DIGI records strong revenue growth of 17.3% in 3Q18

14 Nov 2018

Romania-based DIGI Communications Group recorded strong revenue growth for the three months ended 30 September 2018, with the company posting turnover of EUR269.8 million (USD303.7 million), up 17.3% on the year-ago period. The group’s operating profit did fall, however, in the same period, from EUR39.3 million to EUR29.8 million, while adjusted EBITDA rose from EUR73.8 million in Q3 2017 to EUR81.7 million one year later. DIGI’s net profit for the period under review was down by 16.9% year-on-year, from EUR12.3 million to EUR10.3 million. DIGI’s Q3 2018 financial results include its new Hungarian subsidiary Invitel, wholly owned by DIGI since the end of May 2018.

In operational terms, in its Romanian market DIGI’s mobile subscribers were down 0.6% from 3.40 million in Q3 2017 to 3.38 million one year on, while its residential fixed internet and data segment performed better, increasing 10.2% from 2.09 million subscribers to 2.31 million. In Hungary, DIGI’s fixed broadband customer base (now including recent acquisition Invitel) reached 741,000 at 30 September 2018, up on a pro forma basis from 729,000 the previous quarter (482,000 DIGI/247,000 Invitel) and 709,000 in 3Q17 (459,000 DIGI/250,000 Invitel). DIGI’s Spanish MVNO once again performed strongly, increasing its subscriber base from 813,000 in Q3 2017 to 1.21 million one year later, an increase of 49.2%.

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