Tag Archives: Dan Ionita

Digi Communications N.V. reports a solid Q1 2024 with revenues up 12% YoY

BUCHAREST, Romania, 15-May-2024 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (“Digi” or the “Company”), one of the leading European telecommunications companies, listed on the Bucharest Stock Exchange, informs the shareholders and investors that the Q1 2024 Financial Results are available on the Company’s website: https://www.digi-communications.ro/en/investor-relations/shares/financial-results-shares/quarterly-reports-shares  

The Company reports consolidated revenues in the first quarter of 2024 (including revenues and other income) of EUR 446.7 million, a 12% increase versus Q1 2023. The adjusted EBITDA for Q1 2024 amounted to EUR 163.1 million (+21.9% YoY), and adjusted EBITDA excluding the IFRS 16 impact was EUR 139.9 million (+23.4% YoY). This performance aligns with the management’s projections for 2024, underpinned by solid growth in strategic markets.

  • Digi Communications consolidated revenues and other income increased 12% year-on-year in Q1 2024, reaching EUR 446.7 million.
  • An adjusted EBITDA (excluding IFRS 16 impacts) of EUR 139.9 million, marking a 23.4% rise due to an expanding customer base across Romania, Spain, and Italy.
  • A significant rise in revenue-generating units (RGUs) across all three markets, approaching the historic milestone of 25 million RGUs – a 14.3% increase year-over-year (YoY) – spanning mobile, fixed internet, Pay TV, and fixed telephony services.

Serghei Bulgac, CEO of Digi Communications, stated: “Following a year of remarkable expansion in 2023, we are thrilled to report a robust first quarter of 2024. Our key markets, Romania and Spain, have maintained strong performance and allowed us to reach a historical milestone of 25 million clients served, across all three markets of activity. This important growth from the first three months of the year was driven by our mobile segment in Spain, which grew by 23.6%, reaching 5 million customers. In parallel, Spain’s broadband segment experienced accelerated growth of 56.7%, now serving 1.5 million users. Romanian mobile users exceeded 6 million with an increase of 16.3% year on year. These figures indicate another year of anticipated growth, aligning with our expectations and capability to meet evolving consumer needs in a competitive landscape. We are committed to continue to deliver superior quality at affordable prices across vibrant European markets, including established regions and new markets in Belgium and Portugal, where we are gearing up for the service launch.”

In Q1 2024, Digi Communications continued its growth trajectory across all service portfolios, registering a 14.3% YoY increase, approaching 25 million RGUs across Romania, Spain, and Italy. The company’s diverse offerings include mobile and fixed-line telephony, broadband data services, and Pay TV. In Romania, Digi operates a state-of-the-art fibre optic network for fixed and mobile telecommunication, broadband and entertainment solutions. In Spain, Digi provides mobile, broadband, and fixed-line services, and in Italy, the Group offers exclusively mobile services.

The mobile division delivers the most revenue-generating user agreements (RGUs) within the Group, accounting for 46.4% of the overall RGUs in the three markets. Maintaining its momentum from past quarters, in Q1 2024, the mobile segment saw the RGUs climb to 11.5 million, a 19.5% YoY increase, covering mobile telephony clients across Romania, Spain, and Italy.

In Romania, the mobile service segment reached 6 million RGUs in Q1 2024, an evolution of 16.3% compared to Q1 2023. Fixed internet services registered an increase of 7.8% YoY in Q1 2024, up to 4.7 million RGUs, while the Pay-TV services (cable and satellite) segment increased by 3.8% compared to Q1 2023, up to 5.7 million RGUs. Adding the fixed-line telephony, the total number of RGUs in the Romanian market amounted to 17.3 million customers as of the end of Q1 2024, a 8.5% YoY increase.

Spanish operations continued to grow well into Q1 2024, with the number of users of fixed services, internet, and mobile telephony increasing by 31.5% compared to Q1 2023 to 7 million RGUs. Mobile users increased by 23.6% to 5 million RGUs, while broadband users increased by 56.7% to 1.5 million.

In Italy, mobile users increased by 18.2% YoY, reaching 435K RGUs as of the end of Q1 2024.

Looking ahead, Digi’s strategic initiatives in Portugal and Belgium are paving the way for future expansions. Digi’s local subsidiaries are preparing to launch commercial services in these two markets in 2024.

