Financial outlook and ambitions
Updated as per Q3 2024.
Outlook for Nordics 2024
Organic service revenues 3-4% growth: (previously: Low-to-mid single-digit growth)
EBITDA growth*: Mid-single-digit growth
Capex*/sales: Slightly below 17% (previously: around 17%)
Group Outlook 2024
EBITDA growth*: 3-4% growth (previously: mid-single-digit growth)
FCF before M&A: NOK9.5-10 billion (previously NOK 9-10 billion)
Mid-term ambitions for 2023-2025:
Group
YOY growth DPS
FCF before M&A to cover dividend in 2025
Net leverage of 1.8x-2.3x
Nordic
Low-to-mid single-digit growth in Nordic service revenues
Mid-single-digit growth in Nordic EBITDA
Capex*/sales: ~NOK 2 bn lower in 2025 vs 2022
*) EBITDA before other items; capex excluding leases
The FCF is excluding new spectrum and potential items relating to prior years’ activities