Telenor Full Year 2024 Earnings: EPS Beats Expectations

Simply Wall St

March 22, 2025

Telenor (OB:TEL) Full Year 2024 Results

Key Financial Results

Revenue: kr79.9b (flat on FY 2023).
Net income: kr18.6b (up from kr4.88b loss in FY 2023).
Profit margin: 23% (up from net loss in FY 2023).
EPS: kr13.51 (up from kr3.52 loss in FY 2023).

revenue-and-expenses-breakdown — OB:TEL Revenue and Expenses Breakdown March 22nd 2025

All figures shown in the chart above are for the trailing 12 month (TTM) period

Telenor EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.8%.

The primary driver behind last 12 months revenue was the Nordics segment contributing a total revenue of kr56.6b (71% of total revenue). The largest operating expense was Depreciation & Amortisation (D&A) costs, amounting to kr16.9b (49% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of kr514.0m. Explore how TEL's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Telecom industry in Europe.

Performance of the market in Norway.

The company's shares are up 1.1% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 3 warning signs for Telenor you should be aware of, and 1 of them is a bit concerning.

Valuation is complex, but we're here to simplify it.

Discover if Telenor might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.