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Maroc Telecom_Consolidated results at December 31, 2019

Written by Customer Service on . Posted in Earnings Releases And Operating Results.

CONSOLIDATED RESULTS AT DECEMBER 31, 2019A strong operational performance:      Close to 68 million Group customers, up 11.1%;Growth in Group revenues (+0.9% on a like-for-like basis*), driven by the rise of Mobile Data in Morocco and in the subsidiaries;Increased profitability with EBITDA margin of 51.8% up 1.2 pt on a like-for-like basis*, promoted by ongoing cost optimization;Adjusted Consolidated Cash Flow From Operations up 29.0% on a like-for-like basis*.Proposed dividend payment of MAD 4.9 billion, implying MAD 5.54 per share and representing a yield of 3.8%**.Maroc Telecom Group outlook for 2020 at constant scope and exchange rates:Stable revenues;Stable EBITDA;CAPEX of approximately 15% of revenues, excluding frequencies and licenses.To mark the publication of this press release, Mr Abdeslam Ahizoune, Chairman of the Management Board, made the following comments:
 ” Excluding the impact of ANRT decision, Maroc Telecom Group improves its performance and increases profits beyond its annual objectives. It corroborates the  relevance of its strategy based on performing networks and a range of services tailored to its market both domestic and in subsidiaries.Maroc Telecom will pursue in 2020 its investment efforts and the digitization of its services in order to improve the customer experience and the operational efficiency of its organization.”* Like-for-like basis refers to the notes of consolidating Tigo Chad, an unchanged MAD/Ouguiya/CFA franc exchange rate and
neutralization of the impact of IFRS 16
** Based on the price at February 14, 2020 (MAD 145)Group consolidated adjusted results**Details of the financial indicator adjustments are provided in Appendix 1.►   Customer base

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