Like in the previous quarter, the Q4 EBITDA was disappointing, down by 4.7% yoy and lfl. The good point is, however, that Proximus expects its Domestic revenue and EBITDA to grow up to 1% yoy in 2022.
In line with its accelerated fibre deployment, Proximus’ capex should grow by 8% in 2022 to exceed 20% of its sales. Well, the group has not yet left the inn and is unlikely to increase its dividends any time soon. We remain, however, at Buy.
18 Feb 2022
Still a long way to go before benefiting from fibre
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Still a long way to go before benefiting from fibre
- Published:
18 Feb 2022 -
Author:
Jean-Michel Salvador -
Pages:
3
Like in the previous quarter, the Q4 EBITDA was disappointing, down by 4.7% yoy and lfl. The good point is, however, that Proximus expects its Domestic revenue and EBITDA to grow up to 1% yoy in 2022.
In line with its accelerated fibre deployment, Proximus’ capex should grow by 8% in 2022 to exceed 20% of its sales. Well, the group has not yet left the inn and is unlikely to increase its dividends any time soon. We remain, however, at Buy.