Posts filed under ‘EBITDA’
French communications and entertainment group Vivendi reported a 23.7% year-on-year rise in consolidated revenues (22.1% at constant currency) to EUR6.5 billion (USD8.83 billion), as a result of strong performance from the likes of telecoms arm SFR and expected synergies delivered following recent acquisitions. Group EBITDA reached EUR1.4 billion, an increase of 15.8% (13.8% at constant currency) compared to the first quarter of 2008. Vivendi said adjusted net income was EUR649 million, down EUR48 million compared to the first quarter of 2008, mainly due to the increasing interest and share of earnings attributable to minority interests. Nonetheless, the company confirmed its 2009 outlook for strong growth of EBITA.
SFR’s revenues increased to EUR3.028 billion in the three months ended 31 March 2009, up by 31.5% compared to the same period in 2008, due to the consolidation of neuf Cegetel since 15 April 2008. On a comparable basis, SFR’s revenues decreased by 0.8% y-o-y, although excluding the impact of the decrease in switched voice revenues and equipment sales, SFR revenues increased by 1.4%, it said. Mobile turnover generated EUR2.181 billion in sales which Vivendi said was ‘stable’ due to a EUR22 million decrease in equipment sales to EUR77 million. Mobile service revenues, however, rose 1.2% year-on-year to EUR2.104 billion, driven by growth of the customer base and a sharp (36%) rise in data revenues following the launch of unlimited SMS and MMS offers, and strong development of mobile internet services in the mass market and enterprise segments. SFR added 118,000 net new mobile customers in January-March, equivalent to 51% of net additions in the period. Furthermore, SFR reported an improvement in its customer mix (+3.5 percentage points year-on-year to 69.6%), adding 178,000 new post-paid customers in the period to achieve 13.76 million contract customers at the end of March 2009. SFR launched the iPhone on 8 April, and says it has already sold 120,000 handsets.
SFR (including neuf Cegetel) reported broadband internet and fixed revenues of EUR934 million in 1Q09, down 2.7% compared to the same period in 2008 on a comparable basis. Broadband internet and fixed revenues increased by 2.3%, excluding the impact of the decrease in switched voice revenues. Aided by the launch of the ‘neufbox by SFR’, SFR added 163,000 net new broadband internet active customers in the period (or >30% of all quarterly net additions). At the end of March 2009 SFR’s broadband subscriber base totalled 4.042 million, up 9.3% compared to the same period in 2008. In addition, SFR had 164,000 Enterprise data links connected to the SFR network, 10.1% higher than a year earlier. SFR’s broadband internet and fixed EBITDA, including neuf Cegetel’s operations since 15 April 2008, decreased by EUR19 million on a comparable basis to EUR133 million.
Ukrainian wireless network operator life:) has published its results for the three months ended 31 March 2009, showing an annual 22.3% increase in subscribers to 11.5 million. Of the total, 8 million were deemed by the operator to be ‘active’, having made or received a call/SMS in the last three months. Revenues in the first quarter of 2009 were USD79.1 million, a 12.3% decrease compared to the same period of 2008. EBITDA was USD3.6 million, compared to USD2.1 million in the same period of 2008, while net losses were USD24.4 million, down from a loss of USD32.4 million in Q1 2008. General director of life:) Tansu Yegen said: ‘The first quarter of 2009 has been very challenging for the economy of Ukraine with the worsening macroeconomic situation seriously effecting the business. The national currency depreciated by around 52% against the US dollar as of 31 March 2009 compared to a year ago, although remained stable compared to the previous quarter.’
Turkey’s leading mobile operator by subscribers, Turkcell, has reported revenues of USD1.28 billion for the first quarter of 2009, an 18.5% year-on-year decline attributed by the cellco to depreciation of the Turkish lira against the US dollar. EBITDA for the three months ended 31 March fell by 18.2% to USD472 million, compared to USD577 million in the same period a year earlier. Net income was down 29.3% to USD344.2 million from USD486.8 million in 1Q 2008. ‘I am very pleased that Turkcell’s technology leadership, improved efficiency and customer focus resulted in solid financial results in the first quarter of 2009 despite the global economic downturn,’ Turkcell CEO Sureyya Ciliv said, ‘We plan to build on our strengths in technology, efficiency, and customer service. We are particularly excited about launching 3G services in Turkey within three months.’ The company added 1.3 million net new customers in the quarter, with 36.4 million users at the end of March.
Belgium’s second largest cellco by subscribers, Mobistar, has released financial results for its 2008 fiscal year, revealing earnings in line with forecasts. Total revenue for the operator for the twelve months ended 31 December 2008 rose 1.7% year-on-year to EUR1.57 billion (USD2.03 billion), although service revenue fell 0.1% to EUR1.44 billion. The drop in service revenue was attributed to continued pressure on prices and mobile termination rates (MTR), alongside the lowering of roaming fees for both voice and data. Earnings before interest, tax, depreciation and amortisation (EBITDA) fell 0.1% y-o-y to EUR591.6 million, while net profit for the twelve-month period also dropped to EUR280.1 million, down from EUR289.9 million a year earlier, a 3.4% decline. Mobistar has indicated that it expects to see net profit fall further in 2009 as a result of increased regulatory pressure and the declining economic climate.
Mobistar reported that its combined subscriber base at the end of the year had risen to 3.74 million, up almost 250,000 against the same time a year earlier. Average revenue per user (ARPU) however, had reportedly fallen by 5.9% over the year to EUR32.5 per month at 31 December 2008.