MASMOVIL Group obtains a net profit of 57M€ in the first 9 months
of the year and adds a total of 1,4M of new clients
The Group continues leading the Spanish
telecommunications market and exceeds 1M customer acquisition
combined fixed broadband and mobile postpaid in the first 9 months
of the year
MASMOVIL Group obtains a net income of
57M€ in the first 9 months of the year and adds a total of 1,4M new
customers
- The Group continues improving its profitability and EBITDA in
the first 9 months of the year increases by 42% to 240M€. EBITDA
for the third quarter reached 85M€ (+32%), 5M€ more than in
Q2.
- Revenue services increased by 17% to 859M€ and total revenues
grew by 9% to 1.038M€.
- The Company leads mobile and fixed portability during 2017 and
2018 and had 6.9M customers by the end of September.
- Its fiber network exceeds 14,4M households, 4,8M with own
fiber.
- The Group upgraded its guidance for 2018 and expects to reach a
recurring EBITDA of 330M€.
Madrid, October 29th, 2018.-
MASMOVIL Group today presented its results for the first nine
months of the year in which the Company increased
profitability and continued leading the growth of the
telecommunications market in Spain.
In this period, MASMOVIL Group reached a
net income of 57€ and an adjusted net income of 106M€.
In addition, considering the evolution of the
Company during the first nine months of the year, MASMOVIL has
updated and increased its guidance to reach an EBITDA by the end of
FY18 of 330M€, compared to 300M€ of the initial guidance.
MASMOVIL continue increasing the
profitability of the Group in the first nine months of the year
reaching 240M€ EBITDA (+42), more than 80% of full year
guidance. EBITDA margin reached 23%.
In the third quarter, EBITDA reached a
new record of 85M€, 5M€ more than the previous quarter (+6%), and
32% more than the same period of the last year. EBITDA margin in
the quarter has reached 23% vs 19% of the same period of the last
year.
In 9M18, the Company delivered Service Revenues
of 859M€ (+17% yoy). During the third quarter, service
revenues reached 305M€, +16% vs the same period of the previous
year.
Total revenues during the first 9 months
of the year grew to 1.038M€ (+9%). During the third quarter, total
revenues reached a total of 362M€, +6% vs last year.
During 2018, MASMOVIL continues making
great investment efforts, and by the end of the first nine months
of the year, the Company invested 312M€ mainly dedicated to the
development of its own infrastructures, especially its own fiber
network with an investment in this period of 179M€.
By the end of the third quarter of the
year, the Company had 14,4M households covered with its
fiber offer -including the agreement with Orange and the 39
provinces available with the NEBA offer-, of which 4,8M are
accessible with its own FTTH network.
Considering the agreement with Vodafone
that will add close to 1M households before the end of the year,
MASMOVIL Group's FTTH own network reaches 5,8M households (40% of
its current total footprint).
"As demonstrated by our results for the first
nine months of the year, MASMOVIL continues leading the growth of
the telecommunications market in Spain", said Meinrad Spenger, CEO
of MASMOVIL Group.
Commercial results: leader in customer
acquisition and satisfaction
In terms of commercial results, MASMOVIL
Group continues leading the telecommunications market in Spain. In
addition, and according to different internal studies, the Group
has the most satisfied customers in Spain.
MASMOVIL Group ended the third quarter
of the year with c. to 6.9M customers, 36% more than last
year, of which, more than 6M are mobile
(+28% vs the same period of the previous year) and 857.000
fixed broadband. 4,6M of the total mobile base are
postpaid, +17% vs the end of last year.
During the first nine months of the year,
MASMOVIL has grown in all segments and has added 1,4M
lines, of which more than 1M combined mobile postpaid (652.000) and
fixed broadband (354.000), exceeding the objective for the whole
year.
During the third quarter of the year, the Group
has added more 291.000 lines between mobile postpaid (190.000) and
fixed broadband (101.000). In the portability market, MASMOVIL led
the mobile market in the last 7 quarters and the fixed market
throughout 2017 and 2018.
Upgrade 2018 guidance
Given the performance of the Company in the first nine months of
the year, MASMOVIL updates and increases its 2018
guidance:
- Growth in Service Revenues vs FY17 from a
previous guidance of more than +10% to +17% yoy
(+70% increase vs previous guidance).
- Recurrent EBITDA of 330M€ vs.
previous guidance of 300M€ (30M€ increase vs previous
guidance).
- Total combined net increase in fixed broadband
lines and mobile post-paid lines from previous
guidance of 800k lines to 1,250k lines (+56% vs
previous guidance).
- Net Infrastructure Capex investment of 405M€
vs previous guidance of 305M€, given the increase in c1M BUs
resulting from the agreement with Vodafone and the investments
accounted for in FY18 on 5G spectrum.
About MASMOVIL Group
MASMOVIL Group is the fourth largest converging
telecommunications operator in Spain that provides fixed, mobile
and broadband Internet services for residential, business and
Wholesale, through its main brands: Yoigo, Pepephone, MÁSMÓVIL and
Llamaya.
The group relies on a fiber/ADSL network for
broadband and 3G and 4G network for mobile telephony. At present,
it has more than 14,4 million fiber households and reaches 18
million homes with ADSL. The companies’ 4G mobile network covers
98,5% of the Spanish population. The Group had 6,9 million
customers in Spain by the end of the September 2018.
MASMOVIL received the award for the best fixed
broadband operator by Grupo ADSL Zone, and the award for best fiber
operator by the website, Grupo Informático, in 2017.
Additionally, it is the operator with the
fastest fiber network in Spain according to a study by the company,
nPerf, and the operator with the fastest 3G+4G aggregated mobile
network in Spain, according to a study by the company, Tutela.
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