VodafoneZiggo Q1 sales rise 1.8%

7 May 2021

Dutch fixed and mobile operator VodafoneZiggo’s revenues grew 1.8% year-on-year to EUR1.01 billion (USD1.22 billion) in Q1 2021, although it posted a quarterly net loss of EUR13 million compared to net profit of EUR90 million in 1Q20 as lower gains on its derivative portfolio and higher foreign exchange losses were only partially offset by growth in adjusted EBITDA – which reached EUR469 million, up by 3% y-o-y supported by increased sales and disciplined cost control, partially offset by negative net impacts of COVID-19.

Consumer and B2B cable revenues improved y-o-y by 2.5% and 11% respectively in Q1 2021. In the consumer market this was primarily driven by a 4% y-o-y increase in cable ARPU offsetting the impact of a 17,000 net decline in the internet customer base attributed to increased market competition. In the B2B segment the improved turnover was supported by organic customer growth. The operator’s DOCSIS 3.1 1Gbps cable network rollout reached 42% of its cable footprint at end-March, under a plan to reach 80% by end-2021. VodafoneZiggo also added 25,000 net consumer mobile post-paid customers in 1Q21, supported by low post-paid churn.

Netherlands, VodafoneZiggo