Belgacom net profit rises to EUR973 million

2 Mar 2007

Belgacom has posted a better than expected full-year net profit of EUR973 million (USD1.05 billion) in 2006 compared to the EUR959 million recorded a year earlier, as sales climbed to EUR6.1 billion from EUR5.7 billion. EBITDA was in line with market expectations, easing to EUR2.15 billion from EUR2.21 billion. Belgacom’s fixed line operations saw a decline in revenues of 1.3% in 2006, with the company predicting a further 1%-2% fall in 2007. Proximus, the group’s wireless arm reported the addition of 58,077 net new customer in 2006, to take its total to 4.31 million, while its pre-paid/post-paid ratio improved to 46/54 from the previous year’s 52/48. Revenues from its wireless operations fell by 2% in 2006 to EUR2.13 billion, principally as a result of the introduction of cheaper pricing plans. The goup’s International Carrier Services division reported a 3.2% increase in sales to EUR736 million.

Belgium, Proximus