In April 2024, Digi Spain announced the sale of its FTTH network across 12 provinces to Sota Investments Spain OpCo, S.L.U., managed by a consortium including Macquarie Capital, abrdn, and Arjun Infrastructure Partners. Valued at up to 750 million euros, this sale will enhance Digi Spain’s liquidity and enable further investment in network expansion. The transaction, reaching approximately 4.25 million homes with plans to expand to 6 million homes within three years, awaits FDI clearance and merger control approval.

About Digi Communications N.V.

We are an European leader in geographically-focused telecommunication solutions, based on the number of revenue generating units (“RGUs”) and a leading provider of telecommunication services in Romania and Spain, with a presence also in Italy, Portugal and Belgium.

SOURCE: EuropaWire

Digi Communications NV to release its unaudited 2023 preliminary financial results on 28 Feb 2024

BUCHAREST, Romania, 21-Feb-2024 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (“Digi” or the “Company”) announces that on 28 February 2024 at 14:00 UK time / 16:00 EEST (Romania local time), will host a conference call to discuss its 2023 preliminary financial results. The Company will publish the unaudited 2023 preliminary financial results on the same day, 28 February 2024 at 08:00 am EEST.

The call will be held in English language, and it will be hosted by the Company’s CEO, Mr. Serghei Bulgac, and the Company’s CFO, Mr. Dan Ionita.

To participate in the call the stakeholders are invited to pre-register at:
https://www.digi-communications.ro/en/investor-relations/shares/financial-calendar

The deadline for pre-registration is 28 February 2024, 12:00 UK time / 14:00 EEST (Romania local time).

About Digi Communications NV

We are an European leader in geographically-focused telecommunication solutions, based on the number of revenue generating units (“RGUs”) and a leading provider of telecommunication services in Romania and Spain, with a presence also in Italy, Portugal and Belgium.

SOURCE: EuropaWire

Digi Communications N.V. Q3 2023 financial results now available at its website

BUCHAREST, Romania, 14-Nov-2023 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (“Digi” or the “Company”) announces that the Q3 2023 financial results are available on the Company’s website at: https://www.digi-communications.ro/en/investor-relations/shares/financial-results-shares/quarterly-reports-shares

Also, today at 14:00 UK time / 16:00 EEST (Romania local time) it will host a conference call to discuss its Q3 2023 Financial Results.

The call will be held in English language, and it will be hosted by the Company’s CEO, Mr. Serghei Bulgac, and the co-CFO, Mr. Dan Ionita.

To participate in the call, the stakeholders are invited to pre-register at: https://www.digi-communications.ro/en/see-file/Conf-Call-Registration_Presentation-of-the-Q3-2023-Financial-Results.pdf The deadline for pre-registration is 12:00 UK time / 14:00 EEST (Romania local time).

A recording of the conference call will be available shortly after on the Company’s website at: www.digi-communications.ro

About Digi Communications NV

We are a European leader in geographically-focused telecommunication solutions, based on the number of revenue generating units (“RGUs”) and a leading provider of telecommunication services in Romania and Spain, with a presence also in Italy, Portugal and Belgium.

SOURCE: EuropaWire

Digi Communications NV releases its H1 2023 Financial Results

BUCHAREST, Romania, 15-Aug-2023 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (“Digi” or the “Company”) announces that the H1 2023 Financial Results are available on the Company’s website: https://www.digi-communications.ro/en/investor-relations/shares/financial-results-shares/half-year-reports-shares

Also, today at 14:00 UK time / 16:00 EEST (Romania local time) it will host a conference call to discuss its H1 2023 Financial Results.

The call will be held in English language, and it will be hosted by the Company’s CEO, Mr. Serghei Bulgac, and the co-CFO, Mr. Dan Ionita.

To participate in the call, the stakeholders are invited to pre-register at: https://www.digi-communications.ro/en/see-file/Conf-Call-Registration_Presentation-of-the-H1-2023-Financial-Results.pdf  The deadline for pre-registration is 12:00 UK time/ 14:00 EEST.

A recording of the conference call will be available shortly after on the Company’s website: www.digi-communications.ro

About Digi Communications NV

We are a European leader in geographically-focused telecommunication solutions, based on the number of revenue generating units (“RGUs”) and a leading provider of telecommunication services in Romania and Spain, with a presence also in Italy, Portugal and Belgium.

SOURCE: EuropaWire