Mobistar: First quarter 2015 results

Progressive stabilization of service revenues supports restated EBITDA growth of 5.6 % Full year guidance confirmed Brussels, 23 April 2015 - Today, Mobistar (Euronext Brussels: MOBB) publishes its results for the first quarter of 2015. * Mobistar's strategy to create levers for growth continued in the first quarter of 2015, while the company is also increasing its focus on value management...

Progressive stabilization of service revenues supports restated EBITDA growth of 5.6 %

Full year guidance confirmed

 

Brussels, 23 April 2015 - Today, Mobistar (Euronext Brussels: MOBB) publishes its results for the first quarter of 2015.

 

• Mobistar's strategy to create levers for growth continued in the first quarter of 2015, while the company is also increasing its focus on value management. This strategic direction is in particular reinforced by the monetisation of data usage driven by the solid uptake of 4G smartphones across all markets:
  • Mobistar's leading position in terms of 4G coverage has once again been confirmed by a Commsquare study in the first quarter of 2015
  • Mobistar's 4G postpaid customer base grew 19 % in the first quarter versus the end of 2014, reaching 1 out of 4 postpaid customers
     
• Mobistar's blended ARPU in Belgium increased for the second time in a row, to 23.9 euros in the first quarter of 2015 compared to 23.4 euros a year ago, an increase of 2.0 %. The postpaid ARPU even grew by 3.8 % year-on-year versus +1.8 % in the previous quarter, which is the result of Mobistar's focus on value management.
   
• Mobistar will launch its own very high speed broadband internet & digital TV cable services in Belgium after the regulators have published the consultation document governing an acceptable application of the retail-minus pricing mechanism.
   
• The solid results of the first quarter of 2015 enable Mobistar to keep its outlook unchanged for the full year 2015. Mobistar achieved in the first quarter:
  • Service revenues of 270 million euros, -2.8 % yoy, (-0.6 % excl. reg.);
  • A restated EBITDA of 70 million euros, +5.6 % yoy (+12.4 % excl. reg.);
  • An operational cash flow of 42 million euros, +55.3 % yoy (+75.6 % excl. reg.).

 

 

Mobistar Investor Relations

 

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