Q1 2026 Proximus NV Earnings Call Transcript
Key Points
- Proximus SA (BGAOF) reported a stable services revenue in the domestic segment despite intense competition and lower sports content revenue.
- The domestic EBITDA grew by 1.9% in the first quarter due to lower operational expenses.
- The company successfully launched 5G standalone on a commercial scale in Belgium, marking a significant technological advancement.
- Proximus SA (BGAOF) added 17,000 mobile postpaid cards and 10,000 internet lines, indicating robust operational performance.
- The fiber network expansion continued with 45,000 new active fiber customers, reaching a total of 776,000 active fiber customers.
- The group EBITDA decreased by 1.9% in the first quarter, primarily due to lower global EBITDA.
- Total domestic revenue was down by 1.7% due to a decrease in non-services revenue, particularly from lower IT hardware sales.
- The B2B segment faced challenges with a 2.3% decline in business services revenue, reflecting tough competition and legacy voice declines.
- Wholesale revenue declined by 7.7% year on year, mainly due to ongoing erosion of interconnect revenue.
- The fiber rollout pace slowed down, attributed to seasonality and nearing completion in dense areas, raising concerns about future expansion speed.
Hello, and welcome to the Proximus Q1 results 2026. My name is Laura, and I will be your coordinator for today's event. Please note this conference is being recorded and, for the duration of the call, your lines will be on listen-only. (Operator Instructions)
I will now hand you over to your host, Nancy Goossens, Investor Relations Lead, to begin today's conference. Thank you.
Thank you, Laura. And so welcome from my side as well to the Proximus Q1 results webcast. We will start with a brief presentation, followed by a Q&A session. Joining me today are the CEO, Stijn Bijnens; the Interim CFO, Nicolas Gaertner; the Global CEO, Seckin Arikan; and Jim Casteele, the Head of B2C and AI.
So let's begin today with today's highlights, and over to Stijn.
Also, welcome from my side to our presentation of the 2026 first-quarter results.
As you have seen in our published report this
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