Financial Information Archive until March 2025

DNA PLC STOCK EXCHANGE RELEASE 10 FEBRUARY 2025, 3:00 pm EET

Telenor Finland Holding Oy, the sole shareholder of DNA Plc, has decided to make the decisions related to the composition of the Board of Directors, which belong to the Extraordinary General Meeting, without holding a General Meeting. The decisions are being made legally in accordance with the Companies Act Chapter 5 Section 1.

Mette Eistrøm Krüger will move to position outside the Telenor Group and resigned from her position as a member of the Board of Directors of DNA Plc as of 17 February 2025. Elisabeth Melander Stene has been chosen as a member of the Board of Directors of DNA as of 17 February 2025.

Jon Omund Revhaug, Chair of the Board of Directors of DNA Plc, resigned from his position as the Chair as of 1 April 2025, as he moves within the Telenor Group from helm of Telenor Nordics to helm of Telenor Asia. Sigvart Voss Eriksen, who will take over as the helm of Telenor Nordics, has been chosen Chair of the Board of Directors of DNA with effect from 1 April 2025.

Thomas Thyholdt will continue as a member of the Board. The total number of Board members will remain at three.

Further information:
DNA Corporate Communications, tel +358 44 044 8000, communications@dna.fi

DNA PLC STOCK EXCHANGE RELEASE 7 JANUARY 2025 AT 17:00 EET

DNA Plc's Finnish network infrastructure business, which is conducted by the company's subsidiary DNA Tower Finland Oy, has been transferred to Telenor Towers Finland Oy, a limited company established in the partial demerger of DNA, as of 1 January 2025. The change has also been registered in the Finnish Trade Register.

The arrangement was approved by DNA's shareholder on 13 November 2024, which was already announced by DNA on the date of approval.

This is an internal restructuring within Telenor Group and will not impact DNA’s operations.

Media enquiries:
DNA Corporate Communications, tel. +358 44 044 8000, communications@dna.fi

 

DNA is one of the leading telecommunications companies in Finland. Our mission is to connect you to what matters most. We offer connections, services and devices for homes and workplaces, contributing to the digitalisation of society. DNA’s customers have been among the most active users of mobile data in the world for years. DNA has approximately 3.7 million subscriptions in its fixed and mobile communications networks. The company has been awarded numerous times as an excellent employer and family-friendly workplace. In 2023, our net sales were EUR 1,067 million. We employ about 1,700 people throughout Finland. DNA is part of Telenor Group, the leading telecommunications company in the Nordic countries.  For more information, visit www.dna.fi or follow us on X @DNA_fi, Facebook @DNA.fi and LinkedIn @DNA-Oyj.

 

DNA PLC STOCK EXCHANGE RELEASE 18 December 2024, 11:00 am EET
 
The bond issued by DNA Plc (ISIN: FI4000312095), listed on Nasdaq Helsinki, matures on 27 March 2025 at the latest. As DNA is only subject to the disclosure obligation in relation to this maturing bond, the disclosure obligation will end at the maturity of the bond. For this reason, DNA will not publish its own financial statements for 2024 and therefore no financial statements bulletin, either.

DNA's official financial figures for 2024 will be published as part of the stock exchange reporting of its parent company, the Norwegian communications services group Telenor ASA. Telenor ASA will publish its financial statements on 6 February 2025 and its annual report, including the financial statements, on 20 March 2025.

DNA will continue as usual to communicate its current events through press releases after the end of the disclosure obligation. This will include the company's key performance and sustainability information. All official DNA figures are reported as part of the parent company's reporting.

There will be no Annual General Meeting of DNA before the bond matures.

Further information:
Timo Kipinoinen, CFO, DNA Plc, tel. +358 (0) 44 044 8131, timo.kipinoinen@dna.fi
DNA Corporate Communications, tel. +358 44 044 8000, communications@dna.fi

 

DNA PLC STOCK EXCHANGE RELEASE 13 NOVEMBER 2024 AT 17:00 EET

DNA Plc’s Finnish network infrastructure business, which is conducted by the company’s subsidiary, DNA Tower Finland Oy, is being transferred to Telenor Towers Finland Oy, a limited company to be established in the partial demerger of DNA. The restructuring has been approved by DNA's shareholder on 13 November 2024 and will take effect from 1 January 2025.

This is an internal restructuring within Telenor Group and will not impact DNA’s operations.

Media enquiries:
DNA Corporate Communications, tel. +358 44 044 8000, communications@dna.fi

DNA is one of the leading telecommunications companies in Finland. Our mission is to connect you to what matters most. We offer connections, services and devices for homes and workplaces, contributing to the digitalisation of society. DNA’s customers have been among the most active users of mobile data in the world for years. DNA has approximately 3.7 million subscriptions in its fixed and mobile communications networks. The company has been awarded numerous times as an excellent employer and family-friendly workplace. In 2023, our net sales were EUR 1,067 million. We employ about 1,700 people throughout Finland. DNA is part of Telenor Group, the leading telecommunications company in the Nordic countries. For more information, visit www.dna.fi or follow us on X @DNA_fi, Facebook @DNA.fi and LinkedIn @DNA-Oyj.

DNA PLC STOCK EXCHANGE RELEASE 18 JULY 2024, 8:30 am EEST

Summary

Unless otherwise stated, the comparison figures in brackets refer to the corresponding period in the previous year (reference period). Figures are unaudited.

January–June 2024

• Total revenues grew by 5% and amounted to EUR 539 million (513).
• EBITDA increased by 11% to EUR 209 million (189).
• The operating result increased by 18% and was EUR 109 million (93).
• Average revenue per user (ARPU)¹⁾:
  • ARPU for mobile communications grew by 7% and was EUR 19.1 (17.8).
  • ARPU for fixed broadband grew by 2% and was EUR 16.6 (16.3).
  • ARPU for TV subscriptions increased by 14% and was EUR 10.8 (9.5).
• Number of subscriptions:
  • The number of mobile subscriptions²⁾ increased to 2,788,000 (2,742,000).
  • The number of fixed broadband subscriptions increased to 688,000 (659,000).
  • The number of TV subscriptions decreased to 209,000 (218,000).

 

Key figures

EUR million	1–6/2024	1–6/2023	Change, %	1–12/2023
Total revenues	539	513	5	1,067
EBITDA	209	189	11	390
% of total revenues	39	37		37
Depreciation, amortisation and impairment	100	96		190
Operating result, EBIT	109	93	18	200
% of total revenues	20	18		19
Net result before tax	99	86	16	183
Net result for the period	78	68	15	146
Return on investment (ROI), %	15	12		15
Return on equity (ROE), %	19	21		22
Capital expenditure	93	92	1	199
Cash flow after investing activities	149	90	67	163
Net debt	635	625	2	670
Net debt/EBITDA	1.5	1.7		1.7
Net gearing, %	96	99		104
Equity ratio, %	42	38		37
Earnings per share, basic and diluted, EUR	0.59	0.51		1.11
Personnel at the end of period	1,719	1,749	-2	1,718

CEO’s review

DNA’s financial figures for the period indicate that our business has developed favourably. Our total revenues grew by 5% year-on-year and amounted to EUR 539 million (513). EBITDA increased by 11% to EUR 209 million (189). The operating result increased by 18% and was EUR 109 million (93). The number of mobile network subscriptions increased on the comparison period and stood at 2,788,000 subscriptions (2,742,000), while their ARPU rose to EUR 19.1 (17.8). The number of fixed broadband subscriptions also increased on the comparison period and stood at 688,000 subscriptions (659,000), while their ARPU rose to EUR 16.6 (16.3). The number of TV subscriptions decreased as expected.

At the end of June, DNA’s 5G network had a population coverage of almost 98%. Long-term efforts to upgrade our network are also reflected in increased data speeds on 4G services. However, mobile network developments are increasingly focused on 5G technology, and the first 5.5G-based services will soon be coming onto the market.  DNA already piloted 5.5G technology for the media at the end of last year, reaching data speeds of up to 10 gigabits per second in its commercial network.  In the spring, DNA was also the first operator in Finland to launch two gigabit broadband subscriptions in the fixed broadband network, cable broadband and Ethernet technology. There is a need for speed, as the amount of data being used is constantly increasing.

Finns still need to brush up on their information security skills. According to a recent survey that we commissioned³⁾, only 54% of Finns feel that they are sufficiently knowledgable about data security threats. Another survey⁴⁾ shows that Finnish companies are also inadequately prepared for cyber threats. At DNA, we consider improving cyber resilience to be a common challenge for everyone in Finland. Our parent company, Telenor, announced the establishment of a new Nordic company, Telenor Cyberdefence, in June. This will create opportunities to further expand our cybersecurity offering.

We have also been actively revising our brand strategy in 2024. DNA is an attitude brand that dares to challenge, experiment and care. A strong brand also makes us stand out from our competitors – a strong brand’s most important task is to make it easier to decide what to buy. I am sure that our brand’s key message, dare, will be visible to our customers in many ways during the course of the year.

In May and June, DNA has also been highlighting a topic that is personally important to me: humane leadership. In podcasts on this topic, I invited leading experts from a number of fields to share their insights and ideas. The goal was to spark off public debate and promote more human leadership at all organisational levels. The podcast project is also an excellent reflection of DNA’s corporate culture, which is centred on our employer promise of a humane and one-of-a-kind workplace.

When it comes to DNA’s operating environment, it is important to note that the Finnish economy is still in recession, even though the Bank of Finland’s June forecast predicted that a slow recovery is on the horizon⁵⁾. Inflation has clearly slowed down, and the resulting improvement in household purchasing power will help private consumption to recover. However, the wars in Ukraine and Gaza continue to cause global uncertainty that is also being reflected in Finland. DNA has prepared for both changes in the geopolitical situation and a rise in influence operations, data breaches and sabotage attempts fuelled by growing unrest.

Jussi Tolvanen
CEO
 

1. ARPU = Monthly mobile revenues (company’s subscriptions) and traffic revenues + interconnection / average number of subscriptions.
2. Postpaid, prepaid, mobile home phone (“Luuri”) and mobile broadband subscriptions
3. A press release about the survey is available at: https://corporate.dna.fi/press-releases?type=stt1&id=70352342
4. A press release about the survey is available at: https://corporate.dna.fi/press-releases?type=stt1&id=70120504
5. Bank of Finland, 11 June 2024: Finland’s economy gradually moving out of recession. Available here: https://www.suomenpankki.fi/en/media-and-publications/releases/2024/finlands-economy-gradually-moving-out-of-recession/

Additional information:
Jussi Tolvanen, CEO, DNA Plc, +358 44 044 1000, jussi.tolvanen@dna.fi
Timo Kipinoinen, CFO, DNA Plc, +358 44 044 8131, timo.kipinoinen@dna.fi
DNA Corporate Communications, tel. +358 44 044 8000, communications@dna.fi

Attachment: Half-Year Financial Report 2024, DNA Plc (PDF)

DNA is one of the leading telecommunications companies in Finland. Our purpose is to connect you to what matters most. We offer connections, services and devices for homes and workplaces, contributing to the digitalisation of society. Already for years, DNA customers have been among the world leaders in mobile data usage. DNA has about 3.7 million subscriptions in its fixed and mobile communications networks. The company has been awarded numerous times as an excellent employer and family-friendly workplace. In 2023, our total revenue was EUR 1,067 million and we employ about 1,700 people around Finland. DNA is a part of Telenor Group, a leading telecommunications company across the Nordics. More information: www.dna.fi, X @DNA_fi, Facebook @DNA.fi and LinkedIn @DNA-Oyj.

Attachment

• DNA_Half-Year_Financial_Report_2024

DNA PLC STOCK EXCHANGE RELEASE 3 JULY 2024 AT 15:20 EEST

DNA Plc’s Finnish network infrastructure business, which is conducted by the company’s subsidiary, DNA Tower Finland Oy, is being transferred to a limited company that is to be founded as part of DNA’s partial demerger, Telenor Towers Finland Oy. The partial demerger is planned to take place on 31 December 2024.

This is an internal restructuring within Telenor Group and will not impact DNA’s operations.

Media enquiries:
DNA Corporate Communications, tel. +358 44 044 8000, communications@dna.fi

DNA is one of the leading telecommunications companies in Finland. Our mission is to connect you to what matters most. We offer connections, services and devices for homes and workplaces, contributing to the digitalisation of society. DNA’s customers have been among the most active users of mobile data in the world for years. DNA has approximately 3.7 million subscriptions in its fixed and mobile communications networks. The company has been awarded numerous times as an excellent employer and family-friendly workplace. In 2023, our net sales were EUR 1,067 million. We employ about 1,700 people throughout Finland. DNA is part of Telenor Group, the leading telecommunications company in the Nordic countries. For more information, visit www.dna.fi or follow us on X @DNA_fi, Facebook @DNA.fi and LinkedIn @DNA-Oyj.

 

DNA PLC STOCK EXCHANGE RELEASE 24 JUNE 2024 AT 09:30

It is with great sadness that we have been informed that Jørgen C. Arentz Rostrup, Head of Telenor Nordics and Chairman of DNA Board of Directors has passed away after a sudden and unexpected illness on Saturday the 22^nd June.

We are grateful for his significant contributions to DNA during his chairmanship from October 2019 to March 2021 and again from October 2023 onwards. 

As of today, Jon Omund Revhaug has been appointed acting head of Telenor Nordics. He will also be appointed as Chair of DNA Board of Directors as soon as possible. Revhaug is currently COO (Chief Operating Officer) in Telenor Nordics, responsible for technology, IT and shared services across the Nordic region.

Additional information:
DNA Corporate Communications, tel. +358 44 044 8000, communications@dna.fi
 

DNA is one of the leading telecommunications companies in Finland. Our purpose is to connect you to what matters most. We offer connections, services and devices for homes and workplaces, contributing to the digitalisation of society. Already for years, DNA customers have been among the world leaders in mobile data usage. DNA has about 3.7 million subscriptions in its fixed and mobile communications networks. The company has been awarded numerous times as an excellent employer and family-friendly workplace. In 2023, our total revenue was EUR 1,067 million and we employ about 1,700 people around Finland. DNA is a part of Telenor Group, a leading telecommunications company across the Nordics. More information: www.dna.fi, X @DNA_fi, Facebook @DNA.fi and LinkedIn @DNA-Oyj.

DNA PLC STOCK EXCHANGE RELEASE 20 MAY 2024 AT 10:00

DNA Plc’s SVP, Corporate Affairs (CCAO) and member of the Executive Team, Asta Rantanen, will retire effective 31 July. Master of Laws Vesa Vuoti has been appointed as her successor and member of DNA’s Executive Team as of 1 August. Vuoti has had a long career at DNA in a number of roles, most recently as VP, Legal and Regulatory Affairs. Previously, he has served as Director of Administration and Security, among others.

Ph.D., CIO Sari Leppänen is appointed CTO for DNA. Since the beginning of May, she has temporarily managed that position alongside her own work after the previous CTO Ville Virtanen transferred to DNA’s parent company, Telenor. In addition to the new role, Leppänen will continue as the CIO for DNA.


“I would like to thank Asta Rantanen for her great work at DNA over the past twenty years, first in several legal roles and later also as SVP of Corporate Affairs. Asta has developed DNA’s corporate governance policies remarkably and has taken care of the superiority of our various policies and procedures. I’m also delighted that we found a very qualified successor within the company and I wish Vesa a lot of success in the new role,” says DNA CEO Jussi Tolvanen.

“I’m grateful for my career with DNA. It has been great to be part of the DNA success story. I sincerely thank all our partners and colleagues for these years together,” says Asta Rantanen.

Additional information:
DNA Corporate Communications, tel. +358 44 044 8000, communications@dna.fi

DNA is one of the leading telecommunications companies in Finland. Our mission is to connect you to what matters most. We offer connections, services and devices for homes and workplaces, contributing to the digitalisation of society. DNA’s customers have been among the most active users of mobile data in the world for years. DNA has approximately 3.7 million subscriptions in its fixed and mobile communications networks. The company has been awarded numerous times as an excellent employer and family-friendly workplace. In 2023, our net sales were EUR 1,067 million. We employ about 1,700 people throughout Finland. DNA is part of Telenor Group, the leading telecommunications company in the Nordic countries.  For more information, visit www.dna.fi or follow us on X @DNA_fi, Facebook @DNA.fi and LinkedIn @DNA-Oyj.

Attachments

• Sari_Leppänen
• Vesa_Vuoti

DNA PLC STOCK EXCHANGE RELEASE 16 APRIL 2024 10:00 am (EEST)

DNA Plc’s Chief Technical Officer (CTO) and member of the Executive Team, Ville Virtanen (eMBA, B. Eng.), will leave his position and his seat in DNA's Executive Team on 30 April 2024 to join DNA’s parent company Telenor, the Norwegian telecommunications group. In his new role, he will serve as SVP Nordic Technology Transformation of Telenor Nordics, which is Telenor's umbrella organization in Nordics region.

