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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Proximus SA | EU:PROX | Euronext | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.085 | -1.14% | 7.385 | 7.38 | 7.41 | 7.48 | 7.355 | 7.47 | 202,593 | 02:01:04 |
From May 2019 to May 2024
By Valentina Pop
BRUSSELS--Proximus Group, until last year known as Belgacom SA, posted second-quarter results in line with analyst expectations and raised its full-year guidance Friday.
The telecoms company's net loss was 145 million euros ($159 million), compared with a profit of EUR251 million for the same period last year. Second-quarter sales were EUR1.49 billion, down 1.4% compared with the same period last year. The modest results were due to an increase in human resources related expenses and the introduction of a regional tax.
Group earnings before interest, taxes, depreciation, and amortization were EUR450 million, a 4.3% increase compared with the second quarter of 2014.
Degroof Bank in a note to investors published ahead of the results expected "a small decline" of Ebitda at EUR426 million.
Proximus Group's chief executive, Dominique Leroy, who took over last year, said the company aims to achieve its "growth ambition" one year earlier than expected, by December 2015.
Write to Valentina Pop at valentina.pop@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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