Mobistar FY 2014 financial results

Mobistar increased postpaid customer base and revenue per user in Q4 thanks to 4G leadership

Brussels, 4 February 2015 - Today, Mobistar (Euronext Brussels: MOBB) publishes its results for the financial year 2014.

• In the fourth quarter of 2014, Mobistar's retail customer base in Belgium increased by circa 24K thanks to its sustained 4G coverage leadership, its successful 'M4GIC' marketing campaign, its completely overhauled distribution and continued growth in M2M business. Blended ARPU in Belgium ticked up to 24.3 euros in the fourth quarter, versus 23.9 euros in the previous quarter, increasing year-on-year for the first time in more than three years, driven by Mobistar's focus on value management, improved customer loyalty and data usage development.
   
• Mobistar delivered on its in-depth business transformation program quarter after quarter:
  • Mobistar achieved undisputed leadership in 4G coverage and holds #1 position in voice quality and 3G coverage;
  • Mobistar reached half a million 4G customers with 4G traffic now representing over one third of total mobile data traffic;
  • Mobistar's retail customer base increased by 49K in 2014 in Belgium despite fierce competition;
  • The postpaid net adds which turned positive in the third quarter of 2014, continued their positive trajectory in the last quarter of the year;
  • The ACE2 efficiency program exceeded its 50 million euros net savings target.
     
• Mobistar's FY 2014 results are at the high end of its guidance with a restated EBITDA of 275 million euros.
   
• Mobistar engaged with friendly users testing of its very high broadband internet & digital TV cable services, preparing for commercial launch in the course of 2015.
   
• Throughout 2014, Mobistar has taken determined measures to regain commercial momentum and reversed the trends in its key financials. In 2015 Mobistar aims at stabilizing its financials in spite of still very challenging market conditions and consequently reiterates the same guidance range as last year; i.e. a restated EBITDA of between 260 and 280 million euros excluding any expenses related to the cable opportunity.
   
• Mobistar will continue prioritizing its investment in network and future growth in 2015, hence the Board of Directors will propose the General Assembly of May 6, 2015 to refrain from paying a dividend for the financial year 2014.

Mobistar Investor Relations

For the full PDF version, please click here below:

FY 2014 results - UK
FY 2014 results - NL
FY 2014 results - FR

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Source: Mobistar via Globenewswire

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