Q2 revenues were down by 3% yoy. It is indeed a good performance even if it was expected (revenues were down by 3.1% in Q1) because, if we exclude the sharp 12.7% drop in BICS revenues (the International Carrier division combined with that of the African telco MTN) due to lower voice traffic to African regions, domestic revenues grew indeed by 0.7% yoy (they were stable in Q1). But, like in Q1, the good news of the release is that, for Q2, the group managed to sustain solid EBITDA growth, up
29 Jul 2016
A good Q2 excluding the African business of BICS
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A good Q2 excluding the African business of BICS
Proximus SA (PROX:WBO) | 0 0 1.5% | Mkt Cap: 8,762m
- Published:
29 Jul 2016 -
Author:
Jean-Michel Salvador -
Pages:
3
Q2 revenues were down by 3% yoy. It is indeed a good performance even if it was expected (revenues were down by 3.1% in Q1) because, if we exclude the sharp 12.7% drop in BICS revenues (the International Carrier division combined with that of the African telco MTN) due to lower voice traffic to African regions, domestic revenues grew indeed by 0.7% yoy (they were stable in Q1). But, like in Q1, the good news of the release is that, for Q2, the group managed to sustain solid EBITDA growth, up