DNA reports first quarter revenue growth as mobile subscriber numbers continue to rise

21 Apr 2017

Finnish multi-service operator DNA has reported a 5.7% year-on-year increase in net sales to EUR214 million (USD230 million) in the first quarter of 2017, citing the continued strong growth in service revenue. EBITDA in the three-month period was also up, rising by 9.7% to EUR65.9 million from EUR60.1 million a year earlier. Net profit, meanwhile, totalled EUR21.2 million, representing an almost 17% increase against the EUR18.2 million reported for the corresponding period in 2016. On the back of these results, DNA has said it expects net sales to remain at the same level in FY 2017 as it was in the previous fiscal year, while it said its comparable operating result is expected to ‘improve somewhat’ this year.

At the end of March 2017 DNA’s mobile subscriber base stood at 2.73 million, representing a 3.8% y-o-y increase, while the operator was keen to note that it had seen a ‘clear improvement’ in ARPU for mobile communications, with it rising from EUR16.4 a month in 1Q16 to EUR17.8 a year later. The company’s fixed broadband base also continued to grow, reaching 444,000 at the end of the reporting period, up from 432,000 at end-March 2016, while cable TV subscribers numbered 614,000, up from 606,000. Fixed voice accesses remained on a downward trajectory though, falling to 62,000 at the end of the first quarter of 2017, down from 74,000 a year earlier.

Finland, DNA Finland