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MásMóvil lost 151 million, but is growing in customers

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MásMóvil lost 151 million, but is growing in customers

The company expects greater synergies and benefits of contractual agreements before end of year

Másmovil 'attacks' with new convergent, in full escalation of prices in phone bill

MásMóvil is released in market with continuous climbs and some doubts.

MásMóvil closed first half of 2017 with a loss of 151,3 million euros due to negative impact of accounting of convertible ACS, compared to 8.7 million lost in first six months of 2016, although its gross result of exploitation (Ebitda) increased by 64%.

In a statement to National Commission of Market of Values (CNMV), MásMóvil he explains that accounts of results of first half include a negative impact of 141 million euros according to agreement with ACS on convertible that he owned construction company.

In this context, company notes that net profit adjusted by non-recurrent costs and or impacts accounting non-business related amounts to 19 million euros. In addition, agreement with ACS also has negatively influenced non-recurring costs (16 million euros), or interest of convertible Providence and ACS (18 million euros), among ors.

on or hand, Ebitda recurrent MásMóvil , reached in six first months of 2017 104 million euros, which represents a 64% 55,8 million euros in first half of 2016.

sales turnover for The fourth operator convergent in country stood at end of first semester in 609,2 million euros, which represents a 13% increase in comparison with 538,2 million euros a year ago. In particular, service revenues grew amounted to 474 million euros (+18% ) and accounted for 78% of group's total revenue.

with Respect to commercial performance, MásMóvil reports that added a total of 337,000 contract lines mobile in first half of year (173.000 in second quarter) , to reach 4.5 million mobile lines. In addition, it has 227.000 broadband customers after adding 78,000 or lines converging furr in second quarter.

Updating forecasts

After se results company has assured that it has "increased confidence" in achieving your goal of obtaining an Ebitda-recurring of more than 200 million euros in 2017 and reports that will update its objectives before end of year or in communication of results of third quarter.

In this regard, notes that positive contribution from synergies (in areas of overhead, IT, sales, customer care, network, among ors) and of savings contract of more than 60 million euros generated by new national roaming agreements with Orange and Telephone will be closed during rest of year 2017.

In this line, points out that during first half of 2017 most of traffic off-net Yoigo he remained on Telefónica network, but points out that migration to network of Orange will end mostly at end of 2017.


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