Proximus supplies integrated telecommunications services on the Belgian market. Co.'s activities are divided into four segments: Consumer Business Unit (CBU), which sells voice products and services, internet and television, on fixed and mobile networks, to residential customers; Enterprise Business Unit (EBU), which caters to professional customers; Service Delivery Engine and Wholesale, which centralizes all the network and IT services and costs, provides services to CBU and EBU and sells these services to other telecom and cable operators; and International Carrier Services, which focuses on international carrier activities.
  • TickerPROX
  • ISINBE0003810273
  • ExchangeEuronext Brussels
  • SectorFixed Line Telecommunications
  • CountryBelgium
Alexandre Iatrides

ODDO : Recap on the controversy over the limiting of flat-rate mobile packages

>The Senate and the national digital council (Conseil National du Numérique) advocate capping fixed and mobile flat-rate packages - The Conseil National du Numérique published a 160-page roadmap on the environment and digital containing 50 measures, backed by several points to consider. Among the 11 proposals of measure 7 “Limiting the environmental footprint of network design and deployment, the CNNum proposes “encouraging flat-rate packages with limited consumption,...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Buoyed by outperformance in the US, the MSCI ACWI is the only broad global index that has yet to make a lower low relative to the lows set in June. This deterioration for ACWI ex-US, EAFE, and EM, continued bearish-leaning indicators, and continued downside volatility in bond yields leads us to remain cautious and concerned that global equities remain vulnerable and could be poised for additional weakness moving forward. • Additional bearish-leaning developments. In addition to the concerns we have highlighted over the past several weeks, new negative developments continue to plague the glob...

Jérôme VINERIER

Analyse court terme - PROXIMUS : La tendance est haussière.

La tendance est haussière. Les cours progressent encore, mais la tendance s'affaiblit. La prochaine résistance est à 23,21 €. La rupture de 19,10 € mettrait la tendance en danger.

Jérôme VINERIER

Short term view - PROXIMUS : The trend is bullish.

The trend is bullish. Prices are still making progress but the trend is slowing down. The next resistance is at €23.21. The break of €19.10 would endanger the trend.

Jérôme VINERIER

Analyse court terme - PROXIMUS : La tendance est haussière.

La tendance est haussière. Les cours progressent encore, mais la tendance s'affaiblit. La prochaine résistance est à 23,21 €. La rupture de 19,10 € mettrait la tendance en danger.

Jérôme VINERIER

Short term view - PROXIMUS : The trend is bullish.

The trend is bullish. Prices are still making progress but the trend is slowing down. The next resistance is at €23.21. The break of €19.10 would endanger the trend.

1 director sold

A director at Proximus sold 10,840 shares at 26.320EUR and the significance rating of the trade was 73/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board membe...

Alexandre Iatrides

ODDO : Recap on the controversy over the limiting of flat-rate mobile packages

>The Senate and the national digital council (Conseil National du Numérique) advocate capping fixed and mobile flat-rate packages - The Conseil National du Numérique published a 160-page roadmap on the environment and digital containing 50 measures, backed by several points to consider. Among the 11 proposals of measure 7 “Limiting the environmental footprint of network design and deployment, the CNNum proposes “encouraging flat-rate packages with limited consumption,...

Alexandre Iatrides

ODDO : Retour sur la polémique autour de la limitation des forfaits mobiles

>Le Sénat et le Conseil national du numérique préconisent un plafonnement des forfaits fixes et mobiles - Le Conseil National du Numérique a publié une feuille de route sur l’environnement et le numérique de 160 pages comprenant 50 mesures, elles-mêmes étayées par plusieurs pistes de réflexions. Parmi les 11 propositions de la mesure 7 « Limiter l’empreinte environnementale de la conception et du déploiement des réseaux », le CNNum propose « d’encourager les forfaits ...

Alexandre Iatrides

Proximus : The crisis weighs on revenues but offset by efforts on costs

>Revenues 1.5% below forecasts but EBITDA 2% above - Proximus has reported Q2 2020 figures at the high end of the forecast range for EBITDA:Revenues came in 1.5% below the consensus: revenues (underlying) were down 5.8% y-o-y to € 1.33bn (ODDO BHF: € 1.34bn and € 1.351bn for the consensus).The difference mainly stems from lower handset sales and, as such, has no impact on profitability. Domestic revenues were down 4.3% y-o-y, with a decline in consumer reven...

Russell Waller

New Street: W. Europe Fixed Tariff Tracker July 2020: Modest cuts in Switzerland; improving trends elsewhere

Average fixed price growth declined slightly to -2.4% YoY in July (from -1.7% in June), with price cuts in Austria and Switzerland offsetting better trends elsewhere.

