Digi’s net profit, up by 21.5 pc in Q1 in Romania

Digi Communications (stock symbol ‘Digi’) ended the first quarter of the year with revenues of EUR 226.7 million (an increase of 13.5 percent yoy), a net profit of EUR 15.8 million and an adjusted EBITDA of EUR 65.1 million (up by 1.7 percent yoy), as a press release sent to Bucharest Stock Exchange (BVB) reads.

Digi’s revenue in Romania for the first three month of 2017 was EUR164.9 million compared with EUR 144.6 million in the same period last year, an increase of 14.percent.

“Revenue growth in Romania was primarily driven by an increase in our mobile telecommunication services RGUs and ARPU, cable TV and fixed internet and data RGUs and an increase in other revenues. Mobile telecommunication services RGUs increased from approximately 2,840 thousand as at March 31, 2016 to approximately 3,305 thousand as at March 31, 2017, an increase of approximately 16.4 percent. Mobile telecommunication services ARPU increased to an average EUR 3.79/month for the three month period ended March 31, 2017, compared to an average EUR 3.32/month for the three month period ended March 31, 2016, an increase of approximately 14.2 percent primarily as a result of certain changes in the mix of subscription packages, customers upgrading to higher-value services and overall traffic increases,” the release shows.

Cable TV RGUs increased from approximately 2,752 thousand as at March 31, 2016 to approximately 2,893 thousand as at March 31, 2017, an increase of approximately 5.1 percent, and our residential fixed internet and data RGUs increased from approximately 1,907 thousand as at March 31, 2016 to approximately 2,030 thousand as at March 31, 2017, an increase of approximately 6.4 percent.

Growth in the mobile telecommunication services, cable TV, fixed internet and data and other revenue was partially offset by a decrease in revenue generated by our DTH and fixed-line telephony businesses as a result of decreases in RGUs in both business lines. DTH RGUs decreased from 666 thousand as at March 31, 2016 to 626 thousand as at March 31, 2017, a decrease of approximately 6 percent.

At the same time, the residential fixed-line telephony RGUs decreased from approximately 1,270 thousand as at March 31, 2016 to approximately 1,187 thousand as at March, 2017, a decrease of approximately 6.5 percent.