Belgacom Q1 sales rise surprises

16 May 2007

Belgacom has reported a 0.5% rise in first-quarter revenue, defying market expectations for a decline. Belgacom said that revenue increased to EUR1.52 billion (USD2.05 billion) and that EBITDA dipped by 1.7% to EUR536 million. Net profit rose 27% to EUR319 million.

Belgacom repeated its forecast that it expected 2007 fixed line revenues to decline by 1%-2% and wireless sales – via its wireless arm Proximus – by 5% to 7%. It added that the forecast for Proximus assumed no impact this year on possible EU regulations regarding roaming. EU members and lawmakers reached a preliminary deal on Tuesday to cut such charges. ‘If there is some regulation in July… even if it does come into force quickly, it will probably be too late in the year to significantly impact the (2007) numbers,’ said a Belgacom spokesperson.

Belgium, Proximus