Proximus reports full-year 2019 results in line with guidance

21 Feb 2020

Belgian full-service telecoms operator Proximus has announced its financial results for the full year ended 31 December 2019, reporting a 0.3% rise in underlying group EBITDA to EUR1.870 billion (USD2.019 billion) from EUR1.865 billion the previous year. Net revenue fell 2.1% year-on-year from EUR5.764 billion to EUR5.638 billion, due to reduced handsets sales, regulatory issues such as new fixed termination and international calling and texting rates, and the ongoing erosion of its pre-paid and fixed voice subscriber base.

The group reported it had a total mobile telephone subscriber base of 4.828 million at 31 December 2019, of which 4.111 million were post-paid customers (up 2.4% on end-2018) and 717,000 pre-paid (down 12.8%). Despite a 1.7% increase year-on-year in consumer mobile post-paid subscribers, monthly consumer ARPU for the fourth quarter of 2019 fell 3.2% year-on-year to EUR20.5. The number of fixed broadband customers rose 1.5% to end 2019 at 2.089 million (2.057 million at end-2018), fixed voice connections fell 5.8% to 2.401 million (2.550 million in 2018), while TV subscriber numbers rose 1.4% to 1.642 million (up from 1.620 million twelve months earlier).

Proximus Group CEO Guillaume Boutin commented: ‘Through sustained customer growth and continued strong focus on reducing our costs, we delivered full-year results in line with our guidance.’

Belgium, Proximus