Brief: Orange Belgium H1 EBITDAaL Up At EUR 166.8 Mln

Orange Belgium NV

22/07/2022 06:10

July 22 (Reuters) - Orange Belgium SA  OBEL.BR :
    * H1 EBITDAAL +3.5% YOY
    * H1 REVENUES +3.3% YOY / H1 RETAIL SERVICE REVENUES +6.4%
YOY
    * OUTLOOK : ORANGE BELGIUM EXPECTS LOW SINGLE-DIGIT REVENUE
GROWTH
IN 2022 CONSIDERING FURTHER UPTAKE ON ITS POSTPAID AND
CONVERGENT CUSTOMER BASE
    * OUTLOOK : FOR 2022, THE COMPANY EXPECTS EBITDAAL BETWEEN
350
MILLION EUROS AND 370 MILLION EUROS
    * H1 EBITDAAL EUR 166.8 MILLION VERSUS EUR 161.2 MILLION
YEAR AGO
    * OUTLOOK : IN ADDITION, TOTAL ECAPEX IS EXPECTED TO BE
BETWEEN
210 MILLION EUROS AND 230 MILLION EUROS. THIS CONSIDERS THE
RENEWAL OF SPECTRUM IN Q2 2022
    * OUTLOOK : THE OUTLOOK 2022 DOES NOT TAKE INTO ACCOUNT THE
INTEGRATION OF VOO.
    * H1: ECAPEX GREW BY 5.8% YOY TO 86.0 MILLION EUROS
    * OUTLOOK EBITAAL TAKES INTO ACCOUNT  : LOSS OF MOBILE
VIKINGS AS
FROM APRIL 2022
    * OUTLOOK EBITAAL TAKES INTO ACCOUNT  : INCREASED ENERGY
COSTS
    * OUTLOOK EBITAAL TAKES INTO ACCOUNT  : ▪ LABOUR COST
INDEXATION
IN ADDITION, TOTAL ECAPEX IS EXPECTED
    * H1 NET FINANCIAL DEBT EUR 65.3 MILLION VERSUS EUR 124.4
MILLION
YEAR AGO
    * H1 NET PROFIT FOR THE PERIOD EUR 26.7 MILLION VERSUS EUR
7.3
MILLION YEAR AGO
    * OUTLOOK :WE REMAIN CAUTIOUSLY OPTIMISTIC AND CONFIRM OUR
GUIDANCE FOR THE YEAR 2022
    * H1: MOBILE POSTPAID CUSTOMER BASE +3.5% YOY / CABLE
CUSTOMER
BASE +13.9% YOY

Source text for Eikon:  ID:nGNE17bzJw 
Further company coverage:  OBEL.BR 

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