Proximus reports 2.6% drop in revenues in Q2, maintains stable full-year outlook

30 Jul 2019

Belgian full-service telecoms operator Proximus has reported domestic underlying EBITDA of EUR446 million (USD496.5 million) for the second quarter of 2019, a year-on-year decline of 0.8%, while domestic revenues were down 2.6% to EUR1.08 billion in Q2 as a result of lower mobile handset sales, fewer fixed lines, pre-paid customers and pricing pressures.

The group’s mobile post-paid customer base grew 2.9% year-on-year to 4.07 million, while the number of pre-paid subscribers fell 14.9% y-o-y to 753,000. A 4.8% decline in fixed voice customers was offset by 6,000 new broadband customers and 5,000 new TV customers in the quarter, supported by its Scarlet dual-play brand strategy. The company reported 2.07 million internet and 1.63 million TV customers at the end of June.

Proximus maintained its outlook for stable revenues in the Belgian market over the full year, excluding handset sales, following a 1.4% fall in the first half of 2019. Annual underlying EBITDA is expected to be stable, after 0.5% growth in H1. Proximus CEO Dominique Leroy commented: ‘We managed to further grow our customer base in a highly competitive setting, through our dual brand strategy and segmented approach.’

Belgium, Proximus