Proximus on track for worst day in 5 yrs after trimming guidance

Proximus NV

25/07/2025 08:46

** Shares in Proximus PROX.BR fall 12%, after the Belgian telecoms group cut its 2025 earnings guidance and reported lower-than-expected Q2 revenues

** Proximus lowers its group EBITDA growth forecast to +1% from around +2% and now sees EBITDA falling 5–10% in its Global segment, down from prior about 20% growth

** The revision is driven by a sharply weaker outlook the Global division, offsetting stronger domestic guidance, J.P.Morgan says

** The group also posted Q2 underlying revenues at 1.54 billion euros ($1.81 billion), below company consensus of 1.65 billion euros

** If losses hold, shares will see their worst day since March 2020

($1 = 0.8511 euros)

(Reporting by Anna Peverieri)

((Anna.Peverieri@thomsonreuters.com))