By Valentina Pop
BRUSSELS--Proximus Group, until last year known as Belgacom SA,
posted second-quarter results in line with analyst expectations and
raised its full-year guidance Friday.
The telecoms company's net loss was 145 million euros ($159
million), compared with a profit of EUR251 million for the same
period last year. Second-quarter sales were EUR1.49 billion, down
1.4% compared with the same period last year. The modest results
were due to an increase in human resources related expenses and the
introduction of a regional tax.
Group earnings before interest, taxes, depreciation, and
amortization were EUR450 million, a 4.3% increase compared with the
second quarter of 2014.
Degroof Bank in a note to investors published ahead of the
results expected "a small decline" of Ebitda at EUR426 million.
Proximus Group's chief executive, Dominique Leroy, who took over
last year, said the company aims to achieve its "growth ambition"
one year earlier than expected, by December 2015.
Write to Valentina Pop at valentina.pop@wsj.com
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