Digi revenues up 18% in H1, net profit of EUR 21 mln in Q2

Wednesday 14 August 2019 | 14:30 CET | News

Digi Communications reported H1 revenues up 18.3 percent to EUR 575.2 million, with adjusted EBITDA rising 25.4 percent to EUR 199.4 million. Total Group RGUs increased 7 percent to 15.5 million at the end of H1. The group switched to net profit of EUR 20.8 million in Q2 from net loss of EUR 1.9 million a year ago.


Digi Communications saw its revenues rose 7 percent year-on-year in Romania to EUR 187.5  million in the second quarter, the result of both the increase in telecommunication services prices starting with March and the increase in cable TV and fixed internet and data RGUs. Cable TV RGUs increased 9.5 percent to 3.447 million, while residential fixed internet and data RGUs increased approximately 10.4 percent to approximately 2.470 million. These increases were primarily due to investments in expanding of the company's fixed fibre-optic network and to its attractive fixed internet and data packages.

Mobile telecommunication services RGUs slightly increased 0.5 percent to approximately 3.383 millionas at 30 June. Growth in mobile telephony subscribers is partially off-set by the decrease in mobile internet sticks RGUs. Mobile ARPU increased 9.1 percent to an average EUR 4.8 per month, primarily as a result of subscription prices increase and customers generating more voice and internet and data traffic.

Growth in mobile telecommunication services, cable TV, fixed internet and data was partially offset by a decrease in revenue generated by its DTH and fixed-line telephony businesses as a result of decreases in RGUs in both business lines. DTH RGUs decreased 8.3 percent to 517,000 as at 30 June, primarily driven by a number of DTH subscribers who terminated their contracts, moved to competitors or migrated from the operator's DTH services to its cable TV services. Residential fixed-line telephony RGUs decreased 8.4 percent to approximately 1 million as at 30 June, as a result of the general trend away from fixed-line telephony and towards mobile telecommunication services.


The Hungarian operator's revenues grew 28.5 percent to EUR 55.4 million in Q2 mainly due to its acquisition of Invitel on 30 May 2018 and to the increase in fixed services prices starting with March. Cable TV RGUs increased 1.8 percent to approximately 696,000, while fixed internet and data RGUs rose approximately 3.7 percent to approximately 757,000 as at 30 June. These increases were the result of investments in expanding of its fixed fibre-optic network and to its attractive fixed internet and data packages.

Fixed-line telephony RGUs decreased 3.8 percent to 691,000 as at 30 June. DTH RGUs decreased 7.7 percent to approximately 276,000 as a number of DTH subscribers terminated their contracts, moved to competitors or migrated from Digi's DTH services to its cable TV services.

Starting from 27 May, Digi launched mobile telephony services in Hungary through its local network. It said it's testing the network, therefore this offering is limited to its existing customers for the moment.


Revenue in Spain grew 53.6 percent to EUR 46.4 million due to the 45.4 percent increase in mobile telecommunication services RGUs to approximately 1.634 million. This was primarily due to new customer acquisitions as a result of more attractive and affordable mobile and data offerings. Fixed internet and fixed telephony services were launched by Digi Spain towards the end of September 2018, as a resale product on Telefonica’s network, and generated revenue of EUR 2.0 million for the three month period ended 30 June.


Revenue in Italy decreased 6.8 percent to EUR 5.5 million primarily due to customers being attracted by lower value offerings. Mobile telecommunication services RGUs increased 1.9 percent to approximately 213,000.

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Categories: General
Companies: Digi
Countries: Hungary / Italy / Romania / Spain
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