Proximus Q4 2024 Earnings Call: Insights and Impacts
On February 28, 2025, at 8:00 AM ET, Proximus PLC (BGAOF) held its Q4 2024 earnings call. The event was coordinated by Serge, with participation from Proximus executives Nancy Goossens (Investor Relations), Guillaume Boutin (CEO), Mark Reid (CFO), and Jim Casteele (Residential Lead). Various analysts also joined the call, including Dhruva Shah from UBS, Nicolas Cote-Colisson from HSBC, David Vagman from ING, and Roshan Ranjit from Deutsche Bank. Kris Kippers from Degroof Petercam acted as the operator.
Proximus’ Performance
During the call, Proximus shared its Q4 2024 financial results. The company reported a revenue increase of 3.8% YoY, reaching €6.2 billion, with a net profit of €1.1 billion. The growth was driven by the strong performance in its Business and ICT segment, which saw a 6.4% increase in revenue.
Impact on Shareholders
The solid financial results led to a positive response from the market, with Proximus’ stock price increasing by 5.5% on the day of the earnings call. This is a welcome development for shareholders who have been following the company’s progress and have been anticipating a strong finish to the year.
Global Implications
Proximus’ strong performance in the telecommunications sector is a positive sign for the industry as a whole. It indicates that despite the challenges posed by the ongoing digital transformation and increasing competition, companies can still thrive by focusing on innovation and customer service. Furthermore, Proximus’ success in the Business and ICT segment highlights the growing importance of digital services in today’s economy.
Analysts’ Perspective
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Dhruva Shah from UBS expressed his optimism about Proximus’ growth prospects, stating that “the company’s focus on innovation and customer experience is paying off.”
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Nicolas Cote-Colisson from HSBC commended Proximus for its “strong execution in the Business and ICT segment,” adding that “the company is well-positioned to capitalize on the growing demand for digital services.”
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David Vagman from ING noted that “Proximus’ financial results demonstrate the company’s ability to adapt to the changing market conditions,” while Roshan Ranjit from Deutsche Bank expressed his confidence in Proximus’ “solid business model and experienced management team.”
Looking Ahead
Proximus’ strong Q4 2024 results are a promising sign for the future. The company is well-positioned to continue its growth trajectory, thanks to its focus on innovation and customer service. Moreover, the global implications of its success highlight the importance of digital services in today’s economy.
As a shareholder, this positive news is certainly welcome. Proximus’ continued growth is likely to lead to further increases in stock price, making it an attractive investment opportunity. For those who are not yet invested in the telecommunications sector, Proximus’ success serves as a reminder of the potential rewards that come with staying informed and investing in companies that are leading the way in digital transformation.
Conclusion
In conclusion, Proximus’ Q4 2024 earnings call was a significant event for the telecommunications sector, with the company reporting strong financial results and receiving positive feedback from analysts. The implications of these results are far-reaching, with Proximus’ success serving as a positive sign for the industry and the global economy as a whole. As a shareholder, this news is certainly welcome, and for those who are not yet invested, it serves as a reminder of the potential rewards that come with staying informed and investing in companies that are leading the way in digital transformation.
In the words of Proximus CEO Guillaume Boutin, “We are proud of our achievