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Proximus sees return to growth year earlier than expected

2015-07-31 10:11:00| Telecompaper Headlines

(Telecompaper) Belgian operator Proximus raised its guidance for the full year, after showing underlying growth in second-quarter results. CEO Dominique Leroy said the company was made good progress on its strategic plan presented after she took office last year and would achieve its ambition to return to growth a year earlier than initially projected. For this year, the operator now expects underlying core revenue growth of around 2 percent and underlying group EBITDA growth of 3-5 percent. The company earlier forecast flat to slightly higher revenues and EBITDA in 2015. In the second quarter, it achieved 2.4 percent annual growth in underlying core revenue to EUR 1.094 billion, which excludes its wholesale business BICS, and adjusted EBITDA up 4.3 percent to EUR 450 million. 

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