Maroc Telecom reports stable Q1 revenue

27 Apr 2012

Moroccan group Maroc Telecom has reported consolidated revenues of MAD7.534 billion (USD890 million) for the first three months of 2012, an increase of 0.1% from MAD7.528 billion in the year-ago quarter. Solid growth in the firm’s international business, which saw a 21% year-on-year rise in revenue to MAD1.726 billion, helped to offset a 4% decline in domestic turnover to MAD5.902 billion. Consolidated earnings before interest, tax, depreciation and amortisation (EBITDA) rose 4.6% year-on-year to MAD4.223 billion in the first quarter of 2012, thanks to stabilised EBITDA in Morocco and a strong increase (32%) in international EBITDA to MAD768 million, which helped to drive a 2.2% rise in Q1 2012 consolidated earnings from operations to MAD3.04 billion.

At 31 March 2012 Maroc Telecom reported a total of 17.194 million domestic mobile customers (up 3.2% year-on-year), including 1.247 million 3G subscribers, compared to 732,000 twelve months earlier. Momentum continued in the post-paid segment, which recorded growth of 23%, to 1.08 million contract subscribers. The company’s subsidiary in Burkina Faso, Onatel, had 3.303 million mobile customers on the Telmob network at the end of March 2012, up by 23% year-on-year, while Gabon Telecom’s Libertis unit recorded a 62% jump in its number of mobile users to 644,000, but reported a loss of 27% of its fixed lines in service, with just 17,000 remaining at 31 March 2012. In Mali, Sotelma’s customer bases continued to show impressive growth: +63% for its mobile unit (Orange Mali), with 4.255 million customers at the end of the period under review, and growth of 19% for fixed line users, reaching 95,000 active connections.

Morocco,Maroc Telecom (IAM),

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