04 billion a year earlier, but below an average forecast of 7

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Celine Bags Outlet Analysts said that despite the shortfall, Replica Celine the report was steady and they expected little change to their forecasts for the company.”In the first quarter of 2008 we saw continued underlying revenue growth combined with a stable EBITDA margin,” Chief Executive Jon Fredrik Baksaas said in a statement.”The appreciation of the Norwegian crown puts pressure on our reported revenue growth,” he added.The group reported first quarter earnings before interest, tax, depreciation and amortisation (EBITDA) of 7.12 billion crowns ($1.39 billion), up from 7.04 billion a year earlier, but below an average forecast of 7.34 billion in a Reuters poll.Telenor shares edged up 0.9 percent to 100.50 crowns by 0820 GMT. It reiterated guidance for 2008 revenue growth of around 5 percent, an EBITDA margin before other income and expenses above 31 percent and Replica Celine capital expenditure Replica Celine Bags about 20 percent of revenue.Speaking to analysts and journalists after the results, the company said the revenue target would include acquisitions and took into account an expected 2 percentage points negative effect from adverse currency movements.”It was a solid report on an underlying basis, even though there was weaker revenue development, but that was influenced by the currency picture, so it was more or less as expected,” said DnB Nor Markets analyst Frank Maao.”It looks like a fairly okay report. It was not so far from expectations,” said Jesper Wilgodt, analyst at ABG Sundal Collier, adding that Norwegian mobile looked like it was improving again and that Ukraine had a good result.”I do not think there will be any big changes in estimates in the market,” he added.Telenor, which expanded into new markets www.savecelinebags.com in eastern Europe and Asia, has been reporting figures without a contribution from Ukrainian operator Kyivstar due to a legal row with co owner Altimo, part of billionaire Mikhail Friedman’s Alfa Group.But Telenor said Kyivstar continued to perform well, with first quarter EBITDA up to 1.86 billion crowns from 1.69 billion https://www.savecelinebags.com/ and the EBITDA margin up to 60.3 percent from 59.6 percent.Core earnings for mobile and fixed line operations slipped in its Norwegian home market, rose in Sweden and fell in Denmark and Hungary Celine Bags Outlet.

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