Mobistar retains guidance despite 7.2% EBITDA decline

23 Jul 2009

Mobistar, Belgium’s second largest mobile operator by subscribers, has posted its financial results for the six months ended 30 June 2009, retaining its full-year guidance despite a fall 7.2% year-on-year decline in earnings before interest, tax, depreciation and amortisation (EBITDA). Mobistar reported EBITDA of EUR278.4 million (USD375 million) at end-June 2009, compared to EUR300 a year earlier. Revenue remained flat at EUR713.3 million for the six-month period, while consolidated net profit dropped 11.4% y-o-y to EUR128.5 million.

Belgium, Orange Belgium