Telenor ASA
Score · fiscal year 2025
33of 100
How to read this: the company is ahead of 16 % of companies in the Morning class Medium in the same sector in 2025. What does this mean?
Rank in the Morning class Medium: 348 of 412 · What are Morning company classes?
Place in the whole sector: 1,642 of 2,025 · Informasjon og kommunikasjon
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 20 and solidity 75 out of 100 among companies in the Morning class Medium in the same sector in 2025. Methodology
Against the sector
Telenor ASA is 16 points below the median for companies in the Morning class Medium in the same sector in 2025.
Median score 49 among 412 companies.
Against companies in the Morning class Medium in the same sector in 2025: operating margin −265.4% (median 5.9%) and equity ratio 49.5% (median 30.1%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 355 MNOK | 133 MNOK |
| Operating margin | −265.4% | 5.9% |
| Profit margin | 3,339.4% | 6.6% |
| Return on assets | 7.4% | 11.7% |
| Equity ratio | 49.5% | 30.1% |
| Debt-to-equity | 1.02 | 2.29 |
| Current ratio | 0.43 | 1.15 |
| Revenue growth | −47.6% | 6.4% |
| Revenue per employee | 0.96 MNOK | 2.46 MNOK |
The median and “ahead of” refer to companies in the Morning class Medium in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 33, Telenor ASA does better than 16% of companies in the Morning class Medium in the same sector (412 companies) in 2025.
Score 2023–2025
- Telenor ASA
- Median: companies in the Morning class Medium in the same sector
Telenor ASA has a score of 33 for 2025, rank 1,642 of 2,025 in the sector.
Strongest: Solidity: percentile 75 against peers, equity ratio 49.5% against a median of 30.1%.
Weakest: Growth: percentile 0 against peers, revenue growth −47.6% against a median of 6.4%. Liquidity: percentile 5 against peers, current ratio 0.43 against a median of 1.15.
Worth a closer look
- Consider strengthening liquidity: current liabilities are 2.3 times current assets. Based on: current ratio 0.43 (median 1.15).
- The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors? Based on: operating margin −265.4% (median 5.9%).
- What lies behind weak growth, and will it last?
Written by fixed rules from the figures. Describes the figures, does not explain causes. Not investment or financial advice. How the summary is made
What the numbers say
Telenor ASA had an operating margin of −265.4% and an equity ratio of 49.5% in 2025, and ranks 1,642 of 2,025 in Informasjon og kommunikasjon.
From 2024 to 2025: the operating margin fell from −168.0% to −265.4% and revenue fell by 48%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 107,794 MNOK and 116,380 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 116,380 MNOK |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 107,794 MNOK |
A mechanical estimate from public accounts, not advice. Mechanical estimate from public accounts with fixed multiples. Not a valuation and not advice to buy or sell. The multiples are provisional default values and must be adjusted per sector before the figures are used for anything. See the calculation
Worth a closer look
- critical
Consider strengthening liquidity: current liabilities are 2.3 times current assets.
Based on: Current ratio 0.43 (median 1.15).
- watch
The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors?
Based on: Operating margin −265.4% (median 5.9%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 4.0% of the debt in 2025. The policy rate averaged 4.30 % the same year. This is a plain description of what the debt cost, not a model of interest sensitivity.
See interest rates, prices and exchange rates for the sector
Data quality
- watch Extreme margin: check the figures
Scenario analysis: the sector's weakest year
We have no accounts for 2026, the sector's weakest year, for this company.
The sector's weakest year was 2026, with a median operating margin of 4.1%. Based on the 8 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 20 | weight 30% |
|---|---|---|
| Solidity | 75 | weight 25% |
| Liquidity | 5 | weight 15% |
| Growth | 0 | weight 15% |
| Consistency | 53 | weight 15% |
Durability: 46 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Telenor ASA?
The operating margin was −265.4% in 2025, against a median of 5.9% among companies in the Morning class Medium in the same sector. Return on assets was 7.4%.
How solid is Telenor ASA?
The equity ratio was 49.5% in 2025 (median 30.1%). Debt-to-equity was 1.02 (median 2.29).
What is the liquidity of Telenor ASA like?
The current ratio was 0.43 in 2025 (median 1.15). Current assets did not cover current liabilities.
How does Telenor ASA compare in Informasjon og kommunikasjon?
