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General

Proximus raises FY outlook after strong Q3

Friday 28 October 2016 | 10:41 CET | News
Belgian operator Proximus raised its outlook for 2016, following a strong increase in underlying results in Q3. It now expects annual adjusted EBITDA growth of 3-4 percent this year, after 3.0 percent in the year to date, and maintained its forecast for a small increase in domestic revenues, after 0.7 percent growth in the first nine months. In the third quarter, Proximus reported revenues down 1.4 percent to EUR 1.487 billion, due mainly to a 9.1 percent fall at its wholesale unit BICS. The company said underlying revenues in Belgium rose 1.5 percent. The group's adjusted EBITDA rose 4.7

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Categories: General
Companies: Proximus
Countries: Belgium
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