Australia markets closed

Orange Belgium S.A. (OBEL.BR)

Brussels - Brussels Delayed price. Currency in EUR
Add to watchlist
19.92+0.02 (+0.10%)
At close: 5:35PM CEST
Full screen
Previous close19.90
Bid0.00 x 0
Ask0.00 x 0
Day's range19.86 - 20.00
52-week range13.62 - 23.65
Avg. volume73,711
Market cap1.194B
Beta (5Y monthly)0.40
PE ratio (TTM)24.32
EPS (TTM)0.82
Earnings date26 July 2021
Forward dividend & yield0.50 (2.51%)
Ex-dividend date15 June 2021
1y target est17.10
  • Positive results despite impact of Covid-19 and strained competitive environment

    Positive results despite impact of Covid-19 and strained competitive environment

    Press releaseEmbargo until 21 April 2021 at 7:00 am Regulated information – Inside information Financial information for the first quarter 2021 Positive results despite impact of Covid-19 and strained competitive environment Mobile postpaid customer base +3.0% yoy / Cable customer base +24.8% yoyQ1 Revenues -1.0% yoy / Q1 Retail service revenues +1.9% yoy Q1 EBITDAaL +12.8% yoy, +4.6% yoy excluding seasonality effect 2021 guidance confirmed Q1 Operational Highlights Commercial performance remained solid amid a tougher competitive environment and on-going Covid-19 measures that limited the shops’ full capacity. Go portfolio remains a success, with Go Unlimited special edition gaining traction. During the quarter, 23k new mobile postpaid customers were added, reaching 2.7m subscribers (+3.0% yoy). Cable net adds continued to be strong with 23k new customers. One third of the gross adds are Love Duo customers, confirming the commercial trend of former quarters. Convergent mobile subscribers continued to grow and now represent 21.3% of mobile postpaid customers vs 17.4% achieved in Q1’20.Mobile only postpaid ARPO declined by 3.4% yoy to €19.6, due to the decrease in out-of-bundle revenues.B2C convergent ARPO decreased by 2.8% yoy to €73.8, mainly explained by the discounts provided on mobile tariff plans in convergence, as well as the continuous growth of Love Duo in the customer base, decreasing the overall ARPO. Orange Belgium: key operating figures Q1 2020 Q1 2021 change Mobile postpaid customer base (in ‘000) 2,588 2,664 3.0% Net adds (in ‘000) 9 23 160.5% Mobile only postpaid ARPO (€ per month) 20.3 19.6 -3.4% Cable customer base (in ‘000) 280 349 24.8% Net adds (in ‘000) 21 23 6.8% B2C convergent ARPO (€ per month) 75.9 73.8 -2.8% Cable customer as % mobile contract customer base 17.4% 21.3% 386 bp Q1 Financial Highlights Revenues reached €330.4m, down 1.0% yoy. Retail service revenues continued to grow by 1.9%, mainly thanks to higher convergent service revenues (+16.9% yoy). As in past quarters, Covid-19 impacted wholesale revenues (-16.0% yoy), mainly due to lower incoming SMS revenues (-€12.3m, offset by lower SMS costs). EBITDAaL grew 12.8% yoy to €70.1m, driven by higher retail service revenues, supported by lower costs (-4.2% yoy). There was a €3.6m tailwind from seasonality in advertising and promotional spend linked to the launch of Go offers in Q1’20 and €1.5m one-off related to roaming. Excluding those effects the EBITDAaL had grown +4.6% yoy to €65.0m.eCapex (excluding spectrum licence fees) increased slightly by 2.6% yoy to €36.1m. 2021 financial guidance confirmed: Orange Belgium expects low single-digit revenue growth, EBITDAaL of between €320m and €340m and eCapex between €200m and €220m. Orange Belgium Group: key financial figures in €m Q1 2020 Q1 2021 change Revenues 333.9 330.4 -1.0% Retail service revenues 224.8 229.0 1.9% EBITDAaL 62.2 70.1 12.8% margin as % of revenues 18.6% 21.2% 260 bp eCapex 1 -35.1 -36.1 2.6% Operating cash2 27.0 34.1 26.0% Net financial debt 229.0 122.6 eCapex excluding licence fees. In Q1 2020 Orange Belgium paid 10.9 million euros on licence fees.Operating cash flow defined as EBITDAaL – eCapex excluding licence fees Xavier Pichon, Chief Executive Officer, commented: The first quarter of the year was characterised by both an ever-straining competitive environment together with the extension of the Covid-19 policies. Our shops remained open but with limited capacity in accordance with the recommendations of the competent authorities. Thanks to our Team members’ commitment, we were even able to offer an improved customer experience and to attract new customers with numbers comparable to pre-pandemic levels. Despite the challenges we are facing, Orange Belgium has shown strong resilience and delivered solid commercial and financial results for this quarter. Antoine Chouc, Chief Financial Officer, stated: The positive commercial performance also resulted in good financial results. Despite the sanitary crisis, we were once again able to grow in terms of retail service revenues, confirming the resilience of our activity. Thanks to our transformation programme, seasonality effect in our indirect costs as well as the one-off in roaming, we managed to improve the EBITDAaL in comparison to the first quarter of 2020. The first quarter gives us the necessary assurance that we will achieve our guidance announced last quarter. Attachment ENG Q1 2021 - FV

