Financial outlook and ambitions
Last updated 18 October 2024.
Outlook for Nordics 2024
Organic service revenues: Low-to-mid single-digit growth (previously: Low single-digit growth)
EBITDA growth*: Mid single-digit growth
Capex*/sales: Around 17%
Group Outlook 2024
EBITDA growth*: Mid single-digit growth
FCF before M&A: NOK9-10 billion (excluding new spectrum and potential items relating to prior years’ activities)
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