Analyse Proximus NV

Fundamentele Analyse : FY 2017


Fundamentele Analyse : Q1 2017

Dominique Leroy, CEO of Proximus Group said :

 

"We started the year in good shape, with a solidly growing customer base for our main products.

In an intense competitive setting we achieved the best customer growth for TV and Internet in the market and therefore further progressed our market shares, in all regions. This was supported by a continued good traction of the Proximus 4-Play offers Tuttimus and Bizz All-in, growing to 192,000 subscribers at the end of March 2017. Our no-frills brand Scarlet realized a strong quarter as well with its growing customer base, proof of Scarlet’ good position in the price seekers market.

We also maintained a strong position on the mobile Postpaid market, growing our mobile Postpaid base by 44,000 cards, while, as we expected, the decline in Prepaid further accelerated.

Our first quarter financials clearly show that we managed to stay focused on improving our cost base. With a continued firm cost reduction for our Domestic business we are getting yet again one step closer to our cost ambition set for 2019. Notwithstanding the regulatory headwinds on roaming, we realized over the first 3 months of the year a sound EBITDA growth, well on track to achieve our ambition to close the year with nearly stable Domestic revenue and a slightly growing Group EBITDA. With our Fiber for Belgium roll-out launched in the first quarter, we also confirm our 2017 capex expectation of around EUR 1 billion.

We will further deliver upon our Fit for Growth strategy, transforming Proximus into a Digital Service Provider, focused on innovative and meaningful technologies. In this view, we recently announced BICS’ agreement to acquire TeleSign, becoming a robust provider leveraging traditional and digital communication, while reinforcing our footprint in the Americas and expanding our customer reach to global over-the-top Internet brands. In our Domestic market, we acquired Davinsi Labs, a young, rapidly growing Belgian cybersecurity company, market leader in the Benelux for Security Analytics and Vulnerability Management. This will reinforce our Enterprise segment in terms of ICT expertise and complete offering in cybersecurity."

 

Source : Proximus NV, Q1 2017 Quarterly Report, Brussels, 5 May 2017 7.00 (CET)

 


Fundamentele Analyse : FY 2016