Proximus reports 3.3% drop in sales in Q1, though EBITDA rises

5 May 2016

Belgian telecoms group Proximus (formerly Belgacom) has reported EBITDA of EUR418 million (USD480 million) for the first quarter to 31 March 2016, a rise of 2.5% year-on-year. However, net profit fell from EUR129 million in Q1 2015 to EUR112 million this year, while overall sales were down 3.3% at EUR1.43 billion. The domestic mobile user base fell by a net 28,000 over the last year to 4.20 million, though there was an improved balance of post-paid versus pre-paid users, with 119,000 net post-paid adds in twelve months. The fixed broadband customer total climbed by a net 92,000 in the year to end-March to 1.65 million.

Dominique Leroy, CEO of Proximus Group, commented: ‘We reconfirm our full-year guidance, with 2016 underlying domestic revenue and group EBITDA expected to grow slightly. Our EBITDA objective will be supported by the progress on our efforts to reduce cost.’

Belgium, Proximus