DNA reports improved profitability in H1 2016

18 Jul 2016

Finland’s DNA has published its financial results for the first half of 2016, revealing revenues that were roughly unchanged from the corresponding period a year earlier. In the six months ended 30 June 2016 DNA generated a total turnover of EUR412.2 million (USD449 million), up from EUR408.5 million in H1 2015. EBITDA in the first half of this year totalled EUR118.7 million, representing a 7.4% year-on-year increase, while operating income surged by 67% against the year-ago period to reach EUR47.4 million in H1 2016. Net profit before tax meanwhile was EUR42.6 million, up significantly from the EUR22.4 million reported in the first half of 2015.

Looking ahead, DNA has said that its outlook for 2016 remains unchanged, with net sales expected to remain at a similar level and the operating income forecast to grow ‘significantly’ in 2016.

In operational terms, at the end of June 2016 DNA had a total of 2.668 million mobile subscribers on its books, up by 121,000 (or 4.8%) y-o-y; of these 7,000 were attributed to MVNOs offering services over the company’s infrastructure. In the fixed line arena, broadband accesses increased to 432,000 at end-June 2016, up from 425,000 a year earlier, though fixed voice connections continued to decline, falling to 71,000 at the end of the reporting period, down by more than 17%.

Finland, DNA Finland