mobilezone with stable business – slightly higher sales – outlook for 2024 confirmed
mobilezone holding ag / Key word(s): Half Year Results PRESS RELEASE Ad hoc announcement pursuant to Art. 53 LR
Rotkreuz, 16 August 2024
Markus Bernhard, Executive Delegate of the Board of Directors, says: “The first half of the year showed a stable development in sales and EBIT. We are on track for the 2024 financial year as a whole and can therefore confirm our EBIT guidance of CHF 68 to 75 million at the lower end of this range.” Currency-adjusted sales increased by +3.0 per cent to CHF 488 million in the first half of 2024 (previous year: CHF 474 million). The number of mobile phone, digital TV and Internet contracts negotiated increased by 2.6 per cent to 737,000 contracts in the first half of the year (previous year: 718,000). In the German online business, 304,000 or 13 per cent more mobile phone contracts were negotiated. In the Swiss retail business, a decline in sales figures in the contract and accessories business can be noted due to lower sales output in the shops. In the MVNO (Mobile Virtual Network Operator) business in Germany and Switzerland, a net increase in postpaid subscriptions totalling 39,100 in the first half of the year increased the number of subscriptions by 13.2 per cent to 334,400 by mid-2024. The number of smartphones repurchased by mobilezone in Switzerland, which are refurbished within the company's own value chain and resold to end consumers in Switzerland under the jusit brand, increased by 126 per cent to 7,900. Key figures at a glance
Market Area Switzerland Profitability in Switzerland increased in the reporting period compared to the previous year.
Market area Germany
Change in Management Board As announced early in February 2023, CEO Markus Bernhard has stepped down as CEO of the mobilezone Group with effect from 30 June 2024. As Executive Delegate of the Board of Directors, he will continue to be responsible for strategic development, the MVNO business, maintaining investor relations and the company's M activities. Roger Wassmer (CEO mobilezone Switzerland) and Wilke Stroman (CEO mobilezone Germany) have taken over the management of the mobilezone Group as Co-CEOs as of 1 July 2024. Annual General Meeting and dividends At the Annual General Meeting on 3 April 2024, the shareholders approved all of the Board of Directors' proposals. Among other things, a dividend of CHF 0.90 per registered share was approved, as in the previous year, which was paid out on 12 April 2024. Sustainability as an integral part of the corporate strategy Sustainability has long been an integral part of mobilezone's corporate strategy. The sustainability strategy comprises five focus topics that cover the entire ESG spectrum (environmental, social and governance).
In May 2024, two mobilezone business units were awarded a medal by the sustainability assessment provider EcoVadis: Gold for the business division and Silver for the refurbishing business. The awards show that mobilezone is on track with its sustainability initiatives. The Second Life segment, respectively the repair and refurbishing of smartphones, continues to gain in importance. 7.3 per cent of the smartphones sold by mobilezone in Switzerland in the first half of the year were used smartphones (previous year: 3.1 per cent) and were brought back onto the market as refurbished second-life devices in the spirit of a sustainable device cycle. Outlook 2024 Business performance was stable in the first half of the year. mobilezone is on track and can confirm the EBIT guidance of CHF 68 to 75 million to be at the lower end of this range. The attractive dividend policy will be continued. mobilezone is also still aiming to increase the EBIT margin from 6.5 per cent (2023) to 8.0 per cent in 2025. The net-debt-to-EBITDA ratio is expected to be between 1 and 1.2 at the end of the year. For the MVNO business area with TalkTalk, Digital Republic and HIGH, strong customer growth to over 370,000 customers by the end of 2024 (31.12.2023: 295,300) is still planned. The company is expecting the MVNO contribution to EBITDA to increase further. mobilezone expects investments (excluding customer acquisition costs) to decrease from CHF 11.5 million (2023) to CHF 10.4 million in 2024. Based on the significantly reduced cost base and increased recurring revenues, the management is confident that the mobilezone Group will continue to develop positively. The half-year report 2024 is now available at https://www.mobilezoneholding.ch/en/investors-1/reports-and-presentations.html A video conference for investors, analysts and media representatives will be held today, 16 August 2024, at 9.15 a.m. in German. Registration for participation is possible via the following link: https://www.mobilezoneholding.ch/en/investors-1/videoconference.html. The presentation in written form in German and English is available at https://www.mobilezoneholding.ch/en/investors-1/reports-and-presentations.html Contact for analysts, investors and media representatives
About mobilezone End of Inside Information |
Language: | English |
Company: | mobilezone holding ag |
Suurstoffi 22 | |
6343 Rotkreuz | |
Switzerland | |
Phone: | 041 400 24 24 |
E-mail: | mobilezoneholding@mobilezone.ch |
Internet: | mobilzoneholding.ch, mobilezon.ch |
ISIN: | CH0276837694 |
Valor: | A14R33 |
Listed: | SIX Swiss Exchange |
EQS News ID: | 1969215 |
End of Announcement | EQS News Service |
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1969215 16-Aug-2024 CET/CEST