Proximus results and forecasts 'provide a bit of relief', shares rise
28/02/2025 09:01
** Shares in Proximus PROX.BR rise 3% to December highs after the Belgian telecoms group published its Q4 results and forecast more profit growth in 2025 ** New residential mobile customers in Q4 stand at 27,000, offsetting no-frills brand Digi's arrival in Belgium, while group profit is expected to grow around 2% in 2025 with Proximus Global at +20% ** "We think this is a rather neutral set of results and guidance but it could be a bit of a relief," ING analyst David Vagman says ** The company gave reassuring words about Digi's impact so far and the 2025 outlook, he adds ** Degroof Petercam also flags benefits of cost savings plans both at domestic and international activities, which are expected to reassure investors ** Proximus shares are up 17% this year as of Thursday's session close, recovering slightly from a 78% drop since December 2019 (Reporting by Gianluca Lo Nostro) ((gianluca.lonostro@thomsonreuters.com;))