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  • 27 Oct 2023

Upward revision of the 2023 guidance for Domestic revenue and EBITDA


Proximus (PROX:EBR), 0 | Proximus SA (PROX:BRU), 0

  • AlphaValue
    • Jean-Michel Salvador

    • 3 pages


 

Domestic revenues were up by 4.3% yoy in Q3 exactly like in H1: a good number as the H2 was supposed to be less strong. Domestic EBITDA, which was down by only 0.7% yoy, was also better than expected. The group raised its guidance for 2023: revenue should grow by 3.5/4% (vs 2/3% previously) while the EBITDA decline should be limited to 2% (vs -3% previously). We maintain our opinion at Buy.

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Upward revision of the 2023 guidance for Domestic revenue and EBITDA


Proximus (PROX:EBR), 0 | Proximus SA (PROX:BRU), 0

  • Published: 27 Oct 2023
  • Author: Jean-Michel Salvador
  • Pages: 3
  • AlphaValue


Domestic revenues were up by 4.3% yoy in Q3 exactly like in H1: a good number as the H2 was supposed to be less strong. Domestic EBITDA, which was down by only 0.7% yoy, was also better than expected. The group raised its guidance for 2023: revenue should grow by 3.5/4% (vs 2/3% previously) while the EBITDA decline should be limited to 2% (vs -3% previously). We maintain our opinion at Buy.

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