Sustained financial and commercial performance

 Press release
Embargo until 20 July 2023 at 7:00 am
 Regulated information – Inside information

Financial information for the first semester 2023

Sustained financial and commercial performance

• Mobile postpaid customer base (excl. VOO) +2.7% yoy
• Cable customer base (excl. VOO) +11.4% yoy
• H1 Revenues (incl. the month of June for VOO) +2.9% comparable¹ change yoy
• H1 EBITDAaL (incl. the month of June for VOO) +0.9% comparable¹ change yoy

H1 Operational Highlights (excl. VOO)

The commercial performance remained positive especially in postpaid, despite a competitive environment nationwide. Mobile postpaid customer increased by 39k, thanks to the success of the Go portfolio as well as the hey! portfolio, bringing total subscribers to 2.85m (+2.7% yoy). Cable customer base increased by 21k, with an ending base of 464k customers (+11.4% yoy).

Orange Belgium: key operating figures (excl. VOO)
		Reported
	H1 2022		H1 2023	change
Mobile postpaid customer base (in ‘000)	2 775		2 850	2.7%
Net adds (in ‘000)	33		39	19.7%
Cable customer base (in ‘000)	417		464	11.4%
Net adds (in ‘000)		22	21	-5.3%

H1 Financial Highlights (incl. VOO)

Total revenues reached €740.5m, including VOO for the month of June, increasing by +2.9%  on a comparable1 basis, thanks to a solid retail service revenue growth. EBITDAaL increased by +0.9% on a comparable1 basis, as the higher retail service revenues are offset by the labour cost indexation and other impacts of inflation. eCapex grew by +15.5% on a comparable1 basis to €109.2m, mainly explained by network upgrade and seasonality in the delivery of customer equipment.