Q2 revenues were down by 2.9% yoy, a rather disappointing number given the 0.7% yoy growth recorded in Q1. Domestic revenues were indeed stable yoy as they were up by a solid 3.2% in Q1, while revenue from BICS (the International Carrier division combined with that of the African telco MTN) were down by 12.9%, a sharper decrease than in the two previous quarters, driven by volatility in the voice business, combined with a less favourable destination mix. As in previous quarters, the EBITDA di
28 Jul 2017
Still good on the Consumer side but disappointing on Enterprise
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Still good on the Consumer side but disappointing on Enterprise
Proximus SA (PROX:WBO) | 0 0 1.5% | Mkt Cap: 8,762m
- Published:
28 Jul 2017 -
Author:
Jean-Michel Salvador -
Pages:
3
Q2 revenues were down by 2.9% yoy, a rather disappointing number given the 0.7% yoy growth recorded in Q1. Domestic revenues were indeed stable yoy as they were up by a solid 3.2% in Q1, while revenue from BICS (the International Carrier division combined with that of the African telco MTN) were down by 12.9%, a sharper decrease than in the two previous quarters, driven by volatility in the voice business, combined with a less favourable destination mix. As in previous quarters, the EBITDA di