Q2 2025 Proximus NV Earnings Call Transcript
Key Points
- Proximus SA (BGAOF) reported strong financial performance in its Domestic segment, with both service revenue and EBITDA growing year over year.
- The company achieved over 80% 5G coverage and fiber coverage of more than 45% of Belgian homes and businesses.
- Proximus SA (BGAOF) signed a Memorandum of Understanding (MoU) with Orange Belgium to expand fiber deployment in Wallonia, enhancing fiber coverage and efficiency.
- The company successfully completed the sale of Be-Mobile, achieving its original divestment plan target of EUR500 million by 2027 ahead of schedule, and increased its ambition to EUR600 million.
- Proximus SA (BGAOF) won a major contract with NATO, positioning Proximus NXT as a key player in digital transformation for defense.
- The Global segment faced significant headwinds, particularly in the CPaaS market, leading to a downward revision of EBITDA expectations.
- Proximus SA (BGAOF) experienced accelerated challenges in the SMS CPaaS market, impacting revenue and prompting a shift in guidance.
- The company reported a decline in Global segment revenue by 18.8%, with a direct margin decrease of 10.8%.
- Operational integration challenges in the Global segment are impeding margin synergy delivery.
- The B2B unit saw a decline in total revenue by 4.4%, primarily due to a decrease in low-margin product revenues.
Hello, and welcome to the Proximus Q2 2025 analyst conference call. My name is George. I'll be the coordinator of today's event. Please note that this conference is being recorded. (Operator Instructions)
I'd like to turn the call over to your host today, Ms. Nancy Goossens, Investment Relations Lead, to begin today's conference. Please go ahead.
Thank you. Welcome, everyone. Thank you for joining this Proximus results webcast. We will start with our presentation, and as usual, we will address all your questions after that.
The presenters of today are the CEO at Interim, Jan Van Acoleyen; the Group CFO, Mark Reid. And for the Q&A, we are joined by the Residential Lead, Jim Casteele; by Renaud Tilmans for the B2B Telco part; and by the Corporate Affairs Lead, Ben Appel.
They will be taking your questions in a moment, but first handing over to Jan to take you through the highlights for today. Jan, please go ahead.
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