Orange Belgium: Financial information for the fourth quarter and full year 2016
09 Februar 2017 - 7:01AM
Orange Belgium
reached the high end of its 2016 financial target,
established itself as a full convergent player and
benefitted from a strong momentum in mobile data
Dividend reinitiated at 0.50 euro
Brussels, 9 February 2017- Today,
the Orange Belgium Group (Euronext Brussels: OBEL) published its
results for the fourth quarter and full year 2016. In 2016, the
Orange Belgium Group was able to successfully establish its
position as a customer oriented convergent operator in Belgium and
Luxembourg. The rebranding and the launch of the convergent Orange
Internet + TV offer have yielded sound results. The new mobile
postpaid portfolio allows an ARPU accretive proposition that
responds to the strong demand for mobile data services. Orange
Belgium has succeeded in 2016 in generating more operational cash
flow and has strengthened its financial position by focussing on
its cost management and by the normalisation of the investments
following the peak of the last years.
-
Orange Belgium Group has
demonstrated its ability to be a full convergent player in the
Belgium market. Orange Belgium ended the year with 33.4
thousand Orange Internet + TV customers and 56.7 thousand
associated postpaid SIM cards. Close to 30 % of them were new
Orange customers. In the fourth quarter of 2016, Orange Belgium
accelerated the net adds of Orange Internet + TV customers to 15.8
thousand, more than the double of the previous quarter.
-
Orange Belgium Group continued
to succeed in monetizing mobile data, leveraging its leading 4G
network. The postpaid ARPU in Belgium increased to 29.0 euros
versus 28.5 euros a year ago, despite EU roaming impact, supported
by the new postpaid portfolio and the increase of 4G penetration.
Orange Belgium surpassed 2 million active smartphone users and
added 117 and 456 thousand 4G customers in the fourth quarter and
full year 2016. In December 2016, total traffic has increased by
more than 68 % year-on-year and 4G traffic represented more than 80
% of total traffic.
-
Orange Belgium Group realized a
total turnover of 321.9 and 1,241.6 million euros in the fourth
quarter and full year 2016. The total turnover benefitted from a
strong performance of total service revenues,
which grew by +2.1 % and +0.7 % year-on-year (+5.7 % and +3.4 %
excl. EU roaming impact), driven by the solid growth in mobile
service revenues, reaching its highest level since 2013, but also
thanks to a return to fixed service revenues growth in the last
quarter of 2016 driven by the Orange Internet + TV
uptake.
-
Orange Belgium Group reached the high end of its 2016 financial
target, which was upgraded in October 2016. The adjusted EBITDA
in the fourth quarter and full year 2016 amounted to 78.5 and 315.7
million euros, an increase of 63.9 % and 14.4 % compared to the
same period last year. Excluding the impact of the agreement with
the Walloon government on pylon taxes, the 2016
adjusted EBITDA amounted to 300.2 million euros, +1.1 %
year-on-year. This result was achieved despite 28.4 million
euros EU roaming gross impact. The Orange Belgium Group invested
167.6 million euros, including 18.9 million euros cable capex, and
generated an operational cash flow of 149.4
million euros in 2016. The net financial debt stood at 338.0
million euros at the end of 2016, implying a net financial
debt/reported EBITDA ratio of 1.1x.
-
The Orange Belgium Group expects its total
service revenues to grow in 2017 and aims at an
adjusted EBITDA between 290 and 310 million euros in 2017. This
guidance compares to the 300.2 million euros realised in 2016 and
shows a strong ambition especially taking into account the 31.9
million euros adverse impact of EU roaming regulation in 2017.
The Orange Belgium Group expects total capex excl. investments
linked to the successful uptake of the Orange Internet + TV offer
to remain fairly stable compared to 2016.
-
The Orange Belgium Group aims to balance the
appropriate cash returns to equity holders with the requirement of
maintaining a balanced and sound financial position, while leaving
sufficient leeway to continue to invest in its convergent strategy
and the build out of its network. Hence, the Board
of Directors of the Orange Belgium Group has decided to propose
the Annual General Meeting of Shareholder of May 3, 2017 to pay an ordinary gross dividend for the financial year
2016 of 0.50 euro per share.
Orange Belgium Investor Relations
For the full PDF version, please click here
below:
FY2016 results - NL
FY2016 results - UK
FY2016 results - FR
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Orange Belgium via Globenewswire
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