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Mobistar forecasts further drop in EBITDA in 2014

Thursday 27 February 2014 | 10:33 CET | News
Mobistar reported revenues for 2013 down 11.5 percent to EUR 1.46 billion. The result was slightly ahead of its target of EUR 1.45 billion. Net profit dropped to EUR 87.4 million from EUR 185.7 million in 2012, and adjusted EBITDA fell 32.6 percent to EUR 335.7 million. The EBITDA margin fell to 26.8 percent from 34.3 in 2012, hurt by regulatory cuts to termination and roaming rates, the Belgian operator said. The company finished the year with 5.18 million customers in Belgium and Luxembourg, an increase of 233,155 over the year, mainly due to growth in M2M services. The number of retail

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Categories: Mobile & Wireless
Companies: Mobistar
Countries: Belgium / Luxembourg
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