Mobistar reports increase in EBITDA, net profit for Q1 2015

24 Apr 2015

With Belgium’s Mobistar having published what it called a ‘solid’ set of financial results for the three months ended 31 March 2015, it said it was leaving its outlook for the current fiscal year unchanged.

In the quarter under review Mobistar generated consolidated revenues totalling EUR303.4 million (USD342 million), compared to EUR317.0 million in the corresponding period a year earlier, representing a year-on-year decline of 4.3 . However, excluding regulatory impact, the operator noted that the first quarter total consolidated turnover would in fact have only declined by 2.9. Service revenues meanwhile stood at EUR270.3 million in Q1 2015, down from EUR278.1 million, and despite the decline Mobistar highlighted the fact that this figure confirmed an improving revenue trend, adding that it was ‘a step closer’ to positive revenue growth. EBITDA for the period under review amounted to EUR68.8 million, compared to EUR64.5 million in 1Q14, up 6.8% y-o-y, while net profit also increased, rising to EUR11.8 million in the first three months of 2015, against EUR9.2 million a year earlier.

In operational terms, Mobistar reported a total of 5.472 million connected SIM cards at the end of March 2015, up from 5.150 million a year earlier, of which 3.022 million were categorised as active mobile telephony customers, compared to 3.091 million at end-March 2014. Meanwhile, with the company claiming that it continues to host the largest number of mobile virtual network operator (MVNO) customers of all Belgian cellcos, it confirmed it had increased its wholesale customer base in the course of the first quarter of 2015 with 152,722 new MVNO customers, mostly driven by the ethnic segment, bringing its total to 1.709 million. In addition, active machine-to-machine (M2M) SIM cards numbered 739,771 at the end of the reporting period, down from 749,055 at end-March 2014. Fixed broadband accesses continued to decline, falling to 30,622 at the end of the first quarter, down from 41,743 a year earlier.

Commenting on the quarterly performance, Mobistar chief executive officer Jean Marc Harion said: ‘I am pleased to announce that Mobistar’s first set of results in 2015 confirms our strategy is working. We are building growth levers alongside mobile data monetisation, thanks to our clear 4G leadership, an aggressive network rollout and innovative and attractive offers across all market segments.’

Belgium, Orange Belgium