The search for a new CTO for DNA will start immediately.

Mr. Virtanen has more than 20 years of experience at DNA. Before taking the role of CTO in autumn 2021, he was heading the Core and IP Networks unit.

"Over the past years, Ville's extensive knowledge of various network technologies has been the key to DNA's development of its technical capabilities, for example transition to the era of high-speed 5G in its mobile networks. At the heart of Ville's actions has always been the question of which technical solutions enable the best customer experience. It is great that Ville's Finnish expertise can now be benefit more widely in the Nordic region," says Jussi Tolvanen, CEO of DNA.

"I am extremely grateful for these years as DNA's CTO and for my decades of service at DNA. The constant, rapid evolution has been mutual. The company's overall straightforward approach can be seen in the way, how quickly the results of the work are put into practice. My warmest thanks go to the entire technical organisation for our years together so far. Our cooperation will certainly continue in the future," says Mr. Virtanen.

More information:
DNA Corporate Communications, tel. +358 44 044 8000, communications@dna.fi

DNA is one of the leading telecommunications companies in Finland. Our purpose is to connect you to what matters most. We offer connections, services and devices for homes and workplaces, contributing to the digitalisation of society. Already for years, DNA customers have been among the world leaders in mobile data usage. DNA has about 3.7 million subscriptions in its fixed and mobile communications networks. The company has been awarded numerous times as an excellent employer and family-friendly workplace. In 2023, our total revenue was EUR 1,067 million and we employ about 1,700 people around Finland. DNA is a part of Telenor Group, a leading telecommunications company across the Nordics. More information: www.dna.fi, X @DNA_fi, Facebook @DNA.fi and LinkedIn @DNA-Oyj.

 

DNA PLC STOCK EXCHANGE RELEASE 22 MARCH 2024, 11:00 am EET

DNA Plc's sole shareholder, Telenor Finland Holding Oy, has decided to make decisions belonging to the Annual General Meeting (AGM) without holding the AGM in accordance with the Companies Act Chapter 5 Section 1.

It was decided to approve the consolidated financial statements and the parent company's financial statements for the financial period 1 January to 31 December 2023. It was noted that the Board of Directors had proposed to the AGM that the company distribute a dividend of EUR 0.46 per share for the financial year 2023. Based on the number of shares on December 31, 2023, a total dividend of EUR 60,803,804.64 will be distributed. The Board had also proposed that the remaining portion of the distributable funds be retained in equity. The Board's proposal to use the distributable funds shown in the balance sheet was approved.

It was resolved to discharge the Board of Directors and the CEO from liability regarding the financial year from 1 January to 31 December 2023.

It was decided that the number of the Members of the Board of Directors will be three. Jørgen C. Arentz Rostrup will continue as the Chair of the Board and Mette Eistrøm Krüger and Thomas Thyholdt as the Members of the Board. The Board Members shall not be paid remuneration.

It was resolved to choose Authorised Public Accountants Ernst & Young Oy as the DNA Plc’s auditor. APA Mikko Järventausta will act as the Principal Auditor.

More information:
DNA Corporate Communications, tel. +358 44 044 8000, communications@dna.fi

DNA is one of the leading telecommunications companies in Finland. Our purpose is to connect you to what matters most. We offer connections, services and devices for homes and workplaces, contributing to the digitalisation of society. Already for years, DNA customers have been among the world leaders in mobile data usage. DNA has about 3.7 million subscriptions in its fixed and mobile communications networks. The company has been awarded numerous times as an excellent employer and family-friendly workplace. In 2023, our total revenue was EUR 1,067 million and we employ about 1,700 people around Finland. DNA is a part of Telenor Group, a leading telecommunications company across the Nordics. More information: www.dna.fi, X @DNA_fi, Facebook @DNA.fi and LinkedIn @DNA-Oyj.

 

DNA PLC STOCK EXCHANGE RELEASE 7 MARCH 2024 11:00 am (EET)

The attached PDF version of DNA’s Annual Report 2023 includes DNA’s Corporate Sustainability Report, Corporate Governance Statement, Board of Directors' Report as well as Financial Statements consisting of the Consolidated Financial Statements and the Parent Company Financial Statements.

The financial statements in the European single electronic reporting format (ESEF) are attached only to the Finnish version of this stock exchange release as an XHTML file compressed to ZIP. In accordance with ESEF requirements, the main statements in the consolidated financial statements are marked with XBRL. The audit firm Ernst & Young has provided an independent auditor's assurance report in accordance with ISAE 3000 on the ESEF financial statements prepared by DNA.

The Annual Report (PDF) is available in Finnish and English also on DNA’s website: https://corporate.dna.fi/finance/reports/annual-reports-and-csr-reports

More information:
DNA Corporate Communications, tel. +358 44 044 8000, communications@dna.fi

DNA is one of the leading telecommunications companies in Finland. Our purpose is to connect you to what matters most. We offer connections, services and devices for homes and workplaces, contributing to the digitalisation of society. Already for years, DNA customers have been among the world leaders in mobile data usage. DNA has about 3.7 million subscriptions in its fixed and mobile communications networks. The company has been awarded numerous times as an excellent employer and family-friendly workplace. In 2023, our total revenue was EUR 1,067 million and we employ about 1,700 people around Finland. DNA is a part of Telenor Group, a leading telecommunications company across the Nordics. More information: www.dna.fi, X @DNA_fi, Facebook @DNA.fi and LinkedIn @DNA-Oyj.

Attachment

• DNA Annual Report 2023 EN

DNA PLC STOCK EXCHANGE RELEASE 7 FEBRUARY 2024, 8:30 am EET

Summary

Unless otherwise stated, the comparison figures in brackets refer to the corresponding period in the previous year (reference period). Figures are unaudited.

July–December 2023

• Total revenues grew by 8% and amounted to EUR 554 million (514).
• EBITDA increased by 12% and was EUR 201 million (180).
• The operating result increased by 36% and was EUR 107 million (79).
• Average revenue per user (ARPU)¹⁾:
  • ARPU for mobile subscriptions increased by 6% and was EUR 18.6 (17.5).
  • ARPU for fixed broadband grew by 3% and was EUR 16.7 (16.3).
  • ARPU for TV subscriptions increased by 13% and was EUR 10.0 (8.9).

January–December 2023

• Total revenues increased by 7% and amounted to EUR 1,067 million (997).
• EBITDA increased by 7% and was EUR 390 million (364).
• Operating result increased by 25% and was EUR 200 million (160).
• Average revenue per user (ARPU)¹⁾:
  • ARPU for mobile subscriptions grew by 5% and was EUR 18.2 (17.4).
  • ARPU for fixed broadband increased slightly and was EUR 16.5 (16.4).
• ARPU for TV subscriptions increased by 15% and was EUR 9.8 (8.5).
• Number of subscriptions:
  • The number of mobile subscriptions²⁾ increased to 2,758,000 (2,750,000).
  • The number of fixed broadband subscriptions increased to 674,000 (642,000).
  • The number of TV subscriptions decreased to 216,000 (229,000).

Key figures

EUR million	7─12/2023	7─12/2022	Change, %	1─12/2023	1─12/2022	Change, %
Total revenues	554	514	8	1,067	997	7
EBITDA	201	180	12	390	364	7
% of total revenues	36	35		37	37
Depreciation, amortisation and impairment	94	102		190	204
Operating result, EBIT	107	79	36	200	160	25
% of total revenues	19	15		19	16
Net result before tax	97	72	34	183	151	21
Net result for the period	78	58	35	146	120	21
Return on investment (ROI), %	15	12		15	12
Return on equity (ROE), %	22	18		22	17
Capital expenditure	108	96	12	199	167	19
Cash flow after investing activities	73	51	43	163	99	65
Net debt	670	634	6	670	634	6
Net debt/EBITDA	1.7	1.8		1.7	1.7
Net gearing, %	104	96		104	96
Equity ratio, %	37	40		37	40
Earnings per share, basic and diluted, EUR	0.59	0.44		1.11	0.91
Personnel at the end of period	1,718	1,695	1	1,718	1,695	1

CEO’s review

DNA's financial figures for 2023 indicate that our business has developed favourably. DNA exceeded the one billion milestone for full-year total revenues for the first time ever when year-on-year total revenues grew by 7% to EUR 1,067 million (997). EBITDA increased by 7% to EUR 390 million (364), and the operating result rose by 25% to EUR 200 million (160). The number of mobile subscriptions increased on the comparison period and stood at 2,758,000 (2,750,000), while their ARPU increased to EUR 18.2 (17.4). The number of fixed broadband subscriptions increased on the comparison period and stood at 674,000 (642,000), while their ARPU increased to EUR 16.5 (16.4). The number of fixed telephony and TV subscriptions fell as expected.

DNA’s growth as the fixed-network broadband market leader has continued, and demand for 5G services has accelerated. By the spring, DNA had already risen to second place in the Finnish mobile network subscription market. Our success is based on an excellent customer experience in high-quality networks and uncomplicated service at all stages of the customer relationship. In the autumn, DNA took the top spot for customer satisfaction among Finnish mobile operators in the EPSI Rating study. In December, we gave the media a demonstration of the capabilities of forthcoming 5.5G technology – such as download speeds of more than 10 gigabytes. The population coverage of our 5G network stood at 94% by the end of the year.

DNA won the Finnish Quality Award in November. This award is based on a thorough assessment of an organisation's operations by a group of independent experts using the international EFQM model. The assessment team praised our customer-driven approach and the successful implementation of our strategic plan in particular. Our personnel's commitment to DNA's values is reflected in our operations. So the biggest thanks for this award go to DNA personnel, who do top-quality work for our customers every day.

At DNA, we believe that employees are a company's most important asset. Humane leadership and a people-centric working environment enable better engagement, peak performance and creativity. In November, DNA achieved a second place in the People-centric Workplace Community category of Hälsa's HumanPower23 competition. Freedom, responsibility and trust are permanent aspects of DNA’s culture.

However, 2023 was overshadowed by uncertainty both in our market and the world in general. In December, the Bank of Finland announced³⁾ that the Finnish economy was in recession and would not begin to recover until the end of 2024. High inflation eroded consumers' purchasing power during 2023 and the most common reference interest rates remained high, which has in turn led to uncertainty in DNA's economic outlook. However, lower inflation and a potential fall in interest rates will improve household purchasing power, creating opportunities for economic recovery in the medium term.

In the autumn, damage to a gas pipeline and submarine cable was reported in the Baltic Sea. These events reminded us that Finland must be prepared for external sabotage. We must remain fully operational under all circumstances. DNA has engaged in long-term, systematic efforts to safeguard both domestic and international connections. We have several mutually reinforcing sea and land connections and, if necessary, satellite connections. We have also raised preparedness level through technical and administrative means.

Jussi Tolvanen
CEO

Attachment: DNA_Financial_Statements_Bulletin_2023

1. ARPU = Monthly mobile revenues (company’s subscriptions) and traffic revenues + interconnection / average number of subscriptions.
2. Postpaid, prepaid, mobile home phone (“Luuri”) and mobile broadband subscriptions
3. Bank of Finland 19 December 2023: The Finnish economy is in recession with no clear signs of recovery. Available at: https://www.suomenpankki.fi/en/media-and-publications/releases/2023/finlands-economy-is-in-recession-and-the-recovery-will-be-slow/

Additional information:
Jussi Tolvanen, CEO, DNA Plc, tel. +358 44 044 1000, jussi.tolvanen@dna.fi
Timo Kipinoinen, CFO, DNA Plc, tel. +358 44 044 8131, timo.kipinoinen@dna.fi
DNA Corporate Communications, tel. +358 44 044 8000, communications@dna.fi

DNA is one of the leading telecommunications companies in Finland. Our purpose is to connect you to what matters most. We offer connections, services and devices for homes and workplaces, contributing to the digitalisation of society. Already for years, DNA customers have been among the world leaders in mobile data usage. DNA has about 3.6 million subscriptions in its fixed and mobile communications networks. The company has been awarded numerous times as an excellent employer and family-friendly workplace. In 2023, our total revenue was EUR 1,067 million and we employ about 1,700 people around Finland. DNA is a part of Telenor Group, a leading telecommunications company across the Nordics. More information: www.dna.fi, Twitter @DNA_fi, Facebook @DNA.fi and LinkedIn @DNA-Oyj.

Attachment

• DNA_Financial_Statements_Bulletin_2023

DNA PLC STOCK EXCHANGE RELEASE 29 DECEMBER 2023, 11:00 am EET

Telenor Finland Holding Oy, the sole shareholder of DNA Plc, has decided to make the decisions related to the composition of the Board of Directors, which belong to the Extraordinary General Meeting, without holding a General Meeting. The decisions are being made legally in accordance with the Companies Act Chapter 5 Section 1.

It was decided to keep the size of the Board of Directors of DNA Plc at three persons. Jørgen C. Arentz Rostrup will continue as the Chair of the Board. Thomas Thyhold will continue as a Member of the Board. Mette Eistrøm Krüger has been chosen as the new Member of the Board with effect from 1 January 2024.

The decisions are valid from 1 January 2024.

Further information:
DNA Corporate Communications, tel +358 44 044 8000, communications@dna.fi

DNA is one of the leading telecommunications companies in Finland. Our purpose is to connect you to what matters most. We offer connections, services and devices for homes and workplaces, contributing to the digitalisation of society. Already for years, DNA customers have been among the world leaders in mobile data usage. DNA has about 3.6 million subscriptions in its fixed and mobile communications networks. The company has been awarded numerous times as an excellent employer and family-friendly workplace. In 2022, our total revenue was EUR 997 million and we employ about 1,700 people around Finland. DNA is a part of Telenor Group, a leading telecommunications company across the Nordics. More information: www.dna.fi, Twitter @DNA_fi, Facebook @DNA.fi and LinkedIn @DNA-Oyj.

DNA PLC STOCK EXCHANGE RELEASE 22 November 2023, 12:30 pm EET

 
In 2024, DNA will publish its financial statements bulletin, half year financial report and business reviews as follows:

• 7 February 2024: Financial statements bulletin for 2023
• 30 April 2024: January–March 2024 business review only as a press release
• 18 July 2024: Half year (January–June) 2024 financial report
• 30 October 2024: January–September 2024 business review only as a press release

DNA’s electronic annual report, which contains the complete Financial Statements 2023, will be published at the latest during the week starting from 4 March 2024 (week 10/2024).

DNA's Annual General Meeting is planned to be held on 21 March 2024.

Further information:
Timo Kipinoinen, CFO, DNA Plc, tel. +358 (0) 44 044 8131, timo.kipinoinen@dna.fi
DNA Corporate Communications, tel. +358 44 044 8000, communications@dna.fi

DNA is one of the leading telecommunications companies in Finland. Our purpose is to connect you to what matters most. We offer connections, services and devices for homes and workplaces, contributing to the digitalisation of society. Already for years, DNA customers have been among the world leaders in mobile data usage. DNA has about 3.6 million subscriptions in its fixed and mobile communications networks. The company has been awarded numerous times as an excellent employer and family-friendly workplace. In 2022, our total revenue was EUR 997 million and we employ about 1,700 people around Finland. DNA is a part of Telenor Group, a leading telecommunications company across the Nordics. More information: www.dna.fi, X @DNA_fi, Facebook @DNA.fi and LinkedIn @DNA-Oyj.

 

DNA PLC STOCK EXCHANGE RELEASE 20 JULY 2023, 8:30 am EEST

Summary

Unless otherwise stated, the comparison figures in brackets refer to the corresponding period in the previous year (reference period). Figures are unaudited.

January–June 2023

• Total revenues grew 6% and amounted to EUR 513 million (483).
• EBITDA increased 3% and was EUR 189 million (184).
• The operating result increased 13% and totaled EUR 93 million (82).
• Average revenue per user (ARPU)¹⁾:
  • ARPU for mobile communications increased 4% and was EUR 17.8 (17.2).
  • ARPU for fixed-network broadband decreased slightly and was EUR 16.3 (16.5).
  • ARPU for TV subscriptions increased 16% and was EUR 9.5 (8.2).
• Number of subscriptions:
  • The number of mobile subscriptions²⁾ increased and was 2,742,000 (2,719,000).
  • The number of fixed-network broadband subscriptions increased and was 659,000 (625,000).
  • The number of TV subscriptions decreased and was 218,000 (240,000).

