Belgacom FY EBITDA falls 6.7%, further drop expected in 2013

1 Mar 2013

Belgacom reported total group revenue of EUR6.4 billion (USD8.5 billion) for the year ended 31 December 2012, an increase of 0.9% year-on-year and slightly exceeding the company’s guidance. EBITDA was 6.7% lower than 2011 at EUR1.8 billion; excluding regulation, M&A and one-offs, underlying EBITDA was down 1.1%, the Brussels-based company noted. Net profit for full year 2012 was EUR711 million, EUR45 million lower that the previous year. Belgacom invested EUR753 million in its fixed and mobile network in 2012; fibre coverage now reaches 85%, while 3G-outdoor coverage stands at over 97%. At the end of 2012 Belgacom’s mobile customer base stood at 5.416 million (down by 43,000 year-on-year), while fixed internet and TV subscribers increased by 46,000 and 175,000 during 2012 to 1.637 million and 1.386 million, respectively. 3.085 million customers had a fixed line at the end of 2012, a decrease of 119,000.

For full-year 2013, Belgacom estimates its group revenue to be 1%-2% lower than for 2012, and forecasts a 4%-6% decline in EBITDA. ‘The guidance for full-year 2013 reflects the current operating environment with lower visibility due to a more volatile competitive landscape and an unfavourable economy,’ the company said. It also includes a negative impact from regulatory measures of around EUR93 million on revenue and about EUR53 million on EBITDA.

Belgium, Proximus