Telenor maintaining targets, says CFO

Telenor is maintaining all its financial targets, its CFO Trond Westlie, quoted by a Reuters report said.

Telenor's targets are for 2008 revenue growth of 5%, an EBITDA (earnings before interest, tax, depreciation and ammortisation) margin of above 31% and 2008 capital expenditure at around 20% of revenues.

The company has also earlier said that it aims to generate more than 10 billion crowns (1.2 billion euros) per year in cash flow from its Nordic operations in the medium term, a target it repeated in presentations to analysts.

Asked about the 2008 targets, Westlie told Reuters the company was maintaining all its financial targets and had nothing new to say about them.

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