Orange Belgium : Financial information for the first quarter of 2018
2018年4月20日 - 2:05PM
Press release
Embargo until April 20, 2018 at 7:00
am
Regulated information
Financial information for the first
quarter of 2018
Solid commercial
start of the year with a strong retail service revenue
growth.
Q1 2018:
Revenues +0.9 % , retail service revenues +6.2
% , adj. EBITDA -11.5 % yoy at group level due
to expected MVNO impact,
+14k mobile
contract net adds, +0.2 % yoy mobile only contract ARPO[1] growth,
+19k convergent net adds in Belgium
2018 guidance
reiterated
-
Orange Belgium had a solid start of the year
with stronger commercial KPIs compared to last year
-
19 thousand new LOVE cable customers joined
Orange Belgium's convergent customer base in the course of the
first quarter of 2018 (vs. +16 thousand in Q1 2017), bringing the
total convergent customer base at 122 thousand. This performance
was achieved thanks to solid gross adds and improving churn. The
convergent mobile customer base increased by 30 thousand to 186
thousand in the first quarter of 2018, or 8 % of the mobile
contract customer base.
-
Orange Belgium's mobile momentum was further
boosted by the successful launch of the Eagle Unlimited, the first
unlimited offer in Belgium. In the first quarter of 2018, Orange
Belgium added 14 thousand mobile contract customers (vs. +3
thousand in Q1 2017), reaching a total of 2,329 thousand. Our value
accretive and 'more-for-more' propositions, in combination with the
increase in mobile data usage resulted in an increase of the mobile
only contract ARPO by 0.2 % year-on-year to 21.1 euros, despite the
impact of the Roam-Like-at-Home regulation.
-
Strong underlying adjusted EBITDA,
counterbalanced by expected MVNO revenue decline and EU-roaming
impact
-
First quarter revenues increased by 0.9 %
year-on-year to 306.6 million euros, despite the expected 10.5
million euros lower MVNO revenues and the 7.9 million euros gross
revenue impact related to the EU-roaming regulation. Retail service
revenues were up 6.2 % year-on-year, reaching 181.3 million euros
in the first quarter of 2018.
-
Orange Belgium Group's first quarter adjusted
EBITDA amounted to 60.6 million euros, compared to 68.5 million
euros in the first quarter of 2017. This was the result of the
solid increase in retail service revenues and sound cost
management, more than mitigated by the expected decline in MVNO
revenues and the impact of EU-roaming regulation.
-
Orange Belgium Group invested 31.8 million euros
in the first quarter of 2018, stable compared to the same period
last year. Cable capex was also stable year-on-year, even with more
cable customer net additions in the first quarter of 2018 versus
last year, and thanks to an improved refurbishment process of the
customer premises equipment.
-
The organic cash flow amounted to 19.9 million
euros in the first quarter of 2018. The net financial debt
decreased 28.2 million euros year-on-year to reach 295.5 million
euros at the end of the first quarter of 2018, implying a sound net
financial debt / Reported EBITDA ratio of 1.0x.
Orange Belgium
Group's consolidated key figures |
Q1 2018 |
Q1 2017 |
Variation |
|
|
|
|
mobile contract
customer base excl. M2M (Belgium) |
2,329 |
2,250 |
+3.5 % |
ARPO mobile only
contract (Belgium) |
21.1 |
21.0 |
+0.2 % |
convergent customer
base (in '000, Belgium) |
122 |
50 |
+144.2 % |
convergent mobile
customer base (Belgium) |
186 |
74 |
+152.3 % |
convergent mobile
customer as % of mobile contract customer base (Belgium) |
8.0
% |
3.3 % |
|
Revenues (mio
€) |
306.6 |
303.8 |
+0.9 % |
Retail service
revenues (mio €) |
181.3 |
170.6 |
+6.2 % |
Adjusted EBITDA (mio
€) |
60.6 |
68.5 |
-11.5 % |
Adjusted EBITDA
margin in % of revenues |
19.8 % |
22.5 % |
|
Net investment (mio
€) |
31.8 |
32.2 |
-1.3 % |
Net financial debt
(mio €) |
295.5 |
323.7 |
-8.7 % |
-
The Orange Belgium Group reiterates its guidance
for the financial year 2018
-
Based on the results of the first quarter of
2018, the Orange Belgium Group reiterates its 2018 financial
guidance as provided in February 2018 under the IAS 18 standard.
Under the newly implemented IFRS 15 accounting standard and
considering the decreasing trend in subsidies over the past year,
this guidance translates into a slight revenues growth and an IFRS
15 adjusted EBITDA between 275 and 295 million euros in 2018. In
addition, the Orange Belgium Group expects its 2018 core investment
(i.e. total investments excluding all cable related investments) to
remain stable compared to 2017.
[1] The
accounting standard IFRS15 "Revenue from Contracts with Customers"
is applicable since 1 January 2018. The Orange Belgium Group is now
publishing for the first time its financial results under this new
standard. Moreover, a new presentation of the revenues and key
performance indicators (KPI) was introduced and accordingly, the
Orange Belgium Group provided on 10 April 2018 the restated 2016
and 2017 financial and operational figures under the IFRS 15
standard and with the new revenue presentation. Moreover; on page
14 a glossary can be found detailing the new definitions.
Q1 2018 financial information
EN
Q1 2018 financial information FR
Q1 2018 financial information 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
Orange Belgium (EU:OBEL)
過去 株価チャート
から 9 2024 まで 10 2024
Orange Belgium (EU:OBEL)
過去 株価チャート
から 10 2023 まで 10 2024