4th consecutive quarter of near double-digit growth in retail service revenues

Press release Embargo until July 24, 2019 at 7:00 am Regulated informationFinancial information for the second quarter of 2019 and first half of 2019 4 thconsecutive quarter of near double-digit growth in retail service revenuesMobile postpaid customer base grew 6.8% yoy  on quarterly net-adds of 26k Convergence customer base  increased 58.8% yoy on quarterly net-adds of 16kRevenues: +1.9% yoy for the quarter / Retail service revenues:+9.6% yoy for the quarterEBITDAaL...

Brussels, 24/07/2019 (informazione.it - comunicati stampa - telecomunicazioni)

Press release
Embargo until July 24, 2019 at 7:00 am
Regulated information

Financial information for the second quarter of 2019 and first half of 2019

4 consecutive quarter of near double-digit growth in retail service revenues

Belgium Q2'19 operating highlights

Orange Belgium: key operating figures

Q2'19 consolidated financial highlights

Orange Belgium Group: key financial figures

1 Operating cash flow defined as EBITDAaL – eCapex
2 Operating cash flow defined as Adjusted EBITDA –Capex

Michaël Trabbia, Chief Executive Officer, commented:

As a Bold challenger, we must remain true to our customer promise for simple, generous and worry-free tariffs. We are against bad surprises, be it unjustified price increases or unreasonable out-of-bundle fees. This quarter, we pushed this customer promise further by making MMS free of charge and by extending our unlimited data tariff plans for use throughout the EU. 

This consistent positioning drove a significant change in Orange's brand's perception in Belgium. In an active competitive environment, this translated into steady commercial results, both on mobile and convergence as well as sustained strong retail service revenues growth.

Going one step further, we launched our long awaited Love Duo offer (mobile + unlimited broadband), designed for the cord-cutters who don't want to be forced to pay for a service they don't use.

Finally, the recently announced radio access network sharing agreement will help us improve network quality and accelerate 5G roll-out. This operational transaction will allow us to maintain our focus on real differentiation areas for our customers while preserving an effective competitive environment.

Arnaud Castille, Chief Financial Officer, stated:

The highlights of the second quarter were once again steady commercial and financial results. This demonstrates that our commercial focus on granting our clients simple and worry-free offers is bearing its fruits since we launched our unlimited offers last year.

I am pleased to report a fourth consecutive quarter of near double-digit growth in retail service revenues. The latter was mainly driven by convergent services as well as continued growth in our core mobile business. We continued to manage our operating expenses, thus growing EBITDAaL despite lower MVNO revenues.   

We recently received the competition authority's approval of the acquisition of BKM. We expect to finalize the transaction imminently. This acquisition will allow us to enhance our B2B offering and grow our presence in the ICT and connectivity markets.

We confirm our guidance for 2019. We are committed to delivering excellent customer service in order to maintain the commercial momentum. We remain extremely focused on extracting operational efficiencies.

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