O2 Czech Republic first-quarter revenues up 2.1% to USD373m

3 May 2017

Fixed and mobile operator O2 Czech Republic, majority-owned by Czech billionaire Petr Kellner’s PPF Group, posted consolidated revenues of CZK9.22 billion (USD373.62 million) in Q1 2017, up 2.1% year-on-year as EBITDA increased by 1.2% to CZK2.53 billion and net profit climbed 3.4% to CZK1.29 billion. The group noted that its domestic mobile business generated CZK4.77 billion in sales (up 3.0%) in the period under review, while Czech fixed line revenue totalled CZK3.76 billion (down 2.6%) and turnover from its Slovakian business contributed a further CZK1.73 billion (+6.8%).

O2 CR’s domestic mobile customer base closed out March 2017 with a total of 4.92 million, up 0.7% from 4.89 million at 1Q16, of which 68.5% are on monthly contracts (+1.5 percentage points). Monthly blended ARPU improved to CZK288 from CZK284, despite a 2.2% y-o-y fall in PAYG ARPU to CZK111 per month. Churn was broadly stable at 1.7%. Meanwhile, the group’s Slovak mobile business closed out Q1 with a total of 1.89 million mobile subscribers, up 3.9% y-o-y, driven by a 9.4% rise in contract users to 1.09 million, which offset a 2.7% fall in pre-paid users to 801,000.

Turning to fixed line operation, O2 CR reported a total of 677,000 fixed voice telephony lines at end-March, down 15.7% from 803,000 a year earlier, while xDSL lines declined 3.3% to 764,000 (including 514,000 VDSL lines), and pay-TV connections rose 5.0% to 222,000.

Czech Republic, Slovakia, O2 Czech Republic (incl. CETIN), O2 Slovakia