Proximus : A strong operational performance with higher guidance for the year
>Another strong operational performance - Proximus had another strong quarter reporting 7.3% growth in group revenue and a 4.8% growth in underlying EBITDA. This was 1.5% above consensus at €473m. Residential reported strong growth of 3.1% in Q3 with convergent revenue growth of 6.9%. The Business unit saw revenues decline by 1.2%, including €10m lower IT revenues. Wholesale was up 3.3%, which is solid. International revenues were -2.3% (-0.9% at constant currencies)...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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