Telenor ASA ranks 1,642 of 2,025 in Informasjon og kommunikasjon for 2025. Among companies in the Morning class Medium it is number 348 of 412. Revenue changed by −47.6% from the year before.
Group accounts
The company is registered as part of a group, but we have no group accounts for it. Group accounts are filed by the parent company, and open data does not say which company that is.
Read the figures with care: a company in a group can look strong because of group contributions, or weak because dividends go up to the parent. The figures are indications, not the full picture.
We do not show the group structure, because open data does not say who owns whom.
From the Central Coordinating Register
- Org. no.
- 982463718
- Legal form
- ASA · part of a group
- Sector
- Informasjon og kommunikasjon (61.100)
- Morning company class
- Medium
- Employees
- 370 registered 10 October 2026
- Founded
- 21 July 2000 26 years in operation
- Share capital
- 8,210.10 MNOK
- Business address
- Snarøyveien 30, 1360 FORNEBU (BÆRUM)
- Municipality
- Bærum rank 1 of 11 in KOSTRA group 12
- Latest accounts filed
- 2025
- Website
- www.telenor.no/
- LEI
- 549300IM1QSBY4SLPM26 renews 11 May 2027
Source: Central Coordinating Register, Brønnøysund Register Centre. The employee count is reported by the company and may be older than the accounts. See the company at the Brønnøysund Register Centre
Ownership and roles
- Chief executive
- Benedicte Schilbred Fasmer
- Chair of the board
- Jens Petter Olsen
- Board member
- Gyrid Skalleberg Ingerø
- Board member
- Pieter Cornelis Knook
- Board member
- Grethe Bergly
- Board member
- Ottar Ertzeid
- Board member
- Marianne Dahl Steensen
- Board member
- Mats Ulrik Granryd
- Board member
- Irene Vold
- Board member
- Sune Johannes Jakobsson
- Board member
- Roger Rønning
- Deputy member
- Per Morten Schou
- Deputy member
- Berit Bekkevold
- Deputy member
- Tom Espe Doknes
- Deputy member
- Henrik Taxth Yttervik Andersen
- Deputy member
- Esben Smistad
- Deputy member
- Sabah Qayyum
- Deputy member
- Anita Helen Steine
- Auditor
- Deloitte AS
Source: Central Coordinating Register, fetched 31 October 2026. Only names are shown.
- Parent company
- Parent does not consolidate the company
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 30 October 2026. The parent is the one the company itself reported to GLEIF.
Owners and shareholdings will appear here once the shareholder data extract is in place.
Coming · not built yet
Error in the data?
Do you see an error in the figures or in how the company is mapped (sector, holding, group)? Let us know. Corrections require documentation.
Figures last fetched 31 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 47 | 59 | 33 | |
| Rank | 1,057 | 615 | 1,642 | |
| Operating margin | −176.1% | −168.0% | −265.4% | |
| Return on assets | 10.2% | 14.2% | 7.4% | |
| Equity ratio | 48.7% | 51.6% | 49.5% | |
| Current ratio | 0.37 | 0.40 | 0.43 | |
| Revenue growth | – | 42.1% | −47.6% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 477.0 MNOK | 678.0 MNOK | 355.0 MNOK |
| Operating profit | −840.0 MNOK | −1,139.0 MNOK | −942.0 MNOK |
| Profit before tax | 12,647.0 MNOK | 19,476.0 MNOK | 11,855.0 MNOK |
| Net profit | 13,621.0 MNOK | 20,525.0 MNOK | 11,638.0 MNOK |
| Financial expenses | 9,148.0 MNOK | 10,453.0 MNOK | 4,361.0 MNOK |
| Total assets | 213,027.0 MNOK | 211,512.0 MNOK | 217,963.0 MNOK |
| Current assets | 12,664.0 MNOK | 11,045.0 MNOK | 14,820.0 MNOK |
| Equity | 103,796.0 MNOK | 109,129.0 MNOK | 107,794.0 MNOK |
| Retained earnings | 95,417.0 MNOK | 100,732.0 MNOK | 99,516.0 MNOK |
| Total liabilities | 109,231.0 MNOK | 29,005.0 MNOK | 110,171.0 MNOK |
| Current liabilities | 34,100.0 MNOK | 27,674.0 MNOK | 34,198.0 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 31 October 2026, accounts id 7239078.
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