Norlys came out of the first half of the year with a pre-tax loss of DKK 420 million, although gross profit increased by DKK 378 million compared to the same period last year. Revenue increased to DKK 8.2 billion compared to DKK 6.5 billion the year before, mainly due to the integration of Telia Danmark. High costs for the integration of Telia Danmark and a recovery of the internet and TV business also affected the result. Financial investments also declined and yielded a return of DKK -51 million compared to DKK 471 million in the first half of 2024, Norlys writes.
The improvement in gross profit is mainly due to the fact that the mobile business now counts for the entire accounting period. Also, more kilowatt-hours sold at charging stations and a positive result from the energy trading business Norlys Energy Trading have pulled up after a deficit last year.
- We are facing one of the largest transformation tasks ever in the Danish telecommunications industry with the integration of Telia Danmark. We are investing a small amount of billions in the integration these years, and this is affecting our bottom line here and now, as expected. I am satisfied that we are improving our gross profit significantly and are even above our target, says Anne Mette Aaby Aaes, Group CFO of Norlys.
Investments increased to 2.1 billion. DKK in the first half of the year – from 1.9 billion. DKK the year before. Norlys is investing in expanding the electricity grid, a nationwide charging network and better mobile and internet coverage.
- At Norlys, we are building the green and digital infrastructure of the future, and it requires record investments these years to support and push forward the green and digital development of society. We are upgrading and expanding the infrastructure throughout the country with a natural focus on our Jutland origins. This year, for example, we are setting up many new mobile towers, so that mobile coverage in our ownership geography is on par with the big cities, says Anne Mette Aaby Aaes.
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