BRUSSELS: Orange Belgium said revenues for the first nine months of the year rose 1.5 percent from the year before to EUR 933.7 million. Underlying growth amounted to 4.7 percent, taking into account the impact of the EU roaming regulations, estimated at EUR 28.0 million.
Despite a third quarter fall in the adjusted EBITDA, for the nine months, adjusted EBITDA lifted 1.3 percent to EUR 240.3 million, from 237.1 million the year earlier. The positive result came despite a negative EBITDA contribution from separately offered cable services of EUR 14.9 million. For Q3, Orange said the decline came mainly on the back of lower MVNO revenue.
For the 9-months, Orange Belgium investments went to EUR 114.6 million, including EUR 35.5 million for cable activities. Operational cash flow went to EUR 137.4 million. At the end of September, the company’s net financial debt was worth EUR 288.3 million, with the net financial debt ratio to reported EBITDA at 0.9x.
