Brief: Orange Belgium EBITDAal Up At 70.1 Million Euros

Orange Belgium NV

21/04/2021 06:21

April 21 (Reuters) - ORANGE BELGIUM  OBEL.BR :
    * Q1 REVENUES -1.0% YOY / Q1 RETAIL SERVICE REVENUES +1.9%
YOY
    * Q1 EBITDAAL+12.8% YOY, +4.6% YOY EXCLUDING SEASONALITY
EFFECT
    * Q1 REVENUE EUR 330.4 MILLION VERSUS EUR 333.9 MILLION YEAR
AGO
    * Q1 EBITDAAL EUR 70.1 MILLION VERSUS EUR 62.2 MILLION YEAR
AGO
    * 2021 GUIDANCE CONFIRMED
    * Q1 ECAPEX (EXCLUDING SPECTRUM LICENCE FEES) INCREASED
SLIGHTLY
BY 2.6% YOY TO €36.1M
    * DURING Q1, 23K NEW MOBILE POSTPAID CUSTOMERS WERE ADDED,
REACHING 2.7M SUBSCRIBERS (+3.0% YOY)
    * MOBILE ONLY POSTPAID ARPO DECLINED BY 3.4% YOY TO €19.6,
DUE TO
THE DECREASE IN OUT-OF-BUNDLE REVENUES
    * Q1 CABLE NET ADDS CONTINUED TO BE STRONG WITH 23K NEW
CUSTOMERS
    * EXPECTS LOW SINGLE-DIGIT REVENUE GROWTH, EBITDAAL OF
BETWEEN EUR
320 MILLION AND EUR 340 MILLION AND ECAPEX BETWEEN EUR 200
MILLION AND EUR 220 MILLION
    * ORANGE BELGIUM REPORTED A NET LOSS OF €4.3M DURING Q1’21
VERSUS
A PROFIT OF €0.6M IN Q1’20

Source text for Eikon:  ID:nNDLkNtXP 
Further company coverage:  OBEL.BR 

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