Belgium · Delayed Price · Currency is EUR Proximus Earnings Call Transcripts
Fiscal Year 2025
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Stable domestic EBITDA and strong fiber-driven growth offset competitive and structural headwinds, while Global segment resets for future growth. CapEx and net debt are set to decline, with free cash flow projected to reach EUR 400 million by 2030.
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Domestic performance remained strong with stable revenues and EBITDA growth, while the Global segment faced ongoing margin pressure and integration challenges. CapEx efficiencies improved free cash flow, and guidance was updated to reflect lower CapEx and a reset for Global ambitions.
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Domestic growth offset Global headwinds, with upgraded 2025 EBITDA guidance for domestic and revised down for Global. Fiber expansion and asset disposals progress, while integration and market shifts challenge Global performance.
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Q1 2025 saw revenue and EBITDA growth in both domestic and global segments, supported by strong network investments and a successful multi-brand strategy amid heightened competition. Asset disposals and improved free cash flow bolster financial stability, with guidance for 2025 reaffirmed.
Fiscal Year 2024
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Strong revenue and EBITDA growth in 2024, with domestic and global segments outperforming expectations. Fiber coverage expanded, customer satisfaction remained high, and cost efficiency programs offset inflationary pressures. 2025 guidance projects stable domestic results and strong global EBITDA growth.
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Q3 2024 saw strong operational and financial performance, with group EBITDA up 1.6% and domestic revenue up 1.5% year-over-year. Asset divestments progressed, including a €130 million data center sale, and the full-year EBITDA growth outlook was raised to up to 3%.
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Strong Q2 results with 5.3% group EBITDA growth, robust domestic and international performance, and upgraded 2024 guidance. Major strategic moves include full Fiberklaar ownership, a fiber MoU in Flanders, and a EUR 500 million divestment program to support free cash flow.
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Integration of BICS and Route Mobile aims to maximize synergies, with unified platforms and a focus on direct margin growth. CPaaS market trends favor omni-channel delivery, and strong exposure to high-growth regions supports ambitious financial targets, including €200M+ free cash flow by 2026.