Proximus rises after Q1 beat

Proximus NV

13/05/2026 09:32

** Belgian telecom provider Proximus PROX.BR rises about 2% after first-quarter results beat estimates, helped by growth in its domestic business and lower operating expenses

** KBC Securities says the revenue decline was softer than expected and the group remains on track to meet its annual targets

** It notes the domestic pro-forma EBITDA beat was partially driven by a lower real estate tax provision related to the sale of its HQ, which should not recur

** Domestic EBITDA rose 1.9% on a pro-forma basis to 468 million euros ($548.2 million), above consensus of 425 million euros

** Up to the previous session's close, shares were down 9.3%​ YTD

($1 = 0.8538 euros)

 (Reporting by Hugo Lhomedet)

 ((hugo.lhomedet@thomsonreuters.com))