DNA reports solid second quarter performance

20 Jul 2018

Finnish multi-service operator DNA Finland has published its financial results for the three months ended 30 June 2018, reporting an increase in all key metrics. In the period under review DNA generated a total turnover of EUR225.0 million (USD262 million), up from EUR219.3 million in Q2 2017. EBITDA in the second quarter of this year totalled EUR72.2 million, up 6.8% year-on-year from EUR67.6 million, with operating income standing at EUR36.0 million, up 13.1%. Net profit, meanwhile, was EUR27.0 million in 2Q18, an annualised increase of 14.8% against the EUR22.5 million reported for 2Q17.

In operational terms, DNA had 2.827 million mobile subscribers on its books at the end of June 2018, up from 2.754 million a year earlier, with ARPU broadly unchanged at EUR18 per month (2Q17: EUR18.5), and churn at 15.4% for the three-month period. Fixed broadband accesses also continued to climb, reaching 470,000 at mid-2018, up from 449,000 twelve months previously, with cable TV subscriptions increasing a net 5,000, to 622,000 as at 30 June 2017. Fixed voice subscriptions maintained a downwards trajectory though, falling to just 45,000 at the end of the reporting, representing a y-o-y decline of almost 24%.

On the back of the company’s first-half performance, DNA said it guidance remained unchanged and it expects both net sales and comparable operating result in 2018 to remain at the same level as in 2017.

Finland, DNA Finland