Key figures

 

EUR million	1─6/2023	1─6/2022	Change, %	1─12/2022
Net sales	513	483	6	997
EBITDA	189	184	3	364
% of net sales	37	38		37
Depreciation, amortisation and impairment	96	102		204
Operating result, EBIT	93	82	13	160
% of net sales	18	17		16
Net result before tax	86	79	9	151
Net result for the period	68	62	9	120
Return on investment (ROI), %	12	13		12
Return on equity (ROE), %	21	18		17
Capital expenditure	92	71	29	167
Cash flow after investing activities	90	47	91	99
Net debt	625	666	-6	634
Net debt/EBITDA	1.7	1.8		1.7
Net gearing, %	99	106		96
Equity ratio, %	38	40		40
Earnings per share, basic and diluted, EUR	0.51	0.47		0.91
Personnel at the end of period	1,749	1,779	-2	1,695

 

CEO’s review

DNA’s financial figures for January–June 2023 indicate that our business has developed favourably. Our total revenues grew 6% year-on-year and amounted to EUR 513 million (483), EBITDA increased 3% and was EUR 189 million (184) and our operating result increased 13% to EUR 93 million (82). The number of mobile subscriptions increased by 23,000 year-on-year, and their ARPU increased to EUR 17.8 (17.2). The number of fixed-network broadband subscriptions increased by 39,000 on the comparison period, but their ARPU decreased to EUR 16.3 (16.5). The number of fixed telephony and TV subscriptions fell as expected. Inflation also contributed positively to the development of revenues, even though it was not possible to pass the rapid increase of energy and wholesale prices on to the prices of DNA’s services.

DNA’s growth as the fixed-network broadband market leader has continued, and demand for 5G services has further accelerated. Demand has also been driven by our expanding 5G network, which covered almost 90% of the population at the end of June. In the spring, DNA rose to an historic second place in the mobile phone network subscription market, measured by the number of subscriptions. Our long-term success is based on an excellent customer experience in high-quality networks and uncomplicated service at all stages of the customer relationship.

DNA implemented its updated strategy during the first half of the year. We aim to have the most satisfied customers in the market and provide the best possible customer experience. As in previous years, we also aim to achieve faster than average market growth. We will contribute to the development of our society by constructing important network infrastructure, promoting digital inclusion, and connecting Finns to what matters most to them. In early July – that is, immediately after the end of the review period – we announced that DNA had made a significant investment in the domestic production of green energy by signing a ten-year purchase agreement for Finnish wind power. This purchase agreement will help us reach our ambitious net-zero emissions target in accordance with the Science Based Targets framework.

One of our strategic objectives is to be the best place to work and learn. Freedom, responsibility, and trust are a permanent part of our working culture at DNA. Our employees can choose freely where, when and how they work as long as their position allows it. We also focus on supporting coping at work. This is the focus of our new office strategy, which is why we have chosen Ilmalanlinna as the location for DNA’s new head office. These premises in Ilmala, Helsinki have been designed to be inspiring, support wellbeing and encourage collaboration. We will move from Käpylä to Ilmala in summer 2024. Personnel’s wishes have highlighted a need to strengthen our sense of community, and the new office is a step in this direction.

In spite of DNA’s favourable result, it should be noted that the first half of 2023 was still overshadowed by general uncertainty both globally and in the market. According to the Bank of Finland’s June forecast³⁾, the Finnish economy is expected to contract in 2023. High inflation – and the rise of energy prices in particular – combined with higher reference interest rates have eroded consumers’ purchasing power and increased business costs. Although the Bank of Finland expects a slight upswing in the current shallow recession during 2024, the recession may still have an impact on DNA’s business.

Jussi Tolvanen
CEO

Attachment: Half-Year Financial Report 2023, DNA Plc (PDF)

1. ARPU = Monthly mobile revenues (company’s subscriptions) and traffic revenues + interconnection / average number of subscriptions.
2. Postpaid, prepaid, mobile home phone (“Luuri”) and mobile broadband subscriptions
3. Source: Bank of Finland 20 June 2023: Finnish economy to move from shallow recession to moderate growth. Available at: https://www.suomenpankki.fi/en/media-and-publications/releases/2023/shallow-recession-in-finnish-economy-to-be-followed-by-moderate-growth/

Additional information:
Jussi Tolvanen, CEO, DNA Plc, +358 44 044 1000, jussi.tolvanen@dna.fi
Timo Kipinoinen, CFO, DNA Plc, +358 44 044 8131, timo.kipinoinen@dna.fi 
DNA Corporate Communications, tel. +358 44 044 8000, communications@dna.fi

DNA is one of the leading telecommunications companies in Finland. Our purpose is to connect you to what matters most. We offer connections, services and devices for homes and workplaces, contributing to the digitalisation of society. Already for years, DNA customers have been among the world leaders in mobile data usage. DNA has about 3.6 million subscriptions in its fixed and mobile communications networks. The company has been awarded numerous times as an excellent employer and family-friendly workplace. In 2022, our total revenue was EUR 997 million and we employ about 1,700 people around Finland. DNA is a part of Telenor Group, a leading telecommunications company across the Nordics. More information: www.dna.fi, Twitter @DNA_fi, Facebook @DNA.fi and LinkedIn @DNA-Oyj.

Attachment

• DNA H1 2023 EN

DNA PLC STOCK EXCHANGE RELEASE 28 APRIL 2023 11:00 am (EEST)

Timo Kipinoinen, M.Sc. (Econ.), has been appointed DNA’s CFO and Sari Leppänen, PhD, has been appointed DNA’s CIO. Both will also serve as members of DNA’s Executive Team and report to the CEO.

Timo Kipinoinen will take up his position as CFO from the beginning of May 2023. He has served as acting CFO and member of the Executive Team since October 2022. Kipinoinen has worked at DNA since 2019 as Senior Business Controller for the Consumer Business. He also has a long work history at Nordea in various financial management positions.

"Kipinoinen is a long-standing professional with solid financial experience. His people-oriented management style fits perfectly into the work culture of DNA and he has done excellent job as acting CFO over the past six months. It is a pleasure to appoint him on a permanent basis", says DNA’s CEO Jussi Tolvanen.

"I want to thank Jussi and the whole DNA for your trust. It is a great honor to accept the role. During the past months, as acting CFO, I have been able to see and experience the complexity of the role in practice. It has been a very interesting and educational journey. I am particularly impressed with the way that Jussi and the Executive Team work. I am proud of being a DNA employee and I also feel proud of the whole finance department - it's great to be able to continue working with such wonderful colleagues", says Kipinoinen.

Sari Leppänen will take up her position as CIO in August 2023. She is joining DNA from Aktia, where she has also worked as CIO. Leppänen has decades of experience in IT management positions at 3StepIT, Telia and Nokia, among others.

"Leppänen has an impressive track record in IT roles across different industries. She has also excelled academically. I firmly believe that she will be able to take our good IT expertise even further and use technological solutions to enable our entire business to thrive in the future. I am extremely pleased to welcome Leppänen to DNA", says CEO Jussi Tolvanen.

"I started my career in telecoms and mobile technologies almost 30 years ago. Along the way, I have also built expertise in product development, business-oriented IT, digitalization, as well as business and technology transformation across many industries. Now it feels great to get back to my roots in the telecoms sector, with rapidly evolving technology products and digital business - also on the international stage. I bring with me all my accumulated expertise to support the growth of DNA and Telenor. I am looking forward to the coming autumn", says Leppänen.

Until Leppänen starts in her new role, Vesa Savolainen will continue as the acting CIO.

More information:
DNA Corporate Communications, tel. +358 44 044 8000, communications@dna.fi

 

DNA is one of the leading telecommunications companies in Finland. Our purpose is to connect you to what matters most. We offer connections, services and devices for homes and workplaces, contributing to the digitalisation of society. Already for years, DNA customers have been among the world leaders in mobile data usage. DNA has about 3.6 million subscriptions in its fixed and mobile communications networks. The company has been awarded numerous times as an excellent employer and family-friendly workplace. In 2022, our total revenue was EUR 997 million and we employ about 1,700 people around Finland. DNA is a part of Telenor Group, a leading telecommunications company across the Nordics. More information: www.dna.fi, Twitter @DNA_fi, Facebook @DNA.fi and LinkedIn @DNA-Oyj.

Attachments

• Sari_Leppanen
• Timo_Kipinoinen

DNA PLC STOCK EXCHANGE RELEASE 30 MARCH 2023, 11:00 am EEST

DNA Plc's sole shareholder, Telenor Finland Holding Oy, has decided to make decisions belonging to the Annual General Meeting without holding the Annual General Meeting. The decisions have been made legally, in accordance with the Companies Act Chapter 5 Section 1.

It was decided to approve the consolidated financial statements and the parent company's financial statements for the financial period 1 January to 31 December 2022. It was noted that the Board of Directors had proposed to the Annual General Meeting that the company distribute a dividend of EUR 0.76 per share for the financial year 2022. Based on the number of shares on December 31, 2022, a total dividend of EUR 100,458,459.84 will be distributed. The Board had also proposed that the remaining portion of the distributable funds be retained in equity. The Board's proposal to use the distributable funds shown in the balance sheet was approved.

It was resolved to discharge the Board of Directors and the CEO from liability regarding the financial year from 1 January 2022 to 31 December 2022. Discharge applies to the members listed below during the terms of office listed below:

• 1.1.–24.3.2022 Jukka Leinonen (Chair), Birgitte Engebretsen, Gaute Simen Gravir, Nils Katla, Håvard Naustdal and Trine Rønningen. CEO Jussi Tolvanen.
• 24.3.2022–13.9.2022 Jukka Leinonen (Chair), Birgitte Engebretsen, Gaute Simen Gravir, Håvard Naustdal and Trine Rønningen. CEO Jussi Tolvanen.
• 13.9.–31.12.2022 Petter-Børre Furberg (Chair), Birgitte Engebretsen, Gaute Simen Gravir, Håvard Naustdal and Trine Rønningen. CEO Jussi Tolvanen.

It was decided that the number of the Members of the Board of Directors will be three. It was decided to choose Petter-Børre Furberg as the Chair of the Board of Directors and the following people as Members of the Board of Directors: Thomas Thyholdt and Cecilie Heuch. The members of the board are independent of DNA Plc but non-independent of Telenor Group. The Board Members shall not be paid remuneration.

It was resolved to elect Authorised Public Accountants Ernst & Young Oy as the DNA Plc's auditor. APA Mikko Järventausta will act as the Principal Auditor.

More information:
DNA Corporate Communications, tel. +358 44 044 8000, communications@dna.fi 

 

DNA is one of the leading telecommunications companies in Finland. Our purpose is to connect you to what matters most. We offer connections, services and devices for homes and workplaces, contributing to the digitalisation of society. Already for years, DNA customers have been among the world leaders in mobile data usage. DNA has about 3.6 million subscriptions in its fixed and mobile communications networks. The company has been awarded numerous times as an excellent employer and family-friendly workplace. In 2022, our total revenue was EUR 997 million and we employ about 1,700 people around Finland. DNA is a part of Telenor Group, a leading telecommunications company across the Nordics. More information: www.dna.fi, Twitter @DNA_fi, Facebook @DNA.fi and LinkedIn @DNA-Oyj.

 

DNA PLC STOCK EXCHANGE RELEASE 8 MARCH 2023 11:00 am (EET)

The PDF version of DNA’s Annual Report 2022 includes DNA’s Corporate Sustainability Report, Corporate Governance Statement, Board of Directors' Report as well as Financial Statements consisting of the Consolidated Financial Statements and the Parent Company Financial Statements.

The financial statements in the European single electronic reporting format (ESEF) are attached to the Finnish version of this stock exchange release as an XHTML file compressed to ZIP. In accordance with ESEF requirements, the main statements in the consolidated financial statements are marked with XBRL. The audit firm Ernst & Young has provided an independent auditor's assurance report in accordance with ISAE 3000 on the ESEF financial statements prepared by DNA.

The Annual Report (PDF) is available in Finnish and in English on DNA’s website: https://corporate.dna.fi/finance/reports/annual-reports-and-csr-reports

More information:
DNA Corporate Communications, tel. +358 44 044 8000, communications@dna.fi

DNA is one of the leading telecommunications companies in Finland. Our purpose is to connect you to what matters most. We offer connections, services and devices for homes and workplaces, contributing to the digitalisation of society. Already for years, DNA customers have been among the world leaders in mobile data usage. DNA has about 3.6 million subscriptions in its fixed and mobile communications networks. The company has been awarded numerous times as an excellent employer and family-friendly workplace. In 2022, our total revenue was EUR 997 million and we employ about 1,700 people around Finland. DNA is a part of Telenor Group, a leading telecommunications company across the Nordics. More information: www.dna.fi, Twitter @DNA_fi, Facebook @DNA.fi and LinkedIn @DNA-Oyj.

 

Attachment

• DNA_Annual_Report_2022

DNA PLC STOCK EXCHANGE RELEASE 17 FEBRUARY 2023 11:00 am (EET)

Taneli Ropponen, who has served as DNA's acting Chief Information Officer (CIO) and a member of the Executive Team since September 2022, will move to DNA's parent company Telenor’s Nordic organization as VP, Cloud Acceleration, and will therefore leave his position as DNA's acting CIO and a member of the Executive Team.

As of 1 March 2023, Vesa Savolainen, VP, Business Support Systems and Customer Relationship Management, is serving as the acting CIO and a member of the Executive Team.

The recruitment process for a new permanent CIO is still ongoing.

More information:
DNA Corporate Communications, tel. +358 44 044 8000, communications@dna.fi

 

DNA is one of the leading telecommunications companies in Finland. Our purpose is to connect you to what matters most. We offer connections, services and devices for homes and workplaces, contributing to the digitalisation of society. Already for years, DNA customers have been among the world leaders in mobile data usage. DNA has about 3.6 million subscriptions in its fixed and mobile communications networks. The company has been awarded numerous times as an excellent employer and family-friendly workplace. In 2022, our total revenue was EUR 997 million and we employ about 1,700 people around Finland. DNA is a part of Telenor Group, a leading telecommunications company across the Nordics. More information: www.dna.fi, Twitter @DNA_fi, Facebook @DNA.fi and LinkedIn @DNA-Oyj.

DNA PLC, STOCK EXCHANGE RELEASE, 2 FEBRUARY 2023, 8:30 am EET

This is a summary DNA’s Financial Statements Bulletin 2022. The complete report is attached to this release and also available at corporate.dna.fi/general-financial-information.

***

Summary

Unless otherwise stated, the comparison figures in brackets refer to the corresponding period in the previous year (reference period). Figures are unaudited.

Due to delisting of DNA’s share from Nasdaq Helsinki on 3 February 2020, DNA is not subject to reporting obligations as an issuer of shares as set out in the Finnish Securities Markets Act. DNA is still subject to reporting obligations as an issuer of senior unsecured fixed rate notes due 2025 (ISIN: FI4000312095) listed in Nasdaq Helsinki stock exchange.

July–December 2022

• Total revenues increased 7% and amounted to EUR 514 million (480).
• EBITDA increased 3% and was EUR 180 million (175).
• Operating result increased 7% and was EUR 79 million (74).
• Average revenue per user (ARPU)¹⁾:
  • ARPU for mobile communications increased 3% and was EUR 17.5 (17.1).
  • ARPU for fixed broadband decreased 1% and was EUR 16.3 (16.5).
  • ARPU for TV subscriptions increased 15% and was EUR 8.9 (7.8).

January–December 2022

• Total revenues increased 4% and amounted to EUR 997 million (956).
• EBITDA increased 2% and was EUR 364 million (359).
• Operating result increased 4% and was EUR 160 million (154).
• Average revenue per user (ARPU)¹⁾:
  • ARPU for mobile communications increased 2% and was EUR 17.4 (17.1).
  • ARPU for fixed broadband increased slightly and was EUR 16.4 (16.3).
  • ARPU for TV subscriptions increased 14% and was EUR 8.5 (7.5).
• Number of subscriptions:
  • The number of mobile subscriptions²⁾ increased and was 2,750,000 (2,699.000).
  • The number of fixed broadband subscriptions increased and was 642,000 (603,000).
  • The number of TV subscriptions decreased and was 229,000 (262,000).

***

Key figures

EUR million	7─12/2022	7─12/2021	Change, %	1─12/2022	1─12/2021	Change, %
Net sales	514	480	7	997	956	4
EBITDA	180	175	3	364	359	2
% of net sales	35	37		37	38
Depreciation, amortisation and impairment	102	102		204	204
Operating result, EBIT	79	74	7	160	154	4
% of net sales	15	15		16	16
Net result before tax	72	70	4	151	147	3
Net result for the period	58	58	1	120	118	2
Return on investment (ROI), %	12	12		12	12
Return on equity (ROE), %	18	15		17	17
Capital expenditure	96	119	-19	167	191	-12
Cash flow after investing activities	51	102	-50	99	174	-43
Net debt	634	492	29	634	492	29
Net debt/EBITDA	1.8	1.4		1.7	1.4
Net gearing, %	96	64		96	64
Equity ratio, %	40	47		40	47
Earnings per share, basic and diluted, EUR	0.44	0.44		0.91	0.89
Personnel at the end of period	1,695	1,604	6	1,695	1,604	6

***

CEO’s review

Year 2022 will be remembered as a period of great uncertainty in the Finnish operating environment. The war against Ukraine that Russia started in February caused global uncertainty, clouding the economic outlook in Finland as well. Inflation has picked up speed in all of Europe and is biting into consumers’ pur-chasing power also in Finland, and the sharp rise of the most common reference rates continued towards the end of the year. According to the economic forecast published by the Bank of Finland in December³⁾, while economic growth picked up in the early part of 2022, Finnish economy will slide into a mild recession in 2023 as a result of the energy crisis exacerbated by Russia’s war in Ukraine and the surge in the cost of living.