Alexandre Iatrides

Proximus : La crise pèse sur le CA mais le groupe a bien compensé par les couts

>CA 1.5% inférieur mais EBITDA 2% supérieur aux attentes - Proximus a publié des chiffres T2 2020 en haut de fourchette des attentes en EBITDA :CA 1.5% inférieur au Consensus : le CA (underlying) a affiché une baisse de 5.8% yoy à 1.33 Md€ (ODDO BHF: 1.34 Md€ et Consensus : 1.351 Md€) :Le décalage provient principalement de moindres ventes de terminaux, donc sans impact sur la rentabilité. Le CA Domestic a baissé de 4.3% yoy, avec un recul du CA Consumer (-7...

ING
Alyssa Gammoudy ...
  • Hendrik Wiersma
  • Jeroen van den Broek
  • Nadège Tillier
  • Suvi Platerink Kosonen
  • Timothy Rahill

Coffee, Croissants & Credit/BNP Paribas, RBS, Proximus, Alliander & Engie

Financials: BNP Paribas earnings supported by strong CIB while other units lag. RBS: impairments push earnings to a loss in 2Q20, strong capital

ING
Hendrik Wiersma

Telecoms/Capex not structurally impacted by Covid-19

The impact of Covid-19 on the operational performances of telecom companies has been limited thus far. Areas that are affected are mainly roaming revenues due to lower travel and handset sales following store closures. Most operators have not seen a significant increase in bad debts. The longer the lockdown measures remain in place, this risk increases and is therefore closely monitored by the management teams. When looking at the comments on investments plans, we observe no big changes compared to the start of the year, with the exception of Telenor, which reduced its capex guidance significa...

ING
Alyssa Gammoudy ...
  • Hendrik Wiersma
  • Jeroen van den Broek
  • Nadège Tillier
  • Suvi Platerink Kosonen
  • Timothy Rahill

Coffee, Croissants & Credit/BBVA, Danske Bank, Société Générale, BAWAG, Carlsberg, KPN, Orange, Proximus, Suez & Shell

Financials: BBVA earnings drop to a loss due to goodwill impairment and Covid-19 charges, capital shrinks with higher RWA. Danske Bank reports weak earnings and deteriorating credit quality. Société Générale earnings drop to a loss due to higher impairments and poor revenues. BAWAG's earnings down with higher provisions, capital ratio mainly shrinks with dividend accrual

ING
Alyssa Gammoudy ...
  • Hendrik Wiersma
  • Nadège Tillier

Benelux Credit Digest/Corporate issuer profiles

Once again, it is with great pleasure that we present the twelfth edition of our Benelux Credit Digest, our annual overview of the key fundamentals and credit metric developments of the most important corporate non-financial credits in Belgium, the Netherlands and Luxembourg.

ING
Alyssa Gammoudy ...
  • Hendrik Wiersma
  • Jeroen van den Broek
  • Nadège Tillier
  • Suvi Platerink Kosonen
  • Timothy Rahill

Coffee, Croissants & Credit/CSPP, AT1/T2 coupon risk, KBC, Belfius, AB InBev, Proximus & Oil

Strategy: CSPP holdings rise by €1.3bn, accounting for only 5% of APP

PROXIMUS SA sees an upgrade to Positive due to a better fundamental star rating

The general evaluation of PROXIMUS SA (BE), a company active in the Integrated Telecommunications industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as defensive. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Positive. As of the analysis date June 9, 2020, the closing price was EUR 20.39 and its potential was estimated at EUR 22.82.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Expert Corporate Governance Service (ECGS)

Proximus – AGM 15 April 2020

Annual General Meeting In general, Proximus is in compliance with the Belgian regulations relating to the organisation and procedures of the Annual General Meeting.  After the AGM, eight members are considered to be independant (57%) according to ECGS. Mr. Boutin, the CEO appointed in 2019, also sits on the Board.  ECGS notes that the level of disclosure concerning the Company's executive remuneration (specifically relating to the level of transparency) is weak and could be improved.  CEO and aggregate executive staff remuneration seems fairly moderate versus the sector and Belgian standar...

Expert Corporate Governance Service (ECGS)

Proximus April 17th, 2019

In general, Proximus is in compliance with the Belgian regulations relating to the organisation and procedures of the Annual General Meeting.After the AGM, the board of Directors will compromise 9-non executive directors, and seven members are concidered to be independant (77.8%) according to ECGS. Mrs Leroy, the CEO also sits on the board. ECGS notes that the level of disclosure concerning the Company's executive remuneration (specifically relating to the level of transparency) is weak and could be improved. It favors the strong deferral elevement attached to the ST variable salary of the CEO...

Proximus – Proxinvest Corporate Governance Rating ® : B

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Expert Corporate Governance Service (ECGS)

Etude de l'AG du 19/04/2017

In general, Proximus is in compliance with the Belgian regulations relating to the organisation and procedures of the Annual General Meeting.Under ITEM 6, the Board of Directors seeks approval for the Company's remuneration report. In light of insufficient disclosure and our other concerns with regard to the executive compensation package, we recommend opposition.There are no further peculiarities.

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