Proximus : Q3 in line, not as strong as in Q2 as expected, improvement in the guidance
>Q3 in line after a strong Q2 - Proximus reported Q3 2018 figures in line with forecasts:Revenues came in 1.1% below forecasts: revenues (underlying) were down 1.4% y-o-y to € 1.454bn (Oddo BHF: € 1.452bn and consensus: € 1.459bn):Domestic revenues were up by 0.9% y-o-y (vs 0.3% forecast), with a decline in consumer revenues (-1.9 % vs 0% forecast) and thanks to a major rebound in enterprise revenues (2.1% vs 0.9% forecast) and a renewed fall in wholesale ...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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