Proximus grows domestic revenues in Q4, targets stable 2018

Friday 2 March 2018 | 09:20 CET | News

Proximus reported revenues from its Domestic business of EUR 1.477 billion for the fourth quarter, up 0.9 percent year-on-year. Growth was supported by more mobile postpaid customers, higher usage and price changes, helping to offset the negative effects from roaming and prepaid regulations and the continued drop in fixed voice. Adjusted EBITDA rose 0.8 percent to EUR 408 million.

The results exclude the company's international arm BICS, where quarterly sales were down 6.6 percent to EUR 339 million, and EBITDA rose 3.0 percent to EUR 37 million. On a group basis, revenues fell 0.9 percent and EBITDA was up 1.0 percent in Q4, while net profit rose 10 percent to EUR 137 million. 

For 2018, Proximus again targets "nearly stable" Domestic revenues and a small increase in group EBITDA, thaks to cost efficiencies. While the impact of the roaming regulation will fade after the one-year anniversary in June, the company still expects a negative effect, also from a cut to fixed termination rates later in the year.

Capital expenditure is expected to reach around EUR 1 billion this year, excluding spectrum, with continued spend on fibre roll-out. The company spent EUR 1.1 billion last year including three years of football rights. 

Consumer customers growing with more 4-plays

In the consumer mobile market, Proximus added 8,000 postpaid customers in Q4, while the prepaid loss slowed to 8,000, as the company completed the mandatory registration of its base. The higher share of postpaid led to a 0.5 percent annual increase in blended ARPU to EUR 22.8 in Q4. 

In the consumer fixed segment, broadband and TV subscribers both increased by 18,000 in Q4, with largely stable ARPUs. The growing share of multi-play households led to a 2.0 percent year-on-year increase in household/SoHo ARPU to EUR 67.7. 

Proximus said it ended the year with a total of 687,000 quad-play customers, up from 605,000 a year earlier, while the triple-play base dropped to 743,000 from 760,000 over the same period. The Tuttimus and Bizz Al-in plans had 360,000 subscribers, after adding 54,000 in Q4 alone. 

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