BUCHAREST, Romania, 14-Aug-2024 — /EuropaWire/ — Digi Communications N.V. has released its financial results for the first half of 2024, revealing a robust performance across its key markets. The company achieved consolidated revenues of €921.3 million, marking a 13% increase compared to the same period last year. Adjusted EBITDA, excluding the impact of IFRS 16, also saw a significant rise, reaching €284.6 million, a 19.3% improvement year-on-year.

The company’s growth was driven by a substantial increase in revenue-generating units (RGUs), surpassing the 25 million mark for the first time—a 14% year-on-year increase. This growth was particularly pronounced in Spain, where the mobile segment grew by 23.2% and broadband services surged by 50.6%.

Digi’s operations in Romania, Spain, and Italy continued to expand, with notable increases in mobile, fixed internet, and Pay-TV services. In Romania, mobile services grew by 15.1%, while Spain saw a 30.1% increase in RGUs across all services. The company also announced strategic expansions into new markets, including Portugal and Belgium, with significant acquisitions and agreements to enhance its market presence.

Serghei Bulgac, CEO of Digi Communications, expressed confidence in the company’s trajectory, highlighting the successful transition to a full-fledged mobile network operator in Spain and the ongoing efforts to strengthen their market position through strategic acquisitions and partnerships.

The financial report for the first half of 2024 is now available on Digi Communications’ website.

SOURCE: EuropaWire