Brief: Orange Belgium Q3 EBITDAaL Up At EUR 96.7 Mln

Orange Belgium NV

21/10/2021 06:14

Oct 21 (Reuters) - ORANGE BELGIUM SA  OBEL.BR :
    * SOLID EBITDAAL GROWTH ON THE BACK OF STRONG MOBILE
COMMERCIAL
MOMENTUM AND CONTINUOUS COST MANAGEMENT
    * Q3 REVENUES +3.3% YOY / Q3 RETAIL SERVICE REVENUES +4.8%
YOY
    * Q3 EBITDAAL +8.1% YOY (YTD '21: +8.5%)
    * MOBILE POSTPAID CUSTOMER BASE +3.9% YOY / CABLE CUSTOMER
BASE
+25.5% YOY
    * Q3 REVENUE EUR 346.3 MILLION VERSUS EUR 335.3 MILLION YEAR
AGO
    * Q3 EBITDAAL EUR 96.7M MILLION VERSUS EUR 89.4 MILLION YEAR
AGO
    * RECONFIRMS ITS 2021 GUIDANCE
    * 2021 GUIDANCE : LOW SINGLE-DIGIT REVENUE GROWTH
    * 2021 GUIDANCE : TOTAL ECAPEX IS EXPECTED TO BE BETWEEN
€200M AND
€220M
    * REGARDING THE EBITDAAL GUIDANCE (€320M-€340M), THE COMPANY
EXPECTS TO SLIGHTLY EXCEED THE GIVEN RANGE, TAKING INTO ACCOUNT
THE POSITIVE RESULTS AND THE IMPROVED HEALTH CONTEXT
    * REVENUES HAVE INCREASED 3.3% IN COMPARISON TO LAST YEAR
MAINLY
SUPPORTED BY HIGHER RETAIL SERVICE REVENUES AS WELL AS GROWTH IN
WHOLESALE REVENUES, SAYS CFO
    * THE COMBINATION OF INCREASED RETAIL SERVICE REVENUES AND
CONTINUOUS COST MANAGEMENT HAS RESULTED IN OUTSTANDING  EBITDAAL
FOR THIS QUARTER, SAYS CFO
    * REGARDING ECAPEX, WE EXPECT A CATCH-UP IN THE LAST QUARTER
OF
THE YEAR, SAYS CFO
    * GIVEN THESE RESULTS, AND THE IMPROVED HEALTH CONTEXT, WE
EXPECT
TO SLIGHTLY EXCEED OUR EBITDAAL GUIDANCE, SAYS CFO

Source text for Eikon:  ID:nGNE2D9skb 
Further company coverage:  OBEL.BR 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 587 696 600;))