Full Year 2024 Orange Belgium NV Earnings Call Transcript
Key Points
- Orange Belgium SA (XBRU:OBEL) achieved strong financial growth in 2024, with revenues increasing by 1.7% year-on-year, reaching almost EUR2 billion.
- The company successfully integrated VOO, achieving EUR47.5 million in synergies, which is ahead of their initial estimates.
- Orange Belgium SA (XBRU:OBEL) expanded its mobile postpaid customer base by 4.4% year-on-year, reaching 3.7 million customers.
- The company improved its 5G coverage significantly, now reaching 93% across Belgium.
- Sustainability initiatives led to a 5% reduction in CO2 emissions and the sale of 18,000 refurbished phones, reflecting a commitment to environmental responsibility.
- Wholesale revenues and equipment sales declined, partially offsetting gains in retail service revenues.
- The company faces increased competition in 2025 with the entry of a new mobile player in the Belgian market.
- CapEx increased slightly by 1.4% to EUR368 million, reflecting ongoing investment needs.
- Labor costs are expected to remain stable in 2025 despite a 3.5% indexation increase, posing a potential financial challenge.
- The company does not foresee the potential for dividend payouts until the net debt ratio is reduced, which remains high at around 3.5.
Okay, sorry to interrupt you again. We are at schedule start time. We have seven lines connected. Do you want to begin? I would like to wait a few more moments.
Okay. I will transfer you in and (spoken in foreign language)
Hello and welcome to Orange Belgium second half 2024 results. My name is George. I'll be a coordinator for today's event. Please note this conference is being recorded (Operator instructions).
I'd like to turn the call over to your host today, Mr. Koen Van Mol, Director of Corporate Strategies and Investor Relations to be at this conference. Please go ahead, sir.
Thank you operator. Good morning, everyone and welcome to the presentation of Orange Belgium's financial results for the second half and the full year of 2024. I'm pleased to have with us today, Xavier Pichon, our CEO; and Antoine Chouc, our CFO. They will guide us through the company's performance, key achievements and strategic outlook.
Xavier will begin by providing an
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