Tue, Nov. 17, 9:51 AM
- Cellcom Israel (CEL +0.4%) is up slightly following Q3 results where earnings beat expectations though revenue came in a bit light of consensus.
- Revenue of 1.03B shekels fell nearly 10% and missed an expected 1.06B shekels, while EPS of NIS 0.40 was solidly above an expected NIS 0.26. EBITDA of NIS 235M was in line.
- Revenue breakout (including Netvision): Service revenues, NIS 789M; Equipment revenues, NIS 243M. Netvision revenues overall were NIS 238M vs. NIS 833M for Cellcom and subsidiaries.
- Cellular subscribers dipped 5.9% to 2.83M; churn rate fell to 10.1%, from 11% a year ago. Monthly cellular ARPU was 66 shekels, down 6.5% from the prior year's 70.6 shekels.
- Conference call link
- Press Release
Tue, Nov. 17, 5:30 AM
Thu, Aug. 13, 11:03 AM
- Cellcom Israel (NYSE:CEL) is up 1.6% after a Q2 report where it beat expectations on top and bottom lines though revenues dropped again amid a price-competitive Israeli wireless market.
- EPS came to NIS 0.29 on revenues of NIS 1.04B, beating an expected NIS 1.037B. EBITDA (adjusted) came in at NIS 241M, vs. an expected NIS 211M.
- Revenue by segment: Service revenues, NIS 786M (down 14.8%); Equipment Revenues, NIS 254M (up 8.1%).
- Cellular subscribers came to 2.848M, down from a year-ago 3.029M, though churn fell to 10.2% from the prior year's 11.1%. Monthly cellular ARPU was NIS 65.5 (about $17.25), down 13.1%.
- Press Release
Thu, Aug. 13, 5:47 AM
Wed, May 20, 11:38 AM
- Partner Communications (NASDAQ:PTNR) is trading down 1.3% after Q1 profits fell 52% Y/Y and missed expectations.
- Total revenues declined 4% as a slide in service revenues was partly offset by higher equipment sales. Breakouts: Service revenues of NIS 759M ($191M), down 13%; Equipment revenues of NIS 295M ($74M), up 30%.
- Cost of revenues was also up 2% as gross profit fell 27%.
- Hot competition in Israel's telecom industry continues taking a toll: The company ended the quarter with 2.77M subscribers, a drop of 162K. Churn was up to 12.7% from Q4's 11.5%. Cellular ARPU was NIS 69, down 3% sequentially.
- Free cash flow fell 86% to NIS 21M (about $5M), mainly due to increased capex along with EBITDA reduction.
- Related stocks: Cellcom (NYSE:CEL) down 1.5%; Bezeq (OTCPK:BZQIY) down 0.2%.
- Press Release
Thu, May 14, 1:23 PM
- Cellcom Israel (NYSE:CEL) is trading down 2.6% after Q1 earnings slid 77%, due in part to an extraordinary charge for voluntary retirement program.
- But even without that charge, earnings fell 55%. Net income of NIS26M (about $7M) was down from the prior NIS114M ($29M). Revenues (about U.S. $267M) dipped more than 6% Y/Y as competition in the Israel wireless market continues to run hot.
- EBITDA was NIS196M ($49M); excluding a one-time expense of NIS30M, EBITDA would be NIS226M ($57M). EBITDA margin was 18.5%, down from 30.1%.
- Revenue by segment: Service revenues, NIS800M; Equipment revenues, NIS262M.
- Cellular subscriber base was 2.885M at quarter's end.
- Free cash flow of NIS127M ($32M), down 65% Y/Y.
- Peer Partner Communications (NASDAQ:PTNR), which frequently moves in concert with Cellcom, is down 5%.
- Press Release
- Previously: Cellcom launching triple-play package in competitive Israel (May. 13 2015)
Thu, May 14, 4:34 AM
Mon, Mar. 16, 8:51 AM
- Cellcom (NYSE:CEL) is up 3% premarket after beating revenue expectations in Q4 and growing net income nearly 23% Y/Y in 2014.
- EBITDA of NIS 282M ($73M; down 15.8%) missed an expected NIS 315M. Operating income declined 22.9% to NIS 131M ($34M). Total revenue of NIS 1.14B beat an expected NIS 1.1B.
- 2014 revenue by segment: Services, NIS 3.565B ($917M, down 10.5%); Equipment, NIS 1.005B ($258M, up 6.7%).
- At year's end, about 2.967M cell subscribers (net decline of about 43K in Q4 and decline of 125K Y/Y). Cellular churn rate of 11.5% in Q4, up frrom 9.9%, and of 44% for 2014, up from 36.8% the prior year.
- The company will take a one-time charge of about NIS 30M along with entering the TV field for the first time (Cellcom launched "Cellcom TV" over-the-top services at the end of 2014; it expects 20K customers by the end of Q1.)
- Cellcom declined to issue a dividend for Q4 "given the intensified competition."
- Conference call at 10 a.m. ET.
- Press release
Mon, Mar. 16, 6:01 AM
Nov. 12, 2014, 7:04 AM
Aug. 11, 2014, 6:28 AM
May 14, 2014, 6:46 AM
Mar. 6, 2014, 6:15 AM
Nov. 12, 2013, 5:46 AM
Aug. 19, 2013, 7:07 AM
Jul. 30, 2013, 10:13 AM
- The carrier says its controlling shareholder (IDB Holding) has made it known Cellcom isn't for sale. Globes reported yesterday Golan Telecom is "seriously considering" a bid.
- Cellcom's (CEL -3.4%) Q2 revenue fell to NIS1.22B-1.24B ($342M-$347M) from 1.498B. Service revenue fell to 990M-1.01B from 1.182B.
- In spite of the revenue drops, free cash flow rose to NIS340M-345M from 284M.
- ARPU rose slightly Q/Q to NIS77.5-79.5 from 75.9, but was still down sharply from last year's 90.3, as intense price competition continues taking a toll.
Cellcom Israel Ltd operates and maintains a cellular mobile telephone system and provides cellular and landline telecommunications services in Israel. It also provides internet services and international call services.
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