Half Year 2024 Orange Polska SA Earnings Call Transcript
Key Points
- Orange Polska SA (FRA:TPA1) reported a healthy growth in EBITDA, with an increase of almost 4% year over year, driven by strong performance in core telecom services.
- The company achieved a solid net profit of PLN230 million in the second quarter, maintaining a similar level to the previous year.
- Orange Polska SA's mobile customer base exceeded 9 million, with a continuous growth of around 3% year on year.
- The company is making significant investments in mobile and fixed infrastructure, including the rollout of a 5G network and expansion of fiber footprint.
- Digital sales channels are nearing the strategic target, with 24% of sales conducted digitally in the first half of 2024, driven by the performance of their mobile app.
- Orange Polska SA experienced a decrease in total revenues by 3.1% year over year, primarily due to a decline in energy sales and IT/IS revenues.
- The company faced headwinds from inflationary pressures and energy resale, impacting costs and margins.
- There was a cyclical slowdown in demand for ICT services, affecting revenue growth in this segment.
- The financial results were impacted by a high comparable base from the previous year, particularly in IT and energy trade.
- Employment costs accelerated in the second quarter, partly due to salary increases and provisions, which may affect future profitability.
Ladies and gentlemen, thank you for standing by, and let me welcome you to Orange Polska results conference summarizing second quarter and the first semester of 2024. My name is Leszek Iwaszko. I'm in charge of Investor Relations. (Event Instructions)
The format of the call will be a presentation by the management team, followed by a Q&A session. Speakers for today will be Liudmila Climoc, the CEO of Orange Polska; and Jacek Kunicki, CFO.
So without any further ado, I would like to pass the floor to Liudmila to begin the presentation.
Thank you, Leszek. Good morning, ladies and gentlemen, and welcome to our conference -- summarizing second quarter of 2024. I will guide you through our slides. So let's start with slide 4, these key messages of this quarter.
I'm pleased to say that the performance of our core telecom business maintained good momentum in the second quarter.
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