eir reports quarterly revenue, EBITDA increases

8 Mar 2022

eir has reported revenue of EUR332 million (USD361 million) for the quarter ended 31 December 2021, an 11% year-on-year increase, of which turnover from fixed line services accounted for EUR249 million, up from EUR216 million a year earlier, while mobile revenue increased only marginally, from EUR91 million to EUR92 million. Full year revenues for the Irish telco increased by 5% y-o-y, to EUR1.26 billion, with fixed line and mobile revenues rising by 6% (to EUR947 million) and 3% (EUR351 million), respectively. Further, eir reported EBITDA of EUR156 million for the three-month period under review, compared to EUR147 million in the last quarter of 2020, while full year EBITDA totalled EUR632 million (2020: EUR602 million). Capital expenditure totalled EUR67 million, compared to EUR63 million in 4Q20, with the company saying an increase in ‘growth CAPEX’ – which accounted for EUR47 million of the 4Q21 total – had been driven by its fibre rollout and mobile network upgrade and expansion programmes.

In terms of operational indicators, eir reported a total of 963,000 fixed broadband subscriptions as of 31 December 2021, down marginally from the 969,000 it reported a year earlier, with an increase in wholesale subscriptions – which rose by 2% y-oy- to 526,000 – failing to fully offset a 4% annualised drop in retail subscriptions, which fell to 437,000. Offering an update on its fibre infrastructure rollout, the telco confirmed that its fibre-to-the-home (FTTH) and fibre-to-the-cabinet (FTTC) networks combined now cover 2.0 million premises, up from 1.9 million at end-2020, with full fibre connectivity now available to 746,000 premises (Dec-20: 569,000).

In the mobile sector, meanwhile, it reported that its subscription total increased to 1.22 million as of end-2021, from 1.19 million a year earlier, with post-paid accesses accounting for almost 70% of the total. Mobile blended average revenue per user (ARPU) was EUR19.4 per month in 4Q21, compared to EUR20.5 in the corresponding period of 2020. eir also confirmed that, with its 5G network rollout having continued ‘at pace’, the infrastructure is now available in ‘over 430 towns and cities from 1,220 sites across all counties’.

Ireland, eir, eir Mobile