DNA reports strong results for FY 2016 as it confirms switch-on of first 4G 700MHz base station

1 Feb 2017

Finland’s DNA has published its financial results for the twelve months ended 31 December 2016, with the company recording year-on-year increases in all major metrics.

In the year under review DNA said net sale totalled EUR858.9 million (USD940 million), representing a 3.6% increase from the EUR828.8 million reported for FY 2015. EBITDA meanwhile stood at EUR236.3 million, up from EUR227.7 million in 2015, with operating profit climbing to EUR91.2 million, an almost 25% annual increase. Net profit in 2016 also saw a significant increase, rising by 30.3% against the year-ago period, to EUR65.2 million. Looking to the year ahead, DNA has said that it expects net sales to remain roughly in line with 2016, while the comparable operating result is expected to improve somewhat in 2017 and the group’s financial position and liquidity will remain ‘at a healthy level’.

In operational terms, DNA also reported gains in almost all sectors, with the number mobile subscribers on its books reaching 2.742 million at year’s end, up from 2.621 million at the end of 2015; of that total 2.721 million were subscribed directly to the company, with the remainder connected via an MVNO. Both fixed broadband and pay-TV accesses were also up y-o-y, at 440,000 and 608,000, respectively. Only fixed voice lines failed to follow the trend, with these slumping 16.6% to 65,000.

Separately, DNA has announced that it will start using its first 4G base station operating over the 700MHz band from today (1 February). Noting that it expects the frequencies in question to enhance mobile broadband connection in sparsely populated areas particularly, it has confirmed the first base station using the spectrum will go online in Somero. In terms of future rollout plans, DNA intends to expand 4G connectivity in the 700MHz ‘selectively’.

Finland, DNA Finland