crowns)
(Reporting by Agnieszka Olenska; Editing by Matt Scuffham and Bartosz Dabrowski)
Source: “AOL Money”