DNA’s January–December figures show that our business has developed steadily. Our total revenues grew 4% year-on-year and amounted to EUR 997 million (956), EBITDA increased 2% and was 364 million (359), and operating result increased 4% to EUR 160 million (154). Exceptionally high price inflation and rising energy prices had a negative impact on DNA’s result. It was not possible to pass the rapid increase of energy and wholesale prices on to the prices of DNA’s services. At the same time, DNA has continued big investments into the construction of its 5G network as well as fibre optic networks and transmission systems.

The number of mobile subscriptions increased by 51,000 year-on-year, and their ARPU increased to EUR 17.4 (17.1). The number of fixed broadband subscriptions increased by 39,000 from the comparison period, and their ARPU increased to EUR 16.4 (16.3). DNA’s growth as the fixed-network market leader has contin-ued, and the demand for 5G services is also accelerating. To date, we have already sold hundreds of thou-sands of 5G subscriptions. Eight of the ten most popular phone models sold by DNA in 2022 were 5G-capable. Demand was also driven by our quickly expanding and fast 5G network, which reached 80% of the population at the end of the year.

We also clarified our strategy in 2022, and as part of that work, redefined our key role in the society as a provider of important communication connections. High-quality connections and devices that are easy to deploy and use, as well as digital skills and inclusion are a necessity for making our consumer and corpo-rate customers’ lives less complicated in the digital world. DNA is responsible for providing network con-nections and services to millions, and we want to do it well. By doing that, we can maintain high customer experience.

While the lifting of the national remote working recommendation in early 2022 increased the utilisation rate of DNA’s offices, it remains far short of pre-pandemic figures. As a rule, our employees can continue to choose freely where and how they work because freedom, responsibility, and trust are a permanent part of the working culture at DNA. Alongside these themes we have placed more emphasis on the im-portance of being a humane place to work, which was one of the most important themes in terms of per-sonnel’s working ability in 2022. As one of the concrete actions to promote a more humane approach, we published our employer promise in June, promising to support every employee to live a humane and one-of-a-kind life. Here at DNA we understand that we can achieve the most satisfied customers and the best possible results only when we look after the well-being of our personnel.

Jussi Tolvanen
CEO

***

1. ARPU = Monthly mobile revenues (company’s subscriptions) and traffic revenues + interconnection / average number of subscriptions.
2. Postpaid, prepaid, mobile home phone (“Luuri”) and mobile broadband subscriptions.
3. Bank of Finland 16 December 2022: Finnish economy set to slide into recession. Available here: https://www.suomenpankki.fi/en/media-and-publications/releases/2022/finnish-economy-set-to-slide-into-recession/

Attachment: Financial Statements Bulletin 2022, DNA Plc (PDF)

***

Media Inquiries:
Jussi Tolvanen, CEO, DNA Plc, +358 44 044 1000, jussi.tolvanen@dna.fi
Timo Kipinoinen, acting CFO, DNA Plc, +358 44 044 8131, timo.kipinoinen@dna.fi
DNA Corporate Communications, tel. +358 44 044 8000, communications@dna.fi

***

DNA is one of the leading telecommunications companies in Finland. We want to make our customers' daily lives less complicated. We offer connections, services and devices for homes and workplaces, contributing to the digitalisation of society. DNA's customers are continuously among the world mobile data usage leaders. DNA has about 3.6 million subscriptions in its fixed and mobile communications networks. The company has been awarded numerous times as an excellent employer and family-friendly workplace. In 2022, our total revenue was EUR 997 million and we employ about 1,700 people around Finland. DNA is a part of Telenor Group, a leading telecommunications company across the Nordics. More information: www.dna.fi, Twitter @DNA_fi, Facebook @DNA.fi and LinkedIn @DNA-Oyj.

Attachment

• DNA_Financial_Statements_Bulletin_2022

DNA PLC STOCK EXCHANGE RELEASE 30 DECEMBER 2022, 10:00 am EET

Telenor Finland Holding Oy, the sole shareholder of DNA Plc, has decided to make the decisions related to the composition of the Board of Directors, which belong to the Extraordinary General Meeting, without holding a separate General Meeting. The decisions have been made legally in accordance with the Companies Act Chapter 5 Section 1.

It was decided that the number of members of the Board of Directors of DNA Plc will be three. Petter-Børre Furberg will continue as the Chair of the Board. Thomas Thyholdt and Cecilie Heuch were chosen as members of the Board.

The decisions will apply from 1 January 2023.

More information:
DNA Corporate Communications, tel. +358 44 044 8000, communications@dna.fi

DNA is one of the leading telecommunications companies in Finland. We want to make our customers' daily lives less complicated. We offer connections, services and devices for homes and workplaces, contributing to the digitalisation of society. DNA's customers are continuously among the world mobile data usage leaders. DNA has about 3.6 million subscriptions in its fixed and mobile communications networks. The company has been awarded numerous times as an excellent employer and family-friendly workplace. In 2021, our total revenue was EUR 956 million and we employ about 1,600 people around Finland. DNA is a part of Telenor Group, a leading telecommunications company across the Nordics. More information: www.dna.fi, Twitter @DNA_fi, Facebook @DNA.fi and LinkedIn @DNA-Oyj.

DNA PLC STOCK EXCHANGE RELEASE 28 NOVEMBER 2022, 11.45 AM EET

Anna-Mari Ylihurula, M.Sc. (Technology), eMBA, has been appointed DNA’s Senior Vice President, Corporate Business, and a member of the Executive Team.

Anna-Mari Ylihurula will start in her new position by August 2023. She moves to DNA from Elisa, where she has had a long career in corporate business management positions, most recently as Vice President, Customer Operations, in Elisa Corporate Customers business.

In her new role, Ylihurula is responsible for DNA's corporate business and its development. She reports to DNA's CEO.

“I am really pleased to have Anna-Mari lead our corporate business. She has very extensive and versatile experience in various duties in the ICT industry, and her expertise will certainly help us develop our services for companies even further. I believe that she fits perfectly into our company culture and at the same time brings a new perspective to our operations. I would like to warmly welcome Anna-Mari to DNA", says DNA’s CEO Jussi Tolvanen.

"I have a long experience in the ICT industry. In my career, I have focused especially on serving business customers. I am looking forward to building a smooth and uncomplicated everyday life for DNA's business customers with the help of digital services and processes together with my new colleagues. I also find it very interesting to get to work with Telenor's various Nordic companies and thereby be part of strengthening DNA's growth also as a provider of international services. I thank for the trust shown in me to take overall responsibility for DNA's corporate business", says Ylihurula.

Until Ylihurula starts in her new role, Pekka Väisänen, DNA’s SVP, Consumer Business, will work as the acting SVP, Corporate Business, in addition to his other duties.

Further information:
CEO Jussi Tolvanen, DNA Plc, tel: +358 44 044 1000, jussi.tolvanen@dna.fi
DNA Corporate Communications, tel +358 44 044 8000, communications@dna.fi

Attachment: Image of Anna-Mari Ylihurula

DNA is one of the leading telecommunications companies in Finland. We want to make our customers' daily lives less complicated. We offer connections, services and devices for homes and workplaces, contributing to the digitalisation of society. DNA's customers are continuously among the world mobile data usage leaders. DNA has about 3.6 million subscriptions in its fixed and mobile communications networks. The company has been awarded numerous times as an excellent employer and family-friendly workplace. In 2021, our total revenue was EUR 956 million and we employ about 1,600 people around Finland. DNA is a part of Telenor Group, a leading telecommunications company across the Nordics. More information: www.dna.fi, Twitter @DNA_fi, Facebook @DNA.fi and LinkedIn @DNA-Oyj.

 

Attachment

• Anna-Mari Ylihurula

DNA PLC STOCK EXCHANGE RELEASE 16 November 2022, 10:00 am EET

In 2023, DNA will publish its financial statements, semi-annual report and business reviews sent as press releases as follows:

• 2 February 2023: Financial statements bulletin for 2022
• 4 May 2023: January–March 2023 business review as a press release
• 20 July 2023: Half year (January–June) 2023 financial report
• 25 October 2023: January–September 2023 business review as a press release

DNA’s electronic annual report, which contains the complete Financial Statements 2022, will be published at the latest during the week starting from 6 March 2023 (week 10/2023).

DNA's Annual General Meeting is planned to be held on 30 March 2023.

Further information:
Timo Kipinoinen, CFO (acting), DNA Plc, tel. +358 (0) 44 044 8131, timo.kipinoinen@dna.fi
DNA Corporate Communications, tel. +358 44 044 8000, communications@dna.fi

DNA PLC STOCK EXCHANGE RELEASE 25 OCTOBER 2022 14:00 (EEST)

DNA’s CFO and a member of the DNA's Executive Team Maria Strömberg has decided to leave her current position. Timo Kipinoinen, who until now has worked as Senior Business Controller, Consumer Business, will act as DNA’s acting CFO and a member of the Executive Team from 26 October onwards.

M.Sc. (Econ) Timo Kipinoinen has worked at DNA since 2019. Before that he worked at Nordea for a long period in many varied financial management duties.

Maria Strömberg has worked at DNA since 2007 and in her current post since the beginning of 2021. She will continue to work at DNA in other duties after first taking three months off.

DNA will commence a search for a new CFO during the rest of this year.

Further information:
CEO Jussi Tolvanen. tel: +358 44 044 1000, jussi.tolvanen@dna.fi
DNA Corporate Communications, tel +358 44 044 8000, communications@dna.fi

DNA PLC STOCK EXCHANGE RELEASE 29 SEPTEMBER 2022 13:00 pm (EEST)

Janne Aalto, who has been DNA's CIO and a member of the Executive Team since 2014, has moved to DNA's parent company Telenor’s Nordic organization as CIO in September and is therefore leaving his position as DNA's CIO.

The search for a new CIO begins immediately.

For the time being, Taneli Ropponen, who has worked as the head of DNA's ERP, Integrations and IT Production, is serving as the acting CIO and a member of the Executive Team.

More information:
DNA Corporate Communications, tel. +358 44 044 8000, communications@dna.fi

DNA is one of the leading telecommunications companies in Finland. We want to make our customers' daily lives less complicated. We offer connections, services and devices for homes and workplaces, contributing to the digitalisation of society. DNA's customers are continuously among the world mobile data usage leaders. DNA has about 3.6 million subscriptions in its fixed and mobile communications networks. The company has been awarded numerous times as an excellent employer and family-friendly workplace. In 2021, our total revenue was EUR 956 million and we employ about 1,600 people around Finland. DNA is a part of Telenor Group, a leading telecommunications company across the Nordics. More information: www.dna.fi, Twitter @DNA_fi, Facebook @DNA.fi and LinkedIn @DNA-Oyj.

 

DNA PLC STOCK EXCHANGE RELEASE 15 SEPTEMBER 2022, 11:00 am EEST

Olli Sirkka, Senior Vice President, Corporate Business, DNA, and a member of the Executive Team, is leaving the company on 16 September.

The search for a new SVP, Corporate Business will start immediately. Until a new appointment has been made, Senior Vice President, Consumer Business Pekka Väisänen will fulfil the role in addition to his own duties.

"Demonstrating a great capacity for cooperation, Olli Sirkka has overseen the renewal of our operating models and turned the business on to a profitable growth path. I would like to thank Olli for his contribution to DNA’s success and wish him all the best in his future endeavours", says Jussi Tolvanen, CEO, DNA.

Additional information:
DNA Corporate Communications, tel. +358 44 044 8000, communications@dna.fi

 

DNA PLC STOCK EXCHANGE RELEASE 13 SEPTEMBER 2022, 10:00 am EEST
 

The Chair of DNA Plc’s Board of Directors changes. Jukka Leinonen will leave his position in the company’s Board of Directors on 13 September 2022.  DNA's sole shareowner has decided on 13 September 2022 to choose Petter-Børre Furberg as the new Chair of the Board of Directors without holding an Extraordinary General Meeting.

Jukka Leinonen retired from his post as the Head of Telenor Group’s Nordics operations (EVP Nordic Cluster) on 30 June 2022 but until now he has continued as the Chair of DNA’s Board of Directors.

“I thank Jukka for his fantastic work for DNA. His contribution over the years has been remarkable, first as the leader of the company’s corporate business, then as a long-term CEO and for the past year as the Chair of the Board of Directors. During his tenure DNA has grown into a strong, successful company a particular strength of which is a working culture based on trust and freedom. During the last years DNA has grown its market share as a provider of mobile communications services and risen to be the market leader in fixed broadband services with an annual turnover of nearly a billion euros”, comments DNA’s CEO Jussi Tolvanen.

Petter-Børre Furberg, who until now has been leading Telenor Norway’s operations, has been nominated as the new Head of Telenor Nordics. As a part of his new role, he will take over the position as the Chair of DNA’s Board of Directors.

Further information:
DNA Corporate Communications, tel +358 44 044 8000, communications@dna.fi

DNA PLC STOCK EXCHANGE RELEASE 19 JULY 2022, 8:30 am EEST

 

Summary

Unless otherwise stated, the comparison figures in brackets refer to the corresponding period in the previous year (reference period). Figures are unaudited.

January–June 2022

• Total revenues grew 1% and amounted to EUR 483 million (476).
• EBITDA remained stable and was EUR 184 million (183).
• Operating result increased 1% and was EUR 82 million (81).
• Average revenue per user (ARPU)¹⁾:
  • ARPU for mobile communications grew 1% and was EUR 17.2 (17.0).
  • ARPU for fixed broadband grew 2% and was EUR 16.5 (16.1).
  • ARPU for TV subscriptions grew 13% and was EUR 8.2 (7.2).
• Number of subscriptions:
  • The number of mobile subscriptions²⁾ increased and was 2,719,000 (2,695,000).
  • The number of fixed broadband subscriptions increased and came to 625,000 (595,000).
  • The number of TV subscriptions decreased and came to 240,000 (275,000).

 

Key figures

EUR million	1─6/2022	1─6/2021	Change, %	1─12/2021
Total revenues	483	476	1	956
EBITDA	184	183	0	359
% of total revenues	38	38		38
Depreciation, amortisation and impairment	102	102		204
Operating result, EBIT	82	81	1	154
% of total revenues	17	17		16
Net result before tax	79	77	2	147
Net result for the period	62	60	4	118
Return on investment (ROI), %	13	12		12
Return on equity (ROE), %	18	17		17
Capital expenditure	71	72	-2	191
Cash flow after investing activities	47	72	-35	174
Net debt	666	577	15	492
Net debt/EBITDA	1.8	1.6		1.4
Net gearing, %	106	80		64
Equity ratio, %	40	46		47
Earnings per share, basic and diluted, EUR	0.47	0.45		0.89
Personnel at the end of period	1,779	1,662	7	1,604

CEO’s review

At the end of the first half of 2022, the operating environment had become more unstable. Russia’s war against Ukraine has caused global uncertainty since February, clouding the economic outlook in Finland as well. Inflation has picked up speed and is already biting into consumers’ purchasing power, and the most common loan reference rates have started rising steeply. In June, the Bank of Finland estimated that the war in Ukraine will slow down economic growth in Finland, weaken the outlook and increase uncertainty in the global economy. All of this may also impact DNA’s economic outlook.

DNA’s financial key figures for January–June 2022 indicate that our business has nevertheless continued to develop steadily. Total revenues grew 1% year-on-year and amounted to EUR 483 million (476), EBITDA remained stable and was EUR 184 million (183) and operating result was up 1% to EUR 82 million (81). The slowdown in growth is attributable to a year-on-year rise in the costs of sales, 5G construction, Group services and energy.

The number of mobile subscriptions increased by 24,000 year-on-year, and their ARPU increased to EUR 17.2 (17.0). The number of fixed broadband subscriptions increased by 30,000 from the comparison period, and their ARPU rose to EUR 16.5 (16.1). DNA has continued to grow as the fixed-network market leader.

