Maroc Telecom_H1 2020 Consolidated Results
H1 2020 CONSOLIDATED RESULTSResilience of the Group’s business amid an unprecedented health crisis: 9% growth in the Group’s overall customer base, which reached 68.4 million customers;Stable consolidated revenues thanks to International activities and Mobile and Fixed line Data in Morocco;Maintain of good profitability through optimized cost management: Consolidated EBITDA margin of 52.4%, up 0.7 pt on a like-for-like basis;Rapid adaptation of network resources and capacity to respond to market developments facing the Covid-19 crisis. Revision of 2020 outlook on a like-for-like basis and at constant exchange rates:Slight decrease in revenues;Slight decrease in EBITDA;CAPEX of approximately 10% of revenues, excluding frequencies and licenses.Upon the publication of this press release, Mr. Abdeslam Ahizoune, Chairman of the Management Board, said:
«In an unprecedented context of global health crisis, the Maroc Telecom Group is mobilized to comply with the authorities’ guidelines and meet the expectations of its customers.The Group’s network capacities and infrastructures, which were very busy during the lockdown period, fully responded to the increase in demand and the expansion of new usages, without any impact on the quality of service. The relevance of the Group’s strategy, focused on investment for the strengthening of networks, infrastructures and digitalization, is thus reinforced. Maroc Telecom, a socially responsible company, has also contributed to the collective effort through numerous initiatives in Morocco and in the countries of its subsidiaries, notably through contributions to COVID funds set up by the authorities.This health context prompted the Group to adopt a broad cost optimization plan, which made it possible to maintain good performance over the half-year despite the first effects of the pandemic.»Group consolidated adjusted results**Details of the financial indicator adjustments are provided in Appendix 1.► Customer base
