Telecomunicazioni
Orange Belgium's Bold positioning drives another quarter of solid commercial growth
Press release
Embargo until February 13, 2019 at 7:00 am
Regulated information
Financial information for the fourth quarter and full year 2018
Orange Belgium's Bold positioning drives another quarter of solid commercial growth
Q4'18 Belgium operational highlights
Group financial highlights
Michaël Trabbia, Chief Executive Officer, commented:
“2018 was a turning point for Orange Belgium. We reshaped the telecom market with our Bold Challenger positioning, while confirming our success on the Internet & TV market with our Love offer. We listened to our customers' unmet demand for simple and worry-free offers. I am proud that we were the first Belgian mobile operator to launch unlimited mobile and convergent services.
Our unlimited offers and excellent network contributed to a record number of new customers choosing a mobile or Love offer in 2018. Our customers are clearly reaping the benefits: average data consumption has increased 79% in only one year! And for the first time, Orange was the most used mobile network in Belgium during the New Year celebration.
In 2019, we will continue to address consumer frustrations in Belgium. We will therefore launch a genuine unlimited Internet-only offer. We are committed to not increase prices on mobile and bundles. Finally, we guarantee indoor mobile coverage for each customer.”
Arnaud Castille, Chief Financial Officer, stated:
“Orange Belgium met all 2018 targets despite active competition, loss of MVNO revenues and the impact of EU roaming regulation. This demonstrates our ability to create value with a Bold positioning and highlights the Group's strong underlying performance. I am especially pleased that Adjusted EBITDA returned to growth in the third and fourth quarter.
Shaping the future, we also reached two important achievements in 2018. We signed a 5-year wholesale partnership with Medialaan, the leading Flemish commercial broadcaster. Secondly, we narrowed the convergence operations' EBITDA losses by 11% through a combination of cost optimization, churn reduction and lower wholesale price.”
Orange Belgium expects slight growth in revenues in 2019. The Company targets Adjusted EBITDA between €285m and €305m. Total capex is expected to remain stable in comparison to last year.
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