Proximus rises on Q3 EBITDA beat, upgraded outlook

Proximus NV

25/10/2024 08:23

** Shares in Belgian telecoms company Proximus  PROX.BR 
rise 3.7% after the group reported Q3 EBITDA above consensus,
upgraded guidance
    ** KBC says that Q3 EBITDA of 480 million euros  ($519.31
million) was "comfortably" above expectations
    ** The broker says that the solid performance was driven by
strong commercial momentum for residential mobile, flags also
that FCF was strong driven by good results and lower capex spend
    ** The co has also increased its guidance and now expects
underlying EBITDA growth of up to 3% (versus 2.5% previously)
    ** KBC says though that the outlook upgrade was already
somewhat anticipated by the market
    ** Up to the previous session's close, shares were down
25.4%​ YTD
    
  


($1 = 0.9243 euros)

 (Reporting by Marianna Ciabach-Malinowska)
 ((Marianna.ciabach@tr.com))