Demand for 5G services remained strong. During the first half of the year, almost 80% of all the phones sold by DNA were already 5G-capable, as compared to just over 50% in January–June 2021. Demand was also driven by our expanding 5G network, which reached as much as 70% of the population at the end of the period. The significant boost to mobile data speeds made possible by 5G was clearly visible in the measurement Omnitele³⁾ published in April. In some cases, download speeds in DNA’s mobile network have increased by tenfold over the past four years.

Finland ended almost all of its coronavirus restrictions in January–June. The lifting of the national remote working recommendation in the early part of the year has increased the utilisation rate of DNA’s offices as well, even though it remains far short of pre-pandemic figures. Going forward, DNA’s employees can continue to choose freely where and how they work, and in the spring and early summer they typically visited the office only 0 to 2 times a week. DNA has found that giving employees the freedom to choose how and where they work yields high productivity and greater job satisfaction. In the near future, DNA intends to increase and enhance work flexibility even further.

Jussi Tolvanen
CEO

Attachment: Half-Year Financial Report, DNA Plc (PDF)

1)   ARPU = Monthly mobile revenues (company’s subscriptions) and traffic revenues + interconnection / average number of subscriptions.
2)   Postpaid, prepaid, mobile home phone (“Luuri”) and mobile broadband subscriptions.
3)   Omnitele’s study on mobile download speeds, 3/2022. The measurements were carried out in 11 regions, covering 19 cities: Helsinki, Espoo, Kauniainen, Vantaa, Kerava, Tuusula, Järvenpää, Turku, Raisio, Naantali, Kaarina, Tampere, Pirkkala, Nokia, Ylöjärvi, Kangasala, Jyväskylä, Lahti and Pori. The data transfer speeds varied between areas. The results are presented as averages for each area. The data transfer speeds and ranking of the operators also varied between locations within each area. Further information in Finnish: https://corporate.dna.fi/lehdistotiedotteet?type=stt2&id=69937838

Additional information:

Jussi Tolvanen, CEO, DNA Plc, +358 44 044 1000, jussi.tolvanen@dna.fi
Maria Strömberg, CFO, DNA Plc, +358 44 044 3720, maria.stromberg@dna.fi
DNA Corporate Communications, +358 44 044 8000, communications@dna.fi

DNA is one of the leading telecommunications companies in Finland. We want to make our customers' daily lives less complicated. We offer connections, services and devices for homes and workplaces, contributing to the digitalisation of society. DNA's customers are continuously among the world mobile data usage leaders. DNA has about 3.6 million subscriptions in its fixed and mobile communications networks. The company has been awarded numerous times as an excellent employer and family-friendly workplace. In 2021, our total revenue was EUR 956 million and we employ about 1,600 people around Finland. DNA is a part of Telenor Group, a leading telecommunications company across the Nordics. More information: www.dna.fi, Twitter @DNA_fi, Facebook @DNA.fi and LinkedIn @DNA-Oyj.

 

Attachment

• DNA_Half-Year_Financial_Report_2022

DNA PLC STOCK EXCHANGE RELEASE 24 MARCH 2022, 10:30 am EET

DNA Plc's sole shareholder, Telenor Finland Holding Oy, has decided to make decisions belonging to the Annual General Meeting without holding the Annual General Meeting. The decisions have been made legally, in accordance with the Companies Act Chapter 5 Section 1.

It was decided to approve the consolidated financial statements and the parent company's financial statements for the financial period 1 January to 31 December 2021. It was noted that the Board of Directors had proposed to the Annual General Meeting that the company distribute a dividend of EUR 1.52 per share for the financial year 2021. Based on the number of shares on December 31, 2021, a total dividend of EUR 200,916,919.68 will be distributed. The Board had also proposed that the remaining portion of the distributable funds be retained in equity. The Board's proposal to use the distributable funds shown in the balance sheet was approved.

It was resolved to discharge the Board of Directors and the CEO from liability regarding the financial year from 1 January 2021 to 31 December 2021. Discharge applies to the members listed below during the terms of office listed below:

• 1.1.–26.3.2021 Jørgen C. Arentz Rostrup (chair), Fredric Scott Brown, Nils Katla, Tero Ojanperä, Anni Ronkainen, Kirsi Sormunen ja Ulrika Steg. CEO Jukka Leinonen. 
• 26.3.–11.10.2021 Sigve Brekke (chair), Birgitte Engebretsen, Gaute Simen Gravir, Nils Katla, Håvard Naustdal ja Trine Rønningen. CEO Jukka Leinonen. 
• 11.10.–31.12.2021 Jukka Leinonen (chair), Birgitte Engebretsen, Gaute Simen Gravir, Nils Katla, Håvard Naustdal, Trine Rønningen. CEO Jussi Tolvanen. 

It was decided that the number of the Members of the Board of Directors will be five. It was decided to choose Jukka Leinonen as the Chair of the Board of Directors and the following people as Members of the Board of Directors: Birgitte Engebretsen, Gaute Simen Gravir, Håvard Naustdal and Trine Rønningen. The members of the board are independent of the company but non-independent of Telenor Group. The Board Members shall not be paid remuneration.

Authorised Public Accountants Ernst & Young was chosen as the company’s auditor. APA Terhi Mäkinen will act as the principal auditor.

More information:
DNA Corporate Communications, tel. +358 44 044 8000, communications@dna.fi

DNA is one of the leading telecommunications companies in Finland. We want to make our customers' daily lives less complicated. We offer connections, services and devices for homes and workplaces, contributing to the digitalisation of society. DNA's customers are continuously among the world mobile data usage leaders. DNA has about 3.6 million subscriptions in its fixed and mobile communications networks. The company has been awarded numerous times as an excellent employer and family-friendly workplace. In 2021, our total revenue was EUR 956 million and we employ about 1,600 people around Finland. DNA is a part of Telenor Group, a leading telecommunications company across the Nordics. More information: www.dna.fi, Twitter @DNA_fi, Facebook @DNA.fi and LinkedIn @DNA-Oyj.

DNA PLC STOCK EXCHANGE RELEASE 8 MARCH 2022 11:00 AM EET

The PDF version of the annual report includes DNA’s Corporate Sustainability Report, Corporate Governance Statement, Board of Directors' Report as well as Financial Statements consisting of the Consolidated Financial Statements and the Parent Company Financial Statements. 

The financial statements in the European single electronic reporting format (ESEF) are attached to the Finnish version of this stock exchange release as an XHTML file compressed to ZIP. In accordance with ESEF requirements, the main statements in the consolidated financial statements are marked with XBRL. The audit firm Ernst & Young has provided an independent auditor's assurance report in accordance with ISAE 3000 on the ESEF financial statements prepared by DNA. 

The Annual Report (PDF) is available in Finnish and English on DNA’s website: https://corporate.dna.fi/finance/reports/annual-reports-and-csr-reports 

Additional information:
DNA Corporate Communications, tel. +358 (0)44 044 8000, communications@dna.fi 

Attachment

• DNA_annual_report_2021

DNA PLC STOCK EXCHANGE RELEASE 3 MARCH 2022, 11:00 EET

Bjørn Taale Sandberg, 57 has been named DNA Plc’s Chief Strategy Officer (CSO) and a member of the Executive Team. He will start in his new position on 1 April 2022.

Sandberg is taking up the post after acting as the SVP, Head of Research of DNA’s parent company Telenor ASA. Sandberg holds master’s degrees in Computer Science and Management. Sandberg has been with Telenor since 2000 and has held senior director positions in the Group and other Telenor operating companies.

In his new role, Sandberg will work closely with DNA’s CEO and as an internal key advisor to the Executive Team. The key role of DNA’s CSO includes the maintenance, implementation and development of DNA's strategy and also corporate advocacy duties.

Sandberg reports to the CEO of DNA. He succeeds Christoffer von Schantz, who took over as a Vice President of DNA’s broadband and TV business late last year.

“Bjørn Taale has really extensive experience from the industry in terms of business management, strategy, technology and future research. He also has an excellent attitude and a desire to constantly develop. I believe that Bjørn Taale will bring new kind of expertise and insight to the management team, which will help DNA to remain successful also in the future”, says DNA’s CEO Jussi Tolvanen.

“I am very flattered and happy to be chosen for the demanding role of CSO and really happy to be joining DNA. The Telecommunications industry is more important to the growth and development of society than ever and DNA has the people and position to be a key contributor in the years to come”, says Bjørn Taale Sandberg.

Attachment: Photo of Bjørn Taale Sandberg

Further information:
Jussi Tolvanen, CEO, DNA Plc, +358 44 044 1000, jussi.tolvanen@dna.fi
DNA Corporate Communications, tel. +358 44 044 8000, communications@dna.fi

DNA is one of the leading telecommunications companies in Finland. We want to make our customers' daily lives less complicated. We offer connections, services and devices for homes and workplaces, contributing to the digitalisation of society. DNA's customers are continuously among the world mobile data usage leaders. DNA has about 3.6 million subscriptions in its fixed and mobile communications networks. The company has been awarded numerous times as an excellent employer and family-friendly workplace. In 2021, our total revenue was EUR 956 million and we employ about 1,600 people around Finland. DNA is a part of Telenor Group, a leading telecommunications company across the Nordics. More information: www.dna.fi, Twitter @DNA_fi, Facebook @DNA.fi and LinkedIn @DNA-Oyj.

Attachment

• Bjørn Taale Sandberg

 DNA PLC STOCK EXCHANGE RELEASE 2 FEBRUARY 2022, 8:30 AM EET

This is a summary DNA’s Financial Statements Bulletin 2021. The complete report is attached to this release and also available at corporate.dna.fi/general-financial-information.

Summary

Unless otherwise stated, the comparison figures in brackets refer to the corresponding period in the previous year (reference period). Figures are unaudited.

Due to delisting of DNA’s share from Nasdaq Helsinki on 3 February 2020, DNA is not subject to reporting obligations as an issuer of shares as set out in the Finnish Securities Markets Act. DNA is still subject to reporting obligations as an issuer of senior unsecured fixed rate notes due 2025 (ISIN: FI4000312095) listed in Nasdaq Helsinki stock exchange.

July–December 2021

• Total revenues increased 1% and amounted to EUR 480 million (476).
• Mobile revenues increased 3% and amounted to EUR 284 million (276).
• EBITDA increased 3% and was EUR 175 million (171).
• Operating result decreased 3% and was EUR 74 million (76).
• Average revenue per user (ARPU)¹⁾ for mobile communications increased 2% and was EUR 17.1 (16.7).

January–December 2021

• Total revenues increased 3% and amounted to EUR 956 million (932).
• Mobile revenues increased 2% and amounted to EUR 565 million (552).
• EBITDA increased 8% and was EUR 359 million (333).
• Operating result increased 2% and was EUR 154 million (151).
• Average revenue per user (ARPU)¹⁾ for mobile communications increased 2% and was EUR 17.1 (16.8).
• The number of mobile subscriptions²⁾ increased and was 2,699,000 (2,694,000).
• The number of fixed subscriptions³⁾ decreased to 892,000 (900,000).
  • The number of fixed broadband subscriptions increased by 19,000.

Key figures

The calculation method of the key figures presented in this table differs from that of DNA’s previous key figures. The figures in this table are presented the same way as the figures published by DNA’s parent company Telenor ASA. The main changes concern the reclassification of spectrum acquisitions from intangible assets to right-of-use assets and the corresponding reclassification of spectrum license liabilities from non-interest-bearing to interest-bearing borrowings, which has an impact on the presentation of net debt and cash flows. In addition, some receivables have been reclassified from non-current to current items, and certain items reclassified from current to non-current receivables. Figures for the reference periods have been adjusted accordingly.

EUR million	7–12/2021	7–12/2020	Change, %	1–12/2021	1–12/2020	Change, %
Total revenues 4)	480	476	1	956	932	3
EBITDA 4) 5)	175	171	3	359	333	8
% of total revenues	37	36		38	36
Depreciation, amortisation and impairments	102	96		204	181
Operating result	74	76	–3	154	151	2
% of total revenues	15	16		16	16
Net result before tax	70	72	–2	147	143	3
Net result for the period	58	59	–2	118	115	3
Return on investment (ROI), %	12	12		12	12
Return on equity (ROE), %	15	18		17	19
Capital expenditure 6)	119	250	–53	191	308	–38
Cash flow after investing activities	102	69	47	174	105	65
Net debt	492	619	–21	492	619	–21
Net debt/EBITDA	1.4	1.8		1.4	1.9
Net gearing, %	64	94		64	94
Equity ratio, %	47	41		47	41
Earnings per share, basic and diluted, EUR	0.44	0.45		0.89	0.87
Personnel at the end of period	1,604	1,609	0	1,604	1,609	0

***
 

CEO’s review

Having taken the helm of DNA last autumn, I am happy to have the opportunity to discuss positive and stable growth figures for the whole of 2021. The positive development also signals the critical role DNA plays in the Finnish society as a service provider and enabler of success. The prolonged pandemic has underpinned the importance of our role in a society, which would have come to a halt without secure modern network connections and cloud- based communications solutions.

Our total revenues increased by 3% and amounted to EUR 956 million (932) in 2021. Our mobile revenues were also up by 2% and amounted to EUR 565 million (552). DNA’s EBITDA developed well in 2021, growing 8% to EUR 359 million (333). Our operating result also increased and amounted to EUR 154 million (151), up 2% from 2020.

Our mobile communication subscription base increased by 5,000. At the same time, our average revenue per user (ARPU) increased to EUR 17.1 (16.8). The total number of fixed subscriptions decreased by 9,000. While the number of fixed voice and TV subscriptions decreased, the number of fixed broadband subscription grew by 19,000. As a result of the growth, we announced in May that DNA had become the leader of the fixed-network broadband market, and the lead has since increased⁷⁾.

Sales of 5G subscriptions gained clear momentum during 2021. This was reflected in the sales of 5G phones, which increased four-fold. This development was driven by the quick construction of our 5G network, which reached approximately 3.5 million Finns at the end of the year. This means that the population coverage almost doubled within a space of a year. DNA’s mobile subscription achieved the highest average mobile download speed measured by Omnitele⁸⁾ in twelve cities in the Helsinki metropolitan area, the Turku region, and the Tampere region in October– November 2021.

Due to the long-running exceptional circumstances and our responsibility for critical functions in the society, we have developed our own operations further, which is also reflected in our financial success. However, the positive development we have experienced during the exceptional circumstances is not limited to our key figures – we also run our business in a more responsible way, have enhanced our customer experience and are an even more flexible employer. A business cannot succeed without its personnel; individuals who have the skills, motivation, and ability to create value for customers. With skilled personnel, we can maintain our high level of customer satisfaction now and in the future, which will have a positive impact on our sales, total revenues, and operating result.

With the emergence of the new COVID-19 variant towards the end of 2021, most of our personnel went back to full remote working mode. While this is an unfortunate situation, year 2022 marks the 10-year anniversary of the introduction of DNA’s flexible method of working. With such long-running experience in remote working, DNA is well placed to run its business as usual during these exceptional circumstances. Furthermore, we want to demonstrate that a flexible working method makes sense also during more normal times. At DNA, employees will be able to choose freely where and how they will work – now and in the future.

Jussi Tolvanen
CEO

***

1) ARPU = Monthly mobile revenues (company’s subscriptions) and traffic revenues + interconnection / average number of subscriptions
2) Postpaid, prepaid, mobile home phone (“Luuri”) and mobile broadband subscriptions.
3) Voice, broadband, pay-TV and DNA TV subscriptions.
4) Total revenues and EBITDA before other income and expenses differ from those previously reported for 2020 due to the transition to Telenor's reporting method. This is a classification difference of EUR 2 million in the whole of 2020.
5) DNA reassessed the duration of short-term leases in the autumn of 2020 based on the new owner and new long-term forecast. The effect of the reassessment on EBITDA was EUR 4 million in 7–12/2021 and EUR 15 million in the whole of 2021.
6) Capex no longer includes frequency payments. In the future, DNA reports the acquisition cost of a new frequency as an investment at the time of acquisition.
7) Source: Fixed broadband subscriptions reported in the interim reports of the largest broadband operators in Finland, Q1/2021 (DNA: 591,000, Elisa 567,000 and Telia 470,000) and Q3/2021 (DNA: 601,000, Elisa: 562,000 and Telia 472,000).
8) Source: Omnitele’s study on data transfer speeds in mobile networks, 11/2021. The study was carried out in the following twelve cities in Finland: Helsinki, Espoo, Vantaa, Turku, Naantali, Raisio, Kaarina, Tampere, Pirkkala, Nokia, Ylöjärvi and Kangasala. DNA’s mobile subscription reached the highest average download speed in all of them. The results are presented as averages for each area. The data transfer speeds and ranking of the operators varied between locations within each area. The study was carried out with the operators’ fastest 5G consumer subscriptions and smartphones with 5G. The full report (in Finnish) is available at: https://www.dna.fi/documents/753910/5166098/mobiiliverkkojen_tiedonsiirtonopeuksien_vertailu+2021.pdf/a0ecaf02-b0d0-75a9-e234-c339de7f19d2

***

Additional information:
Jussi Tolvanen, CEO, DNA Plc, +358 44 044 1000, jussi.tolvanen@dna.fi
Maria Strömberg, CFO, DNA Plc, +358 44 044 3270, maria.stromberg@dna.fi
DNA Corporate Communications, tel. +358 (0)44 044 8000, communications@dna.fi

***

DNA is one of the leading telecommunications companies in Finland. We want to make our customers' daily lives less complicated. We offer connections, services and devices for homes and workplaces, contributing to the digitalisation of society. DNA's customers are continuously among the world mobile data usage leaders. DNA has about 3.6 million subscriptions in its fixed and mobile communications networks. The company has been awarded numerous times as an excellent employer and family-friendly workplace. In 2021, our total revenue was EUR 956 million and we employ about 1,600 people around Finland. DNA is a part of Telenor Group, a leading telecommunications company across the Nordics. More information: www.dna.fi, Twitter @DNA_fi, Facebook @DNA.fi and LinkedIn @DNA-Oyj.

