Regained commercial momentum and efficient cost reduction boosting EBITDAaL

 Press release Embargo until 23 October 2020 at 7:00 am Regulated information – Inside informationFinancial information for the third quarter of 2020 and first nine months of 2020 Regained commercial momentum and efficient cost reduction boosting EBITDAaLMobile postpaid customer base +2.6% yoy / Convergence customer base +30.8% yoyQ3 Revenues 1-0.6% yoy / Q3 Retail service revenues 1+2.6% yoy Q3 EBITDAaL 1+7.2% yoy Guidance 2020 confirmed ...

Brussels, 23/10/2020 (informazione.it - comunicati stampa - telecomunicazioni)

 Press release
Embargo until 23 October 2020 at 7:00 am
Regulated information – Inside information

Financial information for the third quarter of 2020 and first nine months of 2020

Regained commercial momentum and efficient cost reduction boosting EBITDAaL

Orange Belgium Group: key financial figures

Xavier Pichon, Chief Executive Officer, commented:
I am pleased to report a quarter of excellent commercial and financial performance. Despite increased competition, we regained commercial momentum and we were able to continue our growth in mobile and convergence. Our bold positioning has enabled us to reach the milestone of 300k customers only 4 years after the introduction of the first cable customer.

The COVID-19 measures still partially impacted our operations, limiting the full capacity of our shops and salespeople. We continue to do our utmost to ensure the safety and health of our customers, our team members and all our stakeholders.

We also confirm our 2020 guidance for this year, with slight decrease in revenues, EBITDAaL of €310m-€330m, and slight decrease in eCapex.

Arnaud Castille, Chief Financial Officer, stated:
Once again, we have been able to provide strong financial results over the last quarter. Our retail service revenues increased despite the impact of the health crisis. As a result of this growth in retail service revenues along with our Bold Inside transformation program, we were able to achieve strong EBITDAaL in the third quarter. This transformation program continues to deliver a structural decrease in our costs.

We have recently announced our choice of a new supplier of our mobile infrastructure. Not only will we be able to build a top-quality network, but we will also achieve important cost savings for building and maintaining this network in the future. The estimated financials of the network sharing agreement disclosed at the announcement remain valid: cash savings of €300m over 10 years and initial set-up costs of €130m over the next 3 years.

 

Attachment