Mobistar reports revenue and profit declines in 1Q13

22 Apr 2013

Belgium’s Mobistar has released its financial results for the first three months of 2013, revealing a drop in both net profit and service revenues. In the three-month period ended 31 March 2013 Mobistar recorded a consolidated turnover of EUR393.0 million (USD519 million), down 1.6% year-on-year from EUR399.4 million, while service revenues also declined, dropping by 7.4% to EUR332.0 million. Mobistar attributed the decline in service revenues to the negative impact of the reduction in mobile termination rates (MTRs) and roaming rates. Indeed, the operator claimed that excluding regulatory impacts consolidated service revenues would have stood at EUR347.0 million at the end of 1Q13. EBITDA for the quarter under review totalled EUR98.7 million, representing a decline of 12.7% against the EUR113.1 million recorded in 1Q12. Consolidated net profit meanwhile was EUR35.1 million, down from EUR38.1 million in the first three months of 2012, a drop which Mobistar said had resulted from a lower EBITDA, but was offset by lower depreciation expenses, lower net financial expenses and lower tax expenses.

In operational terms, at the end of March 2013 Mobistar had 4.349 million mobile subscribers, up from 4.089 million a year earlier. Fixed line broadband and voice customer numbers, however, both fell year-on-year, to 70,103 (down from 82,272) and 225,601 (233,186), respectively.

Belgium, Orange Belgium