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...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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