Orange Belgium : Financial information for the first quarter of 2017
21 Aprile 2017 - 7:01AM
Orange Belgium
delivers growth in both total service revenues and EBITDA and
reaches a key milestone of 50k convergent customers supported by
its LOVE offer
Brussels, 21 April 2017- Today,
the Orange Belgium Group (Euronext Brussels: OBEL) published its
results for the first quarter of 2017. In the period ended 31 March
2017, Orange Belgium's customers have continued to convert towards
more data rich plans, driving value creation further with a
positive effect on the postpaid ARPU. Orange Belgium is
transitioning from a mobile-only operator into a high quality
convergent operator with associated cross-sell opportunities and a
balanced value and acquisition strategy.
-
Solid commercial momentum for
Orange Belgium's convergent LOVE offer with 16 thousand net
additions. The introduction of Orange Belgium's convergent
"LOVE" offer mid-February is an important booster for the company's
overall brand awareness, and in particular for its convergent
offer. At the end of the first quarter of 2017, Orange Belgium
registered 50 thousand LOVE customers with 78 thousand attached
mobile contracts, an increase of 16 and 21 thousand
quarter-on-quarter respectively. In addition to the steady
marketing effort of the LOVE offer, the 'easy switch'-campaign of
the government in the second half of 2017 will further contribute
to raising the level of awareness among the Belgian population. The
success of convergence as an acquisition tool is confirmed in the
first quarter of 2017 as the rate of newly acquired customers has
increased compared to 2016.
-
Orange Belgium successfully
stood by its customers in their increasing mobile data usage.
The demand fundamentals of the Belgian mobile market remained
unchanged, underpinned by the continued increase in 4G smartphone
penetration and mobile data usage. On the supply side, the market
is very competitive with an increase in promotional activity in the
first quarter of 2017. Orange Belgium remained focused on value
creation with its strategy to monetise mobile data. The company
developed its 4G smartphone penetration rates to above 50 %. The
average monthly mobile data consumption of Orange Belgium's
smartphone customer base has further stepped up in March 2017 to
1.5 GB, contributing to a 60 % year-on-year increase in total data
traffic of which 4G now represents 83 %. As a result, the postpaid
ARPU[1] has
increased to 28.9 euros from 28.6 euros a year ago, despite the
adverse EU roaming impact.
-
The Orange Belgium Group
reached a total turnover of 307.2 million euros in the first
quarter of 2017. Total services revenues came out
at 274.0 million euros, up +0.6 % year-on-year with mobile
service revenues -0.4 % (+1.7 % excl. EU roaming impact) and fixed
service revenues progressing well with a performance of +14.3 %
year-on-year. The mobile services revenues in the first quarter of
2017 saw an accelerated decline in interconnection SMS revenues
compared to the previous quarters.
-
Orange Belgium Group's adjusted
EBITDA was 72.2 million euros in the first quarter of 2017,
an increase of 3.6 % year-on-year on a
comparable basis, i.e. excluding the 2016 Walloon pylon tax
provision of 15.8 million euros booked in the first quarter of
2016. This result was achieved despite the EU roaming
impact.
-
The Orange Belgium Group invested 32.2 million
euros, including 11.4 million euros dedicated to cable, and
generated an operational cash flow of 39.8 million
euros in the first quarter of 2017. The net financial debt stood at
323.7 million euros at the end of the first quarter of 2017,
resulting in a net financial debt/reported EBITDA ratio of
1.0x.
-
Based on the results of the first quarter of
2017, the Orange Belgium Group reiterates its guidance for the
financial year 2017: growth in total service revenues and an adjusted EBITDA between 290 and 310 million euros in
2017. This guidance shows a strong ambition especially taking into
account the EU roaming regulation impact of 31.9 million euros in
2017. The Orange Belgium Group expects total capex excl.
investments linked to the successful uptake of the Orange Internet
+ TV offer to remain fairly stable compared to 2016.
Orange Belgium Investor Relations
For the full PDF version, please click here
below:
[1]See page 12
for change in ARPU definition.
Q1 2017 results - UK
Q1 2017 results - FR
Q1 2017 results - NL
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Orange Belgium via Globenewswire
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