Proximus 2017 revenue down 0.9% year-on-year

5 Mar 2018

Belgian telecommunications provider Proximus has announced its full-year 2017 results, with the firm’s total revenue amounting to EUR1.48 billion (USD1.82 billion), down 0.9% from EUR1.49 billion in 2016. Proximus did note, however, that its underlying domestic revenue was up by 1.1% in 2017, driven by Proximus’ convergent customer growth and by Scarlet improving its position in the low end of the market. The company’s EBITDA rose 1%, to stand at EUR445 million for the twelve months ended 31 December 2017, up from EUR441 million one year previously. Proximus recorded net income of EUR552 million in 2017, an increase of 0.7% from EUR548 million the previous year.

In operational terms, Proximus had a total of 3.552 million consumer mobile customers at 31 December 2017, down from 3.679 million in 2016, while the group’s mobile enterprise customers increased to 2.197 million in full-year 2017, up from 2.108 million in the corresponding year-ago period.

Belgium, Proximus