Attachment

• DNA_Financial_Statements_Bulletin_2021

DNA PLC STOCK EXCHANGE RELEASE 30 November 2021, 10:00 am EET

In 2022, DNA will publish its financial statements, semi-annual report and business reviews sent as press releases as follows:

• 2 February 2022: Financial statements bulletin for 2021
• 3 May 2022: January-March 2022 business review as press release
• 19 July 2022: Half year (January-June) 2022 financial report
• 26 October 2022: January-September 2022 business review as press release 

DNA’s electronic annual report, which contains the complete Financial Statements 2021, will be published at the latest during the week starting from 7 March 2022 (week 10/2022).

DNA's Annual General Meeting is planned to be held on 24 March 2022.

Further information:
Maria Strömberg, CFO, DNA Plc, tel. +358 (0)44 044 3270, maria.stromberg@dna.fi
DNA Corporate Communications, tel. +358 44 044 8000, communications@dna.fi

DNA PLC STOCK EXCHANGE RELEASE* 12 NOVEMBER 2021 AT 10:00 am (EET)

Christoffer von Schantz (MSc. Tech), who is currently Senior Vice President, Strategy and a member of DNA’s Executive Team, has been appointed Vice President of DNA’s broadband and TV business starting from 22 November 2021. He will leave the Executive Team by the end of the year.

Christoffer von Schantz has been DNA’s SVP, Strategy since 2013. In his new position as the VP, broadband and TV business, he will report to Pekka Väisänen, SVP, Consumer Business.

The search for a new SVP, Strategy will begin immediately.

“It’s amazing to get an experienced strategy expert with a long career at DNA to head our broadband and TV business. Christoffer has profound expertise in the market, and we’ve engaged in seamless cooperation over the years. We became the market leader in the fixed broadband business this year, and our high-speed broadband services form an increasingly important part of smooth everyday life in Finland. Christoffer is the ideal choice to lead this package,” says Pekka Väisänen.

“During the eight years I spent as DNA’s SVP of strategy, I’ve been able to drive a number of interesting projects forward, including numerous mergers and acquisitions. This is a great opportunity for me to try something new, and I’m grateful for the confidence DNA has shown in me. I’m thrilled to be in charge of this business, and am really keen to begin enhancing our broadband and TV services with my DNA colleagues and our partners and customers,” says Christoffer von Schantz.

Further information for the media:
DNA Corporate Communications, tel. +358 (0) 44 044 8000, communications@dna.fi

*Due to delisting of DNA’s share from Nasdaq Helsinki on 3 February 2020, DNA is not subject to reporting obligations as an issuer of shares as set out in the Finnish Securities Markets Act. DNA is still subject to reporting obligations as an issuer of senior unsecured fixed rate notes due in 2025 (ISIN: FI4000312095) listed in Nasdaq Helsinki stock exchange.

DNA is one of the leading telecommunications companies in Finland. We want to make our customers’ lives less complicated. We offer connections, services and devices for homes and workplaces, contributing to the digitalisation of society. DNA’s customers are consistently among the world’s top users in mobile data. DNA has approximately 3.6 million subscriptions in its fixed and mobile communications networks. The company has been awarded numerous times as an excellent employer and family-friendly workplace. In 2020, our net sales were EUR 934 million and we employ about 1600 people around Finland. DNA is a part of Telenor Group, a leading telecommunications company across the Nordics.  For more information, visit www.dna.fi or follow us on Twitter @DNA_fi, Facebook @DNA.fi and LinkedIn @DNA-Oyj.

 

DNA PLC STOCK EXCHANGE RELEASE 11 OCTOBER 2021, 10:15 am EEST

DNA's Extraordinary General Meeting held on Monday, October 11, 2021, decided to elect the following persons as members of the Board of Directors: Jukka Leinonen, Birgitte Engebretsen, Gaute Simen Gravir, Nils Katla, Håvard Naustdal and Trine Rønningen.

Jukka Leinonen was elected Chair of the Board of Directors.

Additional information:
DNA’s Corporate Communications, tel. +358 44 044 8000, communications@dna.fi

DNA is one of the leading telecommunications companies in Finland. We want to make our customers’ lives less complicated. We offer connections, services and devices for homes and workplaces, contributing to the digitalisation of society. DNA’s customers are consistently among the world’s top users in mobile data. DNA has approximately 3.6 million subscriptions in its fixed and mobile communications networks. The company has been awarded numerous times as an excellent employer and family-friendly workplace. In 2020, our net sales were EUR 934 million and we employ about 1600 people around Finland. DNA is a part of Telenor Group, a leading telecommunications company across the Nordics.  For more information, visit www.dna.fi or follow us on Twitter @DNA_fi, Facebook @DNA.fi and LinkedIn @DNA-Oyj.

 

DNA PLC STOCK EXCHANGE RELEASE 3 SEPTEMBER 2021, 1:00 pm EEST

Jussi Tolvanen, M.Sc. (Econ), has been appointed CEO of DNA Plc. The company’s current CEO Jukka Leinonen will move to head fulltime Telenor Group's Nordic Cluster.

Jussi Tolvanen (b. 1978) will start in his new position as DNA’s CEO on 11 October. He currently works as Managing Director at Microsoft Oy. Prior to his current position, he has worked, among other things, as CEO at Avanade Finland and in various management positions at Fujitsu and Hewlett-Packard.

In the same connection, DNA’s current CEO Jukka Leinonen will move to head fulltime Telenor Group’s Nordic Cluster. He will simultaneously become Chairman of DNA’s Board of Directors as part of his role as EVP Head of Nordics at Telenor.

“It’s truly great to have Jussi continue my work as CEO of DNA. His approach to business is extremely customer- and human-oriented, which fits perfectly into DNA’s mindset and culture. In addition, he has extensive experience from IT and the corporate markets, which strengthens our expertise even further. I believe he’s just the right person to take DNA forward. I have had an incredible journey leading DNA — this company has been a pleasure to run,” says CEO Jukka Leinonen, DNA.

“It’s a joy and an honour to join the DNA team. The company is a forerunner in bringing new services and solutions to Finnish consumers and companies. I would like to thank Jukka and the entire DNA team for their excellent work and results. DNA’s values and corporate culture are the same as my own, and I believe that we have a significant opportunity to grow and develop together,” Jussi Tolvanen says.

Additional information:
Jukka Leinonen, CEO, DNA Plc, tel. +358 44 044 1000, jukka.leinonen@dna.fi
Jussi Tolvanen, future CEO of DNA (contact via DNA’s Corporate Communications, tel. +358 44 044 8000, communications@dna.fi)

Stock exchange release from March regarding Jukka Leinonen’s transition to a new position.

Attachment: Photo of Jussi Tolvanen

DNA is one of the leading telecommunications companies in Finland. We want to make our customers’ lives less complicated. We offer connections, services and devices for homes and workplaces, contributing to the digitalisation of society. DNA’s customers are consistently among the world’s top users in mobile data. DNA has approximately 3.6 million subscriptions in its fixed and mobile communications networks. The company has been awarded numerous times as an excellent employer and family-friendly workplace. In 2020, our net sales were EUR 934 million and we employ about 1600 people around Finland. DNA is a part of Telenor Group, a leading telecommunications company across the Nordics.  For more information, visit www.dna.fi or follow us on Twitter @DNA_fi, Facebook @DNA.fi and LinkedIn @DNA-Oyj.

Attachment

• Jussi Tolvanen

DNA PLC STOCK EXCHANGE RELEASE 20 JULY 2021, 8:30 AM EEST

This is a summary DNA’s Half-Year Financial Report 2021. The complete report is attached to this release and is also available at www.dna.fi/investors.

Due to delisting of DNA’s share from Nasdaq Helsinki on 3 February 2020, DNA is not subject to reporting obligations as an issuer of shares as set out in the Finnish Securities Markets Act. DNA is still subject to reporting obligations as an issuer of senior unsecured fixed rate notes due 2025 (ISIN: FI4000312095) listed in Nasdaq Helsinki stock exchange.

Summary

Unless otherwise stated, the comparison figures in brackets refer to the corresponding period in the previous year (reference period). Figures are unaudited.

January-June 2021

• Total revenues grew 4% and amounted to EUR 476 million (457).
• Mobile revenues grew 2% and amounted to EUR 281 million (275).
• EBITDA increased 13% and was EUR 183 million (162).
• Operating result increased 6% and was EUR 81 million (76).
• Average revenue per user (ARPU)¹⁾ for mobile communications increased 1% and was EUR 17.0 (16.8).
• The number of mobile subscriptions increased and was 2,695,000 (2,676,000).
  • The number of contract subscriptions²⁾ increased by 21,000.
  • The number of prepaid subscriptions decreased by 3,000.
• The number of fixed subscriptions³⁾ increased and came to 899,000 (880,000).
  • The number of fixed broadband subscriptions increased by 32,000.

Key figures

The calculation method of the key figures presented in this table differs from that of DNA’s previous key figures. The figures in this table are presented the same way as the figures published by DNA’s parent company Telenor ASA. The main changes concern the reclassification of spectrum acquisitions from intangible assets to right-of-use assets and the corresponding reclassification of spectrum licence liabilities from non-interest-bearing to interest-bearing borrowings, which has an impact on the presentation of net debt and cash flows. In addition, some receivables have been reclassified from non-current to current liabilities. Figures for the reference periods have been adjusted accordingly.

EUR million	1-6/2021	1-6/2020	Change, %	1-12/2020
Total revenues4)	476	457	4	932
EBITDA4) 5)	183	162	13	333
- % of total revenues	38	35		36
Depreciation, amortisation and impairments	102	86		181
Operating result	81	76	6	151
- % of total revenues	17	17		16
Net result before tax	77	72	8	143
Net result for the period	60	56	7	115
Return on investment (ROI), %	12	13		12
Return on equity (ROE), %	17	19		19
Capital expenditure6)	72	58	26	308
Cash flow after investing activities	72	36	99	105
Net debt	577	562	3	619
Net debt/EBITDA	1.6	1.7		1.9
Net gearing, %	80	92		94
Equity ratio, %	46	43		41
Earnings per share, basic and diluted, EUR	0.45	0.42		0.87
Personnel at the end of period	1,662	1,639	1	1,609

***

CEO’s review

DNA’s business developed positively across the board in the first half of 2021. Our total revenues grew 4% and amounted to EUR 476 million (457). Mobile revenues also grew 2% and amounted to EUR 281 million (275). DNA’s EBITDA developed well in the first six months of the year and increased 13% to EUR 183 million (162), while our operating result increased 6% to EUR 81 million (76).

Our mobile communication subscription base increased by 19,000 from the reference period, despite the decrease in the number of prepaid subscriptions. The number of contract subscriptions increased by 21,000 from the reference period. At the same time, our average revenue per user (ARPU) increased 1% and was EUR 17.0 (16.8). The number of fixed subscriptions was up by 19,000, in particular due to the increase of 32,000 broadband subscriptions.

During the eighteen months of the corona pandemic, we at DNA have seen a significant acceleration in the growth of data traffic. The same is happening all over the world; according to the report published by the international research company Tefficient⁷⁾, global mobile data traffic grew 38% in 2020. As per the same report, at 34.8 gigabytes per month, DNA’s customers had the highest mobile data usage per subscription in Europe in 2020. During the January–June 2021 period, mobile data usage reached approximately 39.8 gigabytes per month.

The exponential growth in mobile data volumes demonstrates the clear need for new 5G technologies. It would be difficult to meet the needs of growing demand with 4G networks alone, whereas the use of 5G networks allows us to multiply the capacity of our mobile network. DNA’s 5G network construction has progressed rapidly, and our 5G network reached close to 2.4 million people, or 43% of the population, at the end of June. The sales of 5G subscriptions continued briskly, and two thirds of the phones in DNA’s TOP 15 list of most popular phones in were 5G models in June.

At the end of the first half of 2021, more than 95% of DNA’s personnel continued to work remotely. DNA announced on 14 June that they do not need to return to the office, and few intend to do so. According to personnel surveys, approximately 70% of the personnel expect to work at the office only one or two days a week in the future. Most of DNA's personnel have performed their work well and efficiently during continuous remote working.

Jukka Leinonen
CEO

***

1) ARPU = Monthly mobile revenues (company’s subscriptions) and traffic revenues + interconnection / average number of subscriptions 
2) Postpaid, mobile home phone (“Luuri”) and mobile broadband subscriptions.
3) Telephony, Internet, pay-TV and DNA TV subscriptions.
4) Total revenues and EBITDA before other income and expenses differ from those previously reported for 2020 due to the transition to Telenor's reporting method. This is a classification difference of EUR 2 million in the comparison period 1–6/2020 and at the same time in the whole of 2020.
5) In the autumn of 2020, DNA reassessed the duration of short-term leases based on the new owner and new long-term forecast. The effect of the reassessment on EBITDA was EUR 11 million in 1–6/2021.
6) Capital expenditure no longer includes spectrum licence payments. In the future, DNA reports the acquisition cost of a new spectrum licence as an investment at the time of acquisition.
7) Tefficient Industry Analysis #1 2021. Tefficient is an international telecommunications specialist providing analysis, benchmarking and consulting services. Tefficient’s latest report is available here: https://tefficient.com/mobile-data-operators-fy-2020/

***

Additional information:

Jukka Leinonen, CEO, DNA Plc, +358 44 044 1000, jukka.leinonen@dna.fi
Maria Strömberg, CFO, DNA Plc, tel. +358 44 044 3270, maria.stromberg@dna.fi
DNA Corporate Communications, +358 44 044 8000, communications@dna.fi

***

DNA is one of the leading telecommunications companies in Finland. We want to make our customers' daily lives less complicated. We offer connections, services and devices for homes and workplaces, contributing to the digitalisation of society. DNA's customers are continuously among the world mobile data usage leaders. DNA has more than 4 million subscriptions in its fixed and mobile communications networks. The company has been awarded numerous times as an excellent employer and family-friendly workplace. In 2020, our total revenue was EUR 934 million and we employ about 1,600 people around Finland. DNA is a part of Telenor Group, a leading telecommunications company across the Nordics. More information: www.dna.fi, Twitter @DNA_fi, Facebook @DNA.fi and LinkedIn @DNA-Oyj.

Attachment

• DNA_H1_2021_EN

DNA PLC STOCK EXCHANGE RELEASE 19 JULY 2021, 15:00 EEST

Vilhelmiina Wahlbeck, SVP, Communications, Sustainability and Brand Development at DNA, has been appointed as member of DNA's Executive Team.

Vilhelmiina Wahlbeck, 44, has worked in the telecommunications industry for most of her career, first in Telia's Finnish subsidiary, then as Head of Communications at DNA's previous parent company Finnet Oy and since 2007 as VP, Corporate Communications at the current DNA Group. Since 2016, she has also been responsible for DNA's corporate responsibility, and since the beginning of this year, her job description expanded to include DNA’s brand development. Vilhelmiina Wahlbeck holds a master's degree in political science. She reports to DNA’s CEO.

"Both corporate responsibility and brands that stand out are becoming increasingly important in business, and they are increasingly interconnected with communications as well. Vilhelmiina and her team have successfully developed our operations in this area. It is great to have her on the Executive Team, as the areas of responsibility she leads play an increasingly important role in DNA's business strategy," says Jukka Leinonen, CEO of DNA.

“I am very happy about the Executive Team membership. I have been part of building DNA almost from the very beginning, from a small challenger to a company with revenues of almost a billion euros. I am most proud about the company culture that we have built together, which is based on freedom and responsibility and culminated in 2019 in our ranking as the best workplace in Finland. It is also great how the employer has always offered me new responsibilities and thus enabled continuous on-the-job learning," Vilhelmiina Wahlbeck comments.

