- Proximus Group (OTCPK:BGAOY) dipped 0.4% in U.S. trading after Q3 earnings beat expectations with some sales help at home.
- Revenue fell 1.4% on a headline basis, though the company noted underlying domestic revenue rose 1.5%, and underlying domestic EBITDA increased 5.5% to drive group EBITDA up 4.7% to €474M (beating consensus for €454M).
- Free cash flow was €555M for the first nine months.
- The company boosted its EBITDA outlook to 3-4% growth for the full year.
- In operational results, the firm added a net 18,000 TV subscriptions to bring its total to 1.834M; added 14,000 Internet lines to hit 1.906M; lost 27,000 fixed voice lines to drop that total to 2.696M; and added 59,000 mobile cards, to bring that base to 6.567M.
- Triple- and quad-play subscribers saw 11,000 net adds for a total of 1.346M (46% of base).
- Press Release