Orange Belgium grows Q1 service revenue on fixed expansion

Friday 21 April 2017 | 10:40 CET | News
Orange Belgium maintained its outlook for growth in full-year results after reporting a small increase in Q1 driven by its growing fixed-line activities. While the company's total revenues for Q1 fell 0.7 percent to EUR 307.2 million, due mainly to the reduction in EU roaming rates, service revenues were up 0.6 percent year-on-year to EUR 274.0 million, thanks to 14.3 percent growth in fixed revenues. Adjusted EBITDA also increased by 3.6 percent to EUR 72.2 million, after excluding the one-time gain from the Wallonia towers tax in the year-earlier period. Net profit jumped to EUR 9.8 million

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Categories: General
Countries: Belgium
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