Photo: Vilhelmiina Wahlbeck

Further information:
Jukka Leinonen, CEO, DNA Plc, tel. +358 44 044 1000, jukka.leinonen@dna.fi
Vilhelmiina Wahlbeck, SVP, Corporate Communications, Sustainability and Brand Development, DNA Plc, tel. +358 44 040 1671, vilhelmiina.wahlbeck@dna.fi

DNA is one of the leading telecommunications companies in Finland. We want to make our customers’ lives less complicated. We offer connections, services and devices for homes and workplaces, contributing to the digitalisation of society. DNA’s customers are consistently among the world’s top users in mobile data. DNA has approximately 3.6 million subscriptions in its fixed and mobile communications networks. The company has been awarded numerous times as an excellent employer and family-friendly workplace. In 2020, our net sales were EUR 934 million and we employ about 1600 people around Finland. DNA is a part of Telenor Group, a leading telecommunications company across the Nordics.  For more information, visit www.dna.fi or follow us on Twitter @DNA_fi, Facebook @DNA.fi and LinkedIn @DNA-Oyj.

 

DNA PLC STOCK EXCHANGE RELEASE 19 JULY 2021, 15:00 EEST

Ville Virtanen, BEng, EMBA, has been named DNA Plc’s Chief Technology Officer (CTO) and a member of the Executive Team.

Ville Virtanen, 45, will start in his new position on 1 September 2021. He is taking up the post after acting as the VP of DNA’s Core and IP Networks department. Virtanen has been at DNA since 2003 and has been broadly responsible for the services of DNA’s mobile and fixed networks, as well as its business-critical service platforms. Before joining DNA, Ville held a number of positions related to the development of networks and IT services at Telia.

In his new role, Virtanen will be responsible for DNA’s various network technologies and their development. He reports to the CEO of DNA. Virtanen succeeds Tommy Olenius, who will be continuing in the position until the end of August.

“Over the years, Ville has proven his abilities in various roles in the Technology unit. He has wide-ranging expertise in network technologies and how best to develop them in the future to allow us to continue serving our customers in the best possible way,” says DNA’s CEO Jukka Leinonen.

“I am very flattered and happy to be chosen for the demanding role of CTO. It’s great to have the opportunity to be part of developing DNA as we move forward as part of Telenor Group. At DNA, we have advanced know-how that can be utilised in developing new network services across the world. What’s more, as part of Telenor, we get the chance to learn from the best international operating practices. I look forward to working with both the great professionals I know well and those I haven’t met yet,” Ville Virtanen comments.

Photo: Ville Virtanen

Further information:
Jukka Leinonen, CEO, DNA Plc, +358 44 044 1000, jukka.leinonen@dna.fi
Ville Virtanen, VP, Core and IP Networks, DNA Plc, tel. +358 44 2203 272, ville.virtanen@dna.fi
DNA Corporate Communications, tel. +358 44 044 8000, communications@dna.fi

DNA is one of the leading telecommunications companies in Finland. We want to make our customers’ lives less complicated. We offer connections, services and devices for homes and workplaces, contributing to the digitalisation of society. DNA’s customers are consistently among the world’s top users in mobile data. DNA has approximately 3.6 million subscriptions in its fixed and mobile communications networks. The company has been awarded numerous times as an excellent employer and family-friendly workplace. In 2020, our net sales were EUR 934 million and we employ about 1600 people around Finland. DNA is a part of Telenor Group, a leading telecommunications company across the Nordics.  For more information, visit www.dna.fi or follow us on Twitter @DNA_fi, Facebook @DNA.fi and LinkedIn @DNA-Oyj.

 

DNA PLC STOCK EXCHANGE RELEASE 11 MAY 2021 10:00 am (EEST)

Tommy Olenius, CTO at DNA Plc, and a member of the DNA Executive Team, has decided to leave the company by the end of 2021. Until that, Olenius will continue in his position and as a member of the Executive Team.

The search for a new CTO begins immediately.

“Tommy has a long career of almost 20 years in DNA, and during that time he has played a key role in building of 3G, 4G and 5G networks. Tommy leaves us with high-end mobile network that our customers can enjoy every day. I thank Tommy warmly for his contribution and I wish him success in all his future endeavours," says Jukka Leinonen, DNA's CEO.

Further information:
Jukka Leinonen, CEO, DNA Plc, tel. +358 44 044 1000, jukka.leinonen@dna.fi
DNA Corporate Communications, tel. +358 44 044 8000, communications@dna.fi 

DNA is one of the leading telecommunications companies in Finland. We want to make our customers' daily lives less complicated. We offer connections, services and devices for homes and workplaces, contributing to the digitalisation of society. DNA's customers are continuously among the world mobile data usage leaders. DNA has about 3.6 million subscriptions in its fixed and mobile communications networks. The company has been awarded numerous times as an excellent employer and family-friendly workplace. In 2020, our total revenue was EUR 934 million and we employ about 1,600 people around Finland. DNA is a part of Telenor Group, a leading telecommunications company across the Nordics. More information: www.dna.fi, Twitter @DNA_fi, Facebook @DNA.fi and LinkedIn @DNA-Oyj.

Due to delisting of DNA’s share from Nasdaq Helsinki on 3 February 2020, DNA is not subject to reporting obligations as an issuer of shares as set out in the Finnish Securities Markets Act. DNA is still subject to reporting obligations as an issuer of senior unsecured fixed rate notes due in 2025 (ISIN: FI4000312095) listed in Nasdaq Helsinki stock exchange.

DNA PLC STOCK EXCHANGE RELEASE* 26 MARCH 2021, 10:30 am EET

DNA Plc's Annual General Meeting was held in Helsinki on 26 March 2021.

The Annual General Meeting (AGM) adopted the consolidated financial statements and parent company financial statements for the financial year 1 January – 31 December 2020. It was noted that the Board of Directors had proposed to the Annual General Meeting that the company pays no dividend for the financial year 2020 and that the net profit for 2020 is allocated to retained earnings. The AGM decided to approve the proposal concerning the use of distributable funds shown on the balance sheet. The AGM also decided to discharge the Members of the Board of Directors and the CEO from liability for the financial year 1 January – 31 December 2020.

It was decided that the number of the Members of the Board of Directors will be six. The AGM decided to elect Sigve Brekke as the Chair of the Board of Directors and the following people as Members of the Board of Directors: Birgitte Engebretsen, Gaute Simen Gravir, Nils Katla, Håvard Naustdal and Trine Rønningen. The members of the board are independent of the company but non-independent of Telenor Group. The Board Members who are not independent of Telenor Group shall not be paid remuneration.

On 17 March 2021, DNA announced that the company's CEO Jukka Leinonen moves to head Telenor Group’s Nordic Cluster fulltime in the autumn 2021. When the new CEO of DNA takes office, Jukka Leinonen will take the position as DNA’s Chair of the Board of Directors.

The AGM decided to elect Authorised Public Accountants Ernst & Young as the company’s auditor. APA Terhi Mäkinen will act as the principal auditor.

More information:
DNA Corporate Communications, tel. +358 44 044 8000, communications@dna.fi
DNA's Board of Directors: https://corporate.dna.fi/company/board-of-directors

*Due to delisting of DNA’s share from Nasdaq Helsinki on 3 February 2020, DNA is not subject to reporting obligations as an issuer of shares as set out in the Finnish Securities Markets Act. DNA is still subject to reporting obligations as an issuer of senior unsecured fixed rate notes due in 2025 (ISIN: FI4000312095) listed in Nasdaq Helsinki stock exchange.

DNA is one of the leading telecommunications companies in Finland. We want to make our customers' daily lives less complicated. We offer connections, services and devices for homes and workplaces, contributing to the digitalisation of society. DNA's customers are continuously among the world mobile data usage leaders. DNA has about 3.6 million subscriptions in its fixed and mobile communications networks. The company has been awarded numerous times as an excellent employer and family-friendly workplace. In 2020, our total revenue was EUR 934 million and we employ about 1,600 people around Finland. DNA is a part of Telenor Group, a leading telecommunications company across the Nordics. More information: www.dna.fi, Twitter @DNA_fi, Facebook @DNA.fi and LinkedIn @DNA-Oyj.

 

DNA PLC STOCK EXCHANGE RELEASE* 17 MARCH 2021, 9:30 am EET

DNA's CEO Jukka Leinonen moves to head fulltime Telenor Group’s Nordic Cluster in the autumn 2021 and continues as an EVP and a member of Telenor’s Group Executive Management. He will also continue in his role as the chair of Telenor Sweden, Telenor Denmark and Telenor Connexion.

Search for the new CEO of DNA will start as soon as possible and after new CEO of DNA will start Jukka Leinonen will also take the position as chair of DNA. He will report directly to Sigve Brekke, the President & CEO of Telenor Group.

"Jukka Leinonen has been successfully heading our Nordic Cluster since 2019 and developing the co-operation of its business units enabling synergies, driving growth and creating value for the customers across the region. We have now agreed to accelerate Nordic co-operation even further and I have asked Jukka to continue leading that work fulltime", says Sigve Brekke, President & CEO, Telenor Group.

Leinonen has worked at DNA since 2010. He joined DNA as Senior Vice President, Corporate Business and was appointed CEO of DNA in 2013. Since 2019 he has additionally headed Telenor Group´s Nordic Cluster as Executive Vice President of Telenor. Before that he held various senior management positions in corporate business sales, marketing and product management at TeliaSonera.

More information:
CEO Jukka Leinonen, DNA Plc, tel. +358 44 044 1000, jukka.leinonen@dna.fi
DNA Corporate Communications, tel. +358 44 044 8000, communications@dna.fi

Attachment: Picture of Jukka Leinonen

*Due to delisting of DNA’s share from Nasdaq Helsinki on 3 February 2020, DNA is not subject to reporting obligations as an issuer of shares as set out in the Finnish Securities Markets Act. DNA is still subject to reporting obligations as an issuer of senior unsecured fixed rate notes due in 2025 (ISIN: FI4000312095) listed in Nasdaq Helsinki stock exchange.

DNA is one of the leading telecommunications companies in Finland. We want to make our customers' daily lives less complicated. We offer connections, services and devices for homes and workplaces, contributing to the digitalisation of society. DNA's customers are continuously among the world mobile data usage leaders. DNA has about 3.6 million subscriptions in its fixed and mobile communications networks. The company has been awarded numerous times as an excellent employer and family-friendly workplace. In 2020, our total revenue was EUR 934 million and we employ about 1,600 people around Finland. DNA is a part of Telenor Group, a leading telecommunications company across the Nordics. More information: www.dna.fi, Twitter @DNA_fi, Facebook @DNA.fi and LinkedIn @DNA-Oyj.

DNA PLC STOCK EXCHANGE RELEASE 4 MARCH 2021 12:00 PM EET 

The annual report includes DNA’s Corporate Sustainability Report, Corporate Governance Statement, Board of Directors' Report as well as Financial Statements consisting of the Consolidated Financial Statements and the Parent Company Financial Statements.

Among other things, the annual report covers the essential changes to DNA’s internal practices and services brought on by the Telenor ownership.

In addition, DNA’s Corporate Sustainability Report describes the progress of DNA’s corporate sustainability work in 2020: DNA’s sustainability programme was restructured by introducing data security and protection as a new key area alongside digital inclusion, climate-friendly operations, being a great place to work and good governance.

The Annual Report is available in Finnish and English on DNA’s website: https://corporate.dna.fi/finance/reports/annual-reports-and-csr-reports

Additional information:
DNA Corporate Communications, tel. +358 (0)44 044 8000, communications@dna.fi

Attachment

• DNA_annual_2020

DNA PLC STOCK EXCHANGE RELEASE 5 FEBRUARY 2021, 11:30 AM EET

DNA Plc published its Financial Statement Bulletin 2020 on 2 February 2021. The Group contribution was incorrectly reported in the consolidated income statement (net impact EUR 10.5 million), even though it should have been reported in the balance sheet as a deduction of retained earnings (equity).

Correction of the error does not affect DNA's EBITDA or operating result.

Corrected key figures:

EUR million	7-12/2020	7-12/2019	Change, %	1-12/2020	1-12/2019	Change, %
Net result before tax	72	59	21	143	125	15
Net result for the period	59	47	24	115	99	16
Return on investment (ROI), %	13	12		13	12
Return on equity (ROE), %	19	17		19	17
Basic and diluted earnings per share, EUR	0,45	0,36		0,87	0,75

Incorrect figures were: 

EUR million	7-12/2020	7-12/2019	Change, %	1-12/2020	1-12/2019	Change, %
Net result before tax	59	59	-1	130	125	5
Net result for the period	48	47	2	104	99	6
Return on investment (ROI), %	12	12		12	12
Return on equity (ROE), %	17	17		17	17
Basic and diluted earnings per share, EUR	0.37	0.36		0.79	0.75

Corrected Financial Statement Bulletin 2020 in its entirety attached.

Additional information:
Jukka Leinonen, CEO, DNA Plc, +358 44 044 1000, jukka.leinonen@dna.fi
Maria Strömberg, CFO, DNA Plc, tel. +358 44 044 3270, maria.stromberg@dna.fi
DNA Corporate Communications, +358 44 044 8000, viestinta@dna.fi

DNA is one of the leading telecommunications companies in Finland. We want to make our customers' daily lives less complicated. We offer connections, services and devices for homes and workplaces, contributing to the digitalisation of society. DNA's customers are continuously among the world mobile data usage leaders. DNA has more than 4 million subscriptions in its fixed and mobile communications networks. The company has been awarded numerous times as an excellent employer and family-friendly workplace. In 2020, our total revenue was EUR 934 million and we employ about 1,600 people around Finland. DNA is a part of Telenor Group, a leading telecommunications company across the Nordics. More information: www.dna.fi, Twitter @DNA_fi, Facebook @DNA.fi and LinkedIn @DNA-Oyj.

 

Attachment

• DNA_Financial_Statement_Bulletin_2020

DNA PLC STOCK EXCHANGE RELEASE 2 FEBRUARY 2021, 8:30 AM EET

This is a summary DNA’s Financial Statements Bulletin 2020. The complete report is attached to this release and also available at www.dna.fi/investors.

Summary

Unless otherwise stated, the comparison figures in brackets refer to the corresponding period in the previous year (reference period). Figures are unaudited.

Due to delisting of DNA’s share from Nasdaq Helsinki on 3 February 2020, DNA is not subject to reporting obligations as an issuer of shares as set out in the Finnish Securities Markets Act. DNA is still subject to reporting obligations as an issuer of senior unsecured fixed rate notes due 2025 (ISIN: FI4000312095) listed in Nasdaq Helsinki stock exchange.

July–December 2020

• Mobile revenue increased 1% and amounted to EUR 276 million (272).
• Total revenues decreased 2% and amounted to EUR 476 million (483).
• EBITDA increased 13% and was EUR 171 million (152).
• Comparable EBITDA¹⁾ increased 10% and came to EUR 171 million (156).
• Operating result increased 20% and was EUR 76 million (63).
• Comparable operating result²⁾ increased 7% and was EUR 76 million (71).
• Revenue per user (ARPU) for mobile communications increased 2% and was EUR 16.7 (16.5).

January–December 2020

• Mobile revenue increased 3% and amounted to EUR 552 million (536).
• Total revenues decreased 1% and amounted to EUR 934 million (946).
• EBITDA increased 9% and was EUR 333 million (306).
• Comparable EBITDA¹⁾ increased 7% and amounted to EUR 333 million (310).
• Operating result increased 13% and was EUR 151 million (134).
• Comparable operating result²⁾ increased 7% and was EUR 151 million (141).
• Revenue per user (ARPU) for mobile communications increased 3% and was EUR 16.8 (16.3).
• The number of mobile subscriptions³⁾ decreased and was 2,694,000 (2,696,000). The number of postpaid subscriptions grew by 9,000 and the number of prepaid subscriptions decreased by 16,000.
• The number of fixed subscriptions⁴⁾ decreased to 900,000 (909,000). Broadband subscription base increased by 41 000.

Key figures

The calculation method of the key figures presented in this table differs from that of DNA’s previous key figures. The figures in this table are presented the same way as the key figures published by DNA’s parent company Telenor ASA except for the figures for total revenues and EBITDA. The difference in total revenues and EBITDA is due to differences in the classification of certain items. The comparability of figures and terminology are explained in a press release published on 28 April 2020. The release is available on the DNA website⁵⁾.

