Proximus Q2 sales fall 3% on BICS, roaming cuts

Friday 29 July 2016 | 11:01 CET | News
Belgian operator Proximus reported second-quarter revenues down 3.2 percent year-on-year to EUR 1.463 billion, hurt by a sharp fall at its wholesale division BICS and the impact of EU roaming price cuts. EBITDA still increased 1.7 percent to EUR 463 million, and the margin rose to 31.7 percent from 30.2 percent a year ago. Net profit fell to EUR 126 million from EUR 145 million a year ago due to higher depreciation and amortisation. Proximus reiterated its outlook for slight growth in full-year EBITDA in 2016 and said the 0.7 percent underlying growth in domestic revenues should continue in

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Categories: General
Companies: BICS / Proximus
Countries: Belgium
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