H124 turnover recorded an increase of 10.5% to reach XOF 877.7 billion against XOF 794.1 billion in the same period last year. The turnover growth was mainly driven by the mobile segment, which remains the main contributor to the group revenue (38.8%) followed by the data segment (34.3%), Orange Money segment (10.6%) and the broadband segment (6.2%). This growth was also driven by all the countries of the group including Senegal despite the effects of aggressive competition.
Double digit growth with improved margins FY23 turnover recorded an increase of 9% to reach XOF 1 455.05 billion against XOF 1 334.9 billion in the same period last year. The turnover growth was mainly driven by data mobile segment, which remains the main contributor to the group revenue (+20.4%) followed by fixed line broadband (+25.5%) and orange money (+25%). This performance has been favored by the densification and extension of networks and the launch of innovative offers adapted to th...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Total cash in circulation at end-17 was US$37tn, equivalent to over 40% of global GDP, or cUS$5k per capita, and over 80% of transactions globally are still conducted in cash. Its key advantages include its ubiquity and universal acceptance, low transaction costs (typically one-third of a debit card, for example) and anonymity. However, for governments, the popularity of cash is a double-edged sword. Although they can control the absolute volume of cash in circulation, transactions cannot eas...
Sonatel maintient ses bonnes performances opérationnelles et financières En 2017, le groupe Sonatel a consolidé ses performances opérationnelles et financières, renforcées par l’intégration de la nouvelle filiale Orange Sierra Léone, malgré un environnement concurrentiel, réglementaire et fiscal de plus en plus difficile. Les performances du groupe ont été rendues possibles grâce aux importants investissements réalisés dans la durée, au souci d’amélioration constante de l’expérience client, à ...
FY17 turnover recorded an increase of 7.5% to reach XOF 972.9 billion against XOF 905.00 billion the same period last year. The turnover growth was mainly driven by the mobile segment, which remains the main contributor to the group revenue (55%) followed by the mobile data (13.9%), the international interconnection (12.8%), others income (10.4%), the mobile banking (4.7%) and the landline (3.1%).
Sonatel (FY17 D/Y: 7.9%, FY17 P/E: 12.9x) reported poor FY17 results that were below expectations. EPS declined 6% yoy to XOF1,725, below our XOF1,934 estimate. DPS was maintained at XOF1,667 for the second year running, but payout ratio improved from 89% to 97% due to the lower net income. Performance was affected by a larger than expected decline in voice related revenue streams and a hike in amortisation following the recent acquisition of 4G frequencies in Sierra Leone and licence renewals i...
SONATEL’s 2016 revenues went up by 4.840% to FCFA905.036bn vs. FCFA863.291bn a year ago. The customer base reached 26.187 million. 1-The broadband activity: On 31/12/2016, the number of customers was slightly down by -1.9% to reach 277 859 customers. 2-The mobile activity: Mobile customers reached 25.795 million. The lion’s share goes to Mali with 43% of the mobile customer’s base, by the end of December 2016. 3-The internet activity: The internet park dropped by 7.4% to 113 114 cust...
​The appealing macroeconomic environment in every countries of presence combined to the company’s good operational prospects make SONATEL’s stock an attractive opportunity. From a fundamental perspective, the stock has an EV/EBITDA ratio of 4.88 (vs. 6.50 for its peer group) and traded for 10.95 times earnings (vs. 15.83 for its peer group). It is worth mentioning that we applied a 10% discount to the comparable multiples since SONATEL is more mature and has less upside potential in earnin...
Sonatel renforce sa position de leader sur tous ses marchésL’année 2015 a consacré une nouvelle fois le leadership et les solides performances opérationnelles et financières de Sonatel dans tous ses pays de présence malgré un contexte concurrentiel qui s’est beaucoup durci et un environnement réglementaire et fiscal de plus en plus difficile et impactant. Le groupe a fait face à une augmentation sensible de la pression fiscale consécutive à l’application de nouvelles taxes (TART...
Sonatel renforce sa position de leader sur tous ses marchésL’année 2015 a consacré une nouvelle fois le leadership et les solides performances opérationnelles et financières de Sonatel dans tous ses pays de présence malgré un contexte concurrentiel qui s’est beaucoup durci et un environnement réglementaire et fiscal de plus en plus difficile et impactant. Le groupe a fait face à une augmentation sensible de la pression fiscale consécutive à l’application de nouvelles taxes (TART...
SONATEL’s H1 2016 revenues went up by 2.15% to FCFA438.798bn vs. FCFA429.578bn a year ago. The customer base reached 26.945 million. 1-The broadband activity: on 30/06/2016, the number of customers was down by -1.4% to reach 282 100 customers. 2-The mobile activity: mobile customers reached 26.538 million. The lion’s share goes to Mali with 43.91% of the mobile customer’s base, by the end of June 2016. 3-The internet activity: the internet park was slightly up by 0.7% to 124 776 customers...
By the end of 2015, revenues were up by 5.77% to FCFA863.291bn vs. FCFA816.019bn, a year ago. This performance was driven by the improvement of the customer base which reached 26.5 million vs. 26.3 (0.8%). 1-The broadband activity: on 31/12/2015, the number of customers was down by -0.4% to reach 283 140 customers. Broadband revenues’ contribution to the Group’s revenues sustained at 4.1%. 2-The mobile activity: Sonatel has successfully managed to exceed the bar of 26 million mobile custome...
​2015 once again brings leadership and solid performances both financially and operationally for SONATEL in all countries where the group has a presence despite a harder, more competitive context and a legal and fiscal environment that is difficult and burdensome.Despite this difficult environment, SONATEL was able to maintain its profitability and to consolidate its leadership by conserving its strong commercial positions thanks to a more aggressive strategy, important investments made combin...
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.