The Romanian telecommunications group Digi Communications (BVB: DIGI) announced its consolidated revenues increased 13% y\/y to EUR 921 million, while its net profit doubled y\/y to EUR 54.3 million in H1.<\/p>\n
The company’s market capitalization reached EUR 1.24 billion after the price of its shares rose by 77% y\/y.<\/p>\n
This puts the annualized profit realized in H1 at 8.8%. Out of last year’s profit, the company paid a dividend consistent with a yield of 1.91%<\/p>\n
In Q2, the company’s turnover rose by 13.4% y\/y to EUR 474.7 million, while its profit surged by 80% y\/y to EUR 28.8 million. Adjusted EBITDA increased by 16.5% y\/y to EUR 170.2 million.\u00a0<\/p>\n
“The first half of the year marked a significant moment, as we crossed the 25 million customer mark, driven by an impressive 23.2% year-on-year growth in the mobile telecommunications segment on the Spanish market and 50, 6% on the fixed internet segment,” commented Digi Communications CEO Serghei Bulgac.<\/p>\n
Digi’s local subsidiaries in Portugal and Belgium are preparing to launch commercial services in these two markets in 2024.<\/p>\n
The total number of revenue-generating units (RGUs) on the Romanian market reached 17.561 million customers at the end of Q2 2024, an increase of 8% compared to the same period in 2023.\u00a0<\/p>\n
Operations in Spain continued the positive evolution in Q2 2024, with the number of service users landlines, internet, and mobile telephony increasing by 30.1% compared to Q2 2023, up to 7.517mn RGU.\u00a0<\/p>\n
In Italy, the number of mobile users increased by 16.6% compared to Q2 2024, reaching 456,000 RGUs at the end of Q2 2024.<\/p>\n
(Photo: the company)<\/em><\/p>\n iulian@romania-insider.com<\/em><\/p>","protected":false},"excerpt":{"rendered":" The Romanian telecommunications group Digi Communications (BVB: DIGI) announced its consolidated revenues increased 13% y\/y to EUR 921 million, while its net profit doubled y\/y to EUR 54.3 million in H1. The company’s market capitalization reached EUR 1.24 billion after the price of its shares rose by 77% y\/y. This puts the annualized profit realized […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1323","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/1323","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1323"}],"version-history":[{"count":0,"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/1323\/revisions"}],"wp:attachment":[{"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1323"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1323"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1323"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}