EUR million	7–12/2020	7–12/2019	Change, %	1–12/2020	1–12/2019	Change, %
Total revenues6)	476	483	–2	934	946	–1
EBITDA6) 7)	171	152	13	333	306	9
% of total revenues	36	31		36	32
Comparable EBITDA1)	171	156	10	333	310	7
% of total revenues	36	32		36	33
Depreciation and amortisation	96	88		181	172
Operating result	76	63	20	151	134	13
% of total revenues	16	13		16	14
Comparable operating result2)	76	71	7	151	141	7
% of total revenues	16	15		16	15
Net result before tax	59	59	–1	130	125	5
Net result for the period	48	47	2	104	99	6
Return on investment (ROI), %	12	12		12	12
Return on equity (ROE), %	17	17		17	17
Capex8)	257	101	154	324	159	104
Cashflow after investing activities	80	52	54	99	61	64
Net debt	597	559	7	597	559	7
Net debt/EBITDA	1.8	1.8		1.8	1.8
Net gearing, %	91	101		91	101
Equity ratio, %	41	39		41	39
Basic and diluted earnings per share, EUR	0.37	0.36		0.79	0.75
Personnel at the end of period	1,609	1,624	–1	1,609	1,624	–1

  
CEO’s review

DNA's business operations developed steadily throughout 2020. Although total revenues decreased by 1% year-on-year to EUR 934 million (946), our mobile revenue increased by 3% to EUR 552 million (536). The decrease in total revenue was mainly due to the sale of the terrestrial network pay-TV at the turn of the year and a decrease in sales of devices throughout the year due to government measures against the COVID-19 pandemic. DNA’s comparable EBITDA developed strongly in 2020, reflecting growth from both business segments. Comparable EBITDA grew by 7% year-on-year to EUR 333 million (310) and amounted to 36% of total revenues.

The total number of mobile subscriptions fell by 2,000 year-on-year due exclusively to a decrease in the number of prepaid subscriptions. Our postpaid subscription base increased by 9,000. At the same time, revenue per user (ARPU) increased by 3% year-on-year to EUR 16.8 (16.3).

During the pandemic year, DNA’s role in enabling fast and secure connections has been more essential than ever. Due to the need for social distancing, the use of video-based services increased significantly. This was reflected in the enormous increase in data volumes and a greater need for high-speed connections. A report⁹⁾ released last September by international research company Tefficient shows that, once again, DNA’s customers use the most mobile data per subscription in the entire world. In addition, in a recent report¹⁰⁾ by Omnitele Oy, a DNA subscription achieved the highest average data transfer speed in the direction of incoming traffic. The measurements were carried out in November and December in the ten largest cities in Finland.

The increased need for high-quality digital communications was also reflected in DNA’s sales of devices this year. Sales of 5G phones grew significantly and already accounted for nearly 50% of all sold phones in December. Sales of smartwatches doubled, and sales of both laptops and desktop computers increased from 2019. Installations of DNA’s 5G Fixed Wireless Access service have also continued, and feedback from customers has been positive.

DNA’s operative capital expenditure increased by 22% in January–December and amounted to EUR 171 million (140). The most significant individual capital expenditures consisted of radio network capacity expansion and development, the development of 5G readiness and fibre optic networks and transmission systems. Construction of the 5G network has progressed on schedule and by the end of the year, the network covered 1.8 million people, nearly one in every three people in Finland. Construction of the network is ongoing with dozens of base stations opened every week across Finland. As of early 2021, construction is proceeding by expanding coverage in large cities and by bringing 5G services to a large number of new cities and towns. Construction will also be focused on different parts of Finland based on current mobile data traffic capacity needs.

In October, it was also announced that Finnish Shared Network Ltd, a company jointly owned by DNA Plc and Telia Finland Oyj, will begin building a new 5G network in northern and eastern Finland in cooperation with Nokia. The three-year construction project will be launched in early 2021.

At the end 2020, more than 95% of DNA’s personnel continued to work from home. Our regular personnel surveys found that employees were able to work effectively from home throughout the year.

Jukka Leinonen
CEO

***

1) In 2019, the comparability of EBITDA was affected by a non-recurring expense item of EUR 4 million in relation to the use of expert services in connection to business restructuring, as well as the termination of share-based reward systems. There were no items affecting comparability in 2020.
2) The comparability of the operating result for 2019 was affected by non-recurring items of EUR 7 million, of which EUR 4 million were in relation to the use of expert services in connection to business restructuring, as well as the termination of share-based reward systems and EUR 3 million in relation to the sale of DNA’s VHF frequency-based terrestrial network business. There were no items affecting comparability in 2020.
3) Mobile subscriptions include postpaid, prepaid, mobile home phone (“Luuri”) and mobile broadband subscriptions.
4) The figure for the number of fixed subscriptions includes voice, broadband and cable pay-TV subscriptions.
5) DNA press release on 28 April 2020: https://corporate.dna.fi/press-releases?type=stt1&id=69879917&scrollTo=UJpEOgFgPw1f
6) DNA’s figures are reported as part of the Telenor Group. The difference in total revenues and EBITDA published by DNA and Telenor is due to some differences in the classification.
7) DNA reassessed the duration of short-term leases based on the new owner and new long-term forecast. The effect of the reassessment on EBITDA was EUR 2 million.
8) DNA reassessed the duration of short-term leases based on the new owner and new long-term forecast. The effect of the reassessment on the balance sheet was EUR 121 million.
9)Tefficient report H1/2020. Tefficient is an international analysis, benchmarking and consultancy company in the telecommunications sector, with reports available for download at https://tefficient.com/mobile-data-operators–1h–2020/
10) Omnitele’s study on data transfer speeds in mobile networks, 11/2020. The study was carried out in the ten largest cities in Finland. The results are based on the average data transfer speeds of incoming traffic (from the base station to the terminal device) in the measurements. The study results and ranking of the operators varied between the cities and locations. The different cities had rather significant variations in the average download speeds, and the extent of the 5G coverage varied relatively much from city to city. The study was carried out with the operators’ fastest 5G consumer subscriptions and smartphones with 5G. Available in Finnish at  https://www.dna.fi/documents/753910/1424803/Omnitele_5G_Benchmark_2020_Loppuraportti.pdf

***

Additional information:

Jukka Leinonen, CEO, DNA Plc, +358 44 044 1000, jukka.leinonen@dna.fi
Maria Strömberg, CFO, DNA Plc, tel. +358 44 044 3270, maria.stromberg@dna.fi
DNA Corporate Communications, +358 44 044 8000, communications@dna.fi

DNA is one of the leading telecommunications companies in Finland. We want to make our customers' daily lives less complicated. We offer connections, services and devices for homes and workplaces, contributing to the digitalisation of society. DNA's customers are continuously among the world mobile data usage leaders. DNA has more than 4 million subscriptions in its fixed and mobile communications networks. The company has been awarded numerous times as an excellent employer and family-friendly workplace. In 2020, our total revenue was EUR 934 million and we employ about 1,600 people around Finland. DNA is a part of Telenor Group, a leading telecommunications company across the Nordics. More information: www.dna.fi, Twitter @DNA_fi, Facebook @DNA.fi and LinkedIn @DNA-Oyj.

 

Attachment

• DNA_Financial_Statement_Bulletin_2020

DNA PLC STOCK EXCHANGE RELEASE 21 December 2020, 10:00 am EET

M.Sc. (Econ) Maria Strömberg (b. 1968) has been appointed as CFO and   member of the Executive Team of DNA Plc.

Maria Strömberg will start in her new role on 1 February 2021. She will take up the position within DNA, where she has worked as head of the accounting department. Strömberg spent the majority of her career in the telecommunications industry and has worked at DNA continuously since 2007.

In her role, Strömberg will be responsible for DNA's accounting, invoicing, credit management, procurement and logistics, as well as administration and security. She reports to the CEO and works closely with DNA's parent company Telenor. Strömberg will succeed Timo Karppinen, who will continue in his position as CFO until the end of January 2021.

“It’s really great to get an experienced financial professional from within DNA on the job. Maria has a lot of experience and in-depth insight of financial management and has also served as substitute to the CFO multiple times in the past”, says Jukka Leinonen, CEO of DNA.

"I am honored and delighted to get the opportunity to work even more closely with the entire finance and administration department and, of course, with Telenor. DNA is a successful player with a growing business and a sound financial foundation. This provides excellent conditions to continue development and growth of the business as part of a strong group”, Maria Strömberg commented.

Download photo:
Maria_Stromberg.jpg

Further information:
Jukka Leinonen, CEO, DNA Plc, tel. +358 44 044 1000, jukka.leinonen@dna.fi
DNA Corporate Communications, tel. +358 44 044 8000, communications@dna.fi

DNA PLC STOCK EXCHANGE RELEASE 17 December 2020, 10:00 am EET

In 2021, DNA will publish its financial statements, semi-annual report and business reviews sent as press releases as follows:

• 2 February 2021: Financial statements bulletin for 2020
• 4 May 2021: January-March 2021 business review as press release
• 20 July 2021: Half year (January-June) 2021 financial report
• 28 October 2021: January-September 2021 business review as press release

DNA’s electronic annual report, which contains the complete Financial Statements 2020, will be published at the latest during the week starting from 1 March 2021 (week 9/2021).

DNA's Annual General Meeting is planned to be held on 26 March 2021.

Further information:
Timo Karppinen, CFO, DNA Plc, tel. +358 (0)44 044 5007, timo.karppinen@dna.fi
DNA Corporate Communications, tel. +358 44 044 8000, communications@dna.fi

DNA PLC STOCK EXCHANGE RELEASE 17 SEPTEMBER 2020 10:00 am (EEST)

Timo Karppinen, DNA's CFO and a member of the DNA Executive Team, has resigned to take on new challenges outside DNA.

The search for a new Chief Financial Officer will be started immediately. Karppinen will continue in his current position and as a member of the DNA Executive Team until the end of January 2021.

“Timo has played a key role in DNA for almost eight years, during which time DNA listed on the stock exchange and has significantly increased its value as a company. I thank Timo warmly for his contribution and I wish him success in all his future endeavours," says Jukka Leinonen, DNA's CEO.

Further information:
Jukka Leinonen, CEO, DNA Plc, tel. +358 44 044 1000, jukka.leinonen@dna.fi
DNA Corporate Communications, tel. +358 44 044 8000, communications@dna.fi 

DNA PLC STOCK EXCHANGE RELEASE 16 JULY 2020, 8:30 AM EEST

This is a summary DNA’s Half-Year Financial Report 2020. The complete report is attached to this release and also available at www.dna.fi/investors.

Summary

Unless otherwise stated, the comparison figures in brackets refer to the corresponding period in the previous year (reference period). Figures are unaudited.

Due to delisting of DNA’s share from Nasdaq Helsinki on 3 February 2020, DNA is not subject to reporting obligations as an issuer of shares as set out in the Finnish Securities Markets Act. DNA is still subject to reporting obligations as an issuer of senior unsecured fixed rate notes due 2025 (ISIN: FI4000312095) listed in Nasdaq Helsinki stock exchange.

January–June 2020

• Total revenue decreased 1% and came to EUR 459 million (463).
• Mobile revenue grew 5% and amounted to EUR 270 million (258).
• EBITDA increased 5% and was EUR 162 million (154).
• Operating result increased 8% and was EUR 76 million (71).
• Revenue per user (ARPU) for mobile communications increased 5% and was EUR 16.8 (16.0).
• The number of mobile subscriptions* decreased and was 2,676,000 (2,698,000). The number of postpaid subscriptions grew by 7,000 and the number of prepaid subscriptions decreased by 24,000.
• The number of fixed subscriptions (telephony, Internet and TV) decreased 1% and was 880,000 (893,000). The number of broadband subscriptions grew by 33,000. 

*) The number of mobile subscriptions includes postpaid, prepaid, Luuri and mobile broadband subscriptions.

Key figures

The calculation method of the key figures presented in this table differs from that of DNA’s previous key figures. The figures in this table are presented the same way as the key figures published by DNA’s parent company Telenor ASA except for the figures for total revenues and EBITDA. The difference in total revenues and EBITDA is due to differences in the classification of certain items. The comparability of the figures and the vocabulary have been described in a press release issued on 28 April 2020, which is available on DNA's website:
https://corporate.dna.fi/press-releases?type=stt1&id=69879917&scrollTo=UJpEOgFgPw1f
 

EUR million	1–6/2020	1–6/2019	Change, %	1–12/2019
Total revenues	459	463	-1	946
EBITDA	162	154	5	306
- % of total revenues	35	33		32
Comparable EBITDA	162	154	5	310
- % of total revenues	35	33		33
Depreciation and amortisation	86	83		172
Operating result	76	71	8	134
- % of total revenues	17	15		14
Comparable operating result	76	71	8	141
- % of total revenues	17	15		15
Net result before tax	72	66	9	125
Net result for the period	56	51	9	99
Return on investment (ROI), %	13	13		12
Return on equity (ROE), %	19	18		17
Capex	66	57	15	159
Cashflow after investments	19	8	128	61
Net debt	546	608	-10	559
Net debt/EBITDA	1.7	2.0		1.8
Net gearing, %	90	118		101
Equity ratio, %	43	37		39
Basic and diluted earnings per share, EUR	0.42	0.39		0.75
Personnel at the end of period	1,639	1,648	-1	1,624

CEO’s review

As the first half of 2020 closed, there circumstances in Finland improved. It looks like we have passed the peak of the first wave of the coronavirus, and the government has eased restrictions significantly. While the situation seems under control in Finland, the pandemic is worsening worldwide. Under such exceptional circumstances, it is difficult to foresee the outlook for DNA’s operating environment and market. The pandemic may slow down the economic growth in Finland too, which can have a negative impact on the demand for DNA’s services.

The effect of the crisis was apparent at DNA since March in areas such as higher volume of customer service, a slowdown in mobile device sales at DNA stores and a significant increase of data volumes in DNA’s network. Communication networks gain importance under exceptional circumstances. DNA’s network capacity was perfectly capable of managing the increase in data volumes, and we have maintained and built our 5G and 4G network infrastructure continuously. To safeguard operational reliability, our network management is decentralized, and we will continue this approach. At the end of the second quarter, more than 95% of DNA’s personnel continued to work remotely. We continue to follow the development of the pandemic closely and will make decisions on appropriate action based on current situation. According to our personnel survey, remote working has gone smoothly.

Despite the challenging market situation and the exceptional circumstances, DNA mostly fared well in the first half of 2020. Total revenues for the January-June period fell slightly from the reporting period and amounted to EUR 459 million (463). The decrease was mainly due to the sale of the terrestrial pay-TV business and a slowdown in mobile device sales. Nevertheless, DNA’s EBITDA developed positively in the first half of the year, growing 5% to EUR 162 million (154). Operating result also increased 8% in January-June and was EUR 76 million (71). The favourable development was due to increased mobile revenue and improved operational efficiency.

Our mobile communication subscription base decreased by 22,000 in the January-June period from the reference period. This was due to a decrease in prepaid subscriptions as our postpaid subscription base increased by 7,000.  Revenue per user (ARPU) for mobile communications increased 5% year-on-year and was EUR 16.8 (16.0). Our fixed-network subscription base shrank by 13,000, but the number of broadband subscriptions grew by 33,000.

The active construction of DNA’s 5G network has continued around Finland. During the first half of 2020, DNA’s 5G services have been made available in more than 20 residential areas. We will continue to improve the capacity of our 4G network parallel to the 5G investments. In June, DNA won the 26 GHz range it was pursuing in the 5G spectrum auction. The new frequency band enables the transfer of higher volumes of data with low latency.

The sales of 5G subscriptions are off to a promising start and mobile device manufacturers have launched several new 5G models during the second quarter. More models are expected to be introduced to lower price points as the year progresses, and demand for subscriptions is expected to pick up once these are available. Installations of DNA’s 5G Fixed Wireless Access service have also started, and feedback from customers has been positive. The benefits of 5G and its positive impact on customer experience will become more evident as our customers use increasingly rich content, higher resolution videos, and services such as online gaming, where low latency is critical.

Jukka Leinonen
CEO

Additional information:

Jukka Leinonen, CEO, DNA Plc, +358 44 044 1000, jukka.leinonen@dna.fi
Timo Karppinen, CFO, DNA Plc, +358 44 044 5007, timo.karppinen@dna.fi
DNA Corporate Communications, +358 44 044 8000, viestinta@dna.fi

DNA is one of the leading telecommunications companies in Finland. We want to make our customers' daily lives less complicated. We offer connections, services and devices for homes and workplaces, contributing to the digitalisation of society. DNA's customers are continuously among the world mobile data usage leaders. We are Finland's largest cable TV operator. DNA has more than 4 million subscriptions in its fixed and mobile communications networks. The company was ranked the best employer in Finland in the large companies category of the 2019 Great Place to Work survey. In 2019, our net sales were EUR 942 million and we employ about 1,600 people around Finland. DNA is a part of Telenor Group, a leading telecommunications company across the Nordics. More information: www.dna.fi, Twitter @DNA_fi, Facebook @DNA.fi and LinkedIn @DNA-Oyj.

 

Attachment

• DNA Half-Year Financial Report 2020