Telecomunicazioni
Strong commercial success validates Orange Belgium's position as a Bold Challenger
Press release
Embargo until October 24, 2018 at 7:00 am
Regulated information
Financial information for the third quarter and first nine months of 2018
Q3 2018 retail services revenue grew 10.1% yoy and adjusted EBITDA 2.2%
Belgium operational highlights
Group financial highlights
Michaël Trabbia, Orange Belgium's Chief Executive Officer, commented:
“We are very proud of our strong commercial performance in mobile and convergence, which is the result of our Bold Challenger positioning. We listened to the unmet expectations of Belgian customers for simple and worry-free offers. In the first half of 2018, we launched the first full unlimited mobile and convergent offers in Belgium, and we gave access to unlimited voice combined with a good data bundle to the vast majority of our customers.
This strategy allowed us both to attract new customers and to significantly improve their loyalty. Thanks to these new offers, the mobile data consumption growth of our customers accelerated since the beginning of the year, reaching 73% yoy. With the continued success of our convergent offers, over 10% of our mobile customers are now convergent.”
Arnaud Castille, Chief Financial Officer, stated:
“Adjusted EBITDA resumed growth in a context of strong commercial success. This was driven by increasing revenues as well as cost management. EBITDA margin also improved as we diligently pursue operational efficiencies. The convergence operations' EBITDA loss has decreased despite a fast growing subscriber base. We have delivered compelling organic cash-flow growth this quarter. Our balance sheet position remains solid and this allows us to continue investing for our customers' satisfaction.”
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