Orange Belgium : Financial information for the second quarter and first half of 2017
26 Luglio 2017 - 7:00AM
Orange Belgium
Group delivers positive commercial and financial
results
and reiterates full-year ambitions
H1 2017: Total
service revenues + 2.4 % yoy and Adjusted EBITDA + 8.4 % yoy at
group level
Q2 2017: + 21k postpaid net adds, +15k Orange Love
net adds and +1.0 % yoy postpaid ARPU growth in Belgium
Brussels, 26 July 2017 - Today,
the Orange Belgium Group (Euronext Brussels: OBEL) publishes its
results for the second quarter and first half of 2017. In the
second quarter of 2017, the Orange Belgium Group demonstrated sound
operational execution, driving positive momentum in postpaid
subscriber additions and ARPU growth further, while establishing
itself as a convergent operator. At the same time, costs were kept
well under control.
-
Orange Belgium's mobile postpaid net additions reaccelerated in the second
quarter of 2017. Orange Belgium succeeded to reaccelerate its
postpaid net additions growth in the second quarter of 2017 (+21
thousand) after a softer first quarter (+3 thousand). This
performance was realized thanks to 1/ a solid acquisition of new
customers, enticed by the convincing postpaid offers, the recently
launched Smartphone Instalment offer, intensified pre-to-postpaid
migration and the support of the convergent customer base uptake;
and 2/ improved churn management. Moreover, this growth was
realized despite a significant reduction in subsidised offers and
was as a result mainly driven by SIM-only offers.
-
Orange Belgium added close to
15 thousand convergent net additions in the second quarter of
2017. For the third quarter in a row, Orange Belgium increased
its convergent customer base by 15 thousand in the second quarter
of 2017 compared to the previous quarter to reach a total of 64
thousand Internet and TV convergent customers at the end of June,
well on track to reach the target of 100 thousand Love customers by
the end of the year. This result was achieved despite substantial
promotional activity from the key players in the fixed residential
market and before the implementation of Easy Switch, underlining
the firmness of Orange Belgium as a convergent operator. Orange
Belgium's convergent mobile customer base exceeded 100 thousand at
the end of June 2017.
-
Orange Belgium's postpaid ARPU
increased by 1.0 % year-on-year thanks to mobile data growth.
Total data traffic progressed by 61 % year-on-year, driven by an
increase in both smartphone penetration and average data usage. The
postpaid ARPU increased to 29.3 euros from 29.0 euros a year ago,
despite the impact of lower EU roaming tariffs and the accelerating
decline in EBITDA-neutral SMS traffic.
-
Orange Belgium Group realized a total
turnover of 617.2 million euros in the first half of 2017, an
increase of 1.4 % year-on-year (+3.7 % underlying growth, once
adjusted for the 13.2 million euros related to EU roaming). The
solid performance over the period was driven by the rapid
development of Orange Belgium's convergence offer and the sound
mobile service revenues growth supported by the advanced
seasonality in MVNO revenues in the second quarter of 2017 compared
to the same period in 2016.
-
Orange Belgium Group's adjusted
EBITDA increased 8.4 % in the first half of 2017 to 157.2 million
euros, compared to 144.9 million euros a year ago. This result
was realized thanks to the increase in total turnover, a sound cost
management and despite increased expenses related to the cable
activities and the impact of EU roaming regulation. This result was
achieved in parallel with a solid commercial performance.
-
Orange Belgium Group invested
77.2 million euros in the first half of 2017, of which 26.0
million euros was related to the cable activities. Despite these
growth related investments, an operational cash flow of 80.5
million euros was generated in the first half of 2017. At the end
of June 2017, the net financial debt stood at 329.7 million euros,
as a result the net financial debt/reported EBITDA ratio amounted
to 1.0x.
-
Based on the results of the first half of 2017,
the Orange Belgium Group reiterates its guidance for the financial
year 2017: growth in total service revenues, an
adjusted EBITDA between 290 and 310 million euros and total
capex excl. investments linked to the uptake of the Orange Internet
+ TV offer to remain stable compared to 2016.
-
Orange Belgium invites the
regulators to pursue their work to stimulate the competition on the
fixed internet and TV market. The telecom and media regulators
published their draft analysis on the updated TV and broadband
market for consultation by the market. The consultation will run
until September 2017, after which the Belgian Competition
Authorities and the European Commission will be notified. A final
decision is expected in the beginning of 2018. Orange Belgium
welcomes the intention of the regulators to strengthen the
competition on the fixed market, but also calls upon the regulators
to further develop and improve the draft decision as soon as
possible in the utmost interest of the consumers.
Orange Belgium Investor Relations
For the full PDF version, please click here
below:
H1 2017 results - UK
H1 2017 results - FR
H1 2017 results - NL
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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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