  • Notice to the General Meeting of Shareholders

    Notice to the General Meeting of Shareholders

    See attachment Attachment 1 Doc0051(OBEL Convocation after layout UK AGM 2021)

  • Orange Belgium invites investors and analysts to participate to its Q1 results conference call on April 21, 2021

    Orange Belgium invites investors and analysts to participate to its Q1 results conference call on April 21, 2021

    Orange Belgium will publish its results for the first quarter of 2021 on Wednesday, April 21 at 07:00 CET. Orange Belgium Investor Relations is pleased to invite investors and analysts to participate in a conference call hosted by: Xavier Pichon, CEOAntoine Chouc, CFOKoen Van Mol, Investor Relations The conference call will start at 2:00 pm CET (1:00 pm UK / 8:00 am EST). To access the call, please dial one of the following numbers 5-10 minutes prior to the start of the conference call in order to avoid waiting time. Consequently register with following pin code: 48339699# and provide your name and the company you work for. Belgium+32 24035816Canada+1 4162164194France+33 172727403Germany+49 69222225429Ireland+353 15060451Italy+39 0236013817Luxembourg+352 27300163Netherlands+31 207095119Spain+34 911140101Switzerland+41 445831805United Kingdom+44 2071943759United States+1 6467224916 The recorded session will be available after the conference call and can be downloaded from our website. You will find the link to access the recorded session on the website below. The press release for the first quarter of 2021, the roadshow presentation and the results toolkit will be available on Wednesday, April 21 on the financial section of the corporate website at Financial results About Orange BelgiumOrange Belgium is a leading telecommunications operator on the Belgian market with over 3 million customers; Orange is also active in Luxembourg through its subsidiary Orange Communications Luxembourg. As a convergent actor, we provide mobile telecommunications services, internet and TV to private clients as well as innovative mobile and fixed-line services to businesses. Our high-performance mobile network supports 2G, 3G, 4G and 4G+ technology and is the subject of ongoing investment. Orange Belgium is a subsidiary of the Orange Group, one of the leading European and African operators for mobile telephony and internet access, as well as one of the world leaders in telecommunications services for enterprises. Orange Belgium is listed on the Brussels Stock Exchange (OBEL). For more information:, follow us on Twitter: @pressOrangeBe. Investors contactKoen Van Mol - - +32 (0) 495 55 14 99Ana Castaño – - +32 (0) 468 46 95 Press contactsYounes Al Bouchouari - - +32 (0)477 69 87 73 Attachment Invitation Q1 2021 UK