Proximus : Disappointing outlook for transitional year 2021
>4Q revenues some 2% below consensus, underlying EBITDA in line - Proximus reported 4Q20 revenues of € 1.389m, down 4.3%, and below consensus of € 1.404m. Domestic underlying revenues were € 1,089m, down 4.0% yoy (a deceleration from the 2.3% for FY20), and also 2% below consensus of € 1.109m. Underlying Group EBITDA for the quarter was € 426m, -6.1% but exactly in line with consensus (€ 426m). The estimated net effect from Covid-19 was € -16m for the quarter, which ...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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