Digi Communications revenues, up 14.2% in 2019

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Consolidated revenues of Digi Communications NV were € 1.186 billion in 2019, an increase of 14.2% compared to the results recorded on December 31, 2018, while net profit advanced to € 41.79 million, it announced on Friday, company.

In 2018, the net profit was 18.02 million euros.

“The consolidated revenues of Digi Communications NV, a leading company in the field of electronic communications, with operations in Romania, Hungary, Spain and Italy and the parent company of the operator RCS & RDS SA, reached approximately 1.2 billion euros, in 2019, according to the unaudited preliminary financial report published on Friday, February 21, 2020 ”, the statement said.

Adjusted EBITDA was 446 million euros (including the impact of IFRS 16), which translates into an increase of 37.5% compared to the previous year (from 324.6 million euros as of December 31, 2018).

Also, the total number of units generating income (RGU) increased by 8%, at the end of last year, reaching RGU 16.1 million compared to RGU 14.9 million at the end of 2018, the highest level of the number total services offered by the company in its history ”, the press release states.

The total level of consolidated liabilities increased to 990.7 million euros, compared with 93.2 million euros in 2018.

In Romania, the group continued to strengthen its position on its main market, both on the cable television segment and the fixed internet segment, with a 6.9% increase in the number of revenue-generating units (4.1 million RGU as of December 31, 2019, compared to RGU 3.8 million as of December 31, 2018) and respectively, an increase of 9.8% of RGU on the Internet and fixed data segment (RGU 2.8 million at December 31, 2019, as against 2, RGU 5 million, for the same period of the previous year).

The constant increase in the number of services for the main services in the portfolio was supported by the expansion of the fiber optic infrastructure, the optimization of the coverage of the mobile communications networks and the high standards in the customer-care policy.

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