Telefonica O2 Q2’08 revenues up by 0.6% (Czech Republic)
Telefonica O2, Czech Republic has announced its Q2’08 revenues of CZK 15.8 billion, up by 0.6% from a year earlier. Mobile revenues grew 3% to CZK8.4 billion. OIBDA improved 6.5 percent to CZK 7.6 billion, giving a margin of 48.1 percent, while net profit rose 30.4 percent to CZK 3.4 billion, helped by gains on property sales. Capex fell 16.7 percent from a year ago to CZK 1.6 billion. The number of mobile customers increased by 6 percent year-on-year to 5.2 million at 30 June, of which 2.369 million were contract subscribers. The operator lost 36,000 prepaid subscribers during Q2, while gaining 63,000 contract subscribers. Mobile ARPU fell to CZK 523 from CZK 529 a year earlier, while revenue from data services increased 6.8 percent to CZK 505 million. O2 added 7,000 data users during the quarter for a total 212,000 at the end of June.
Despite a more challenging operating environment, the company expects to meet its earlier full-year guidance for revenues up 2-4 percent and OIBDA flat to 2 percent higher. Capex is expected to be around CZK 9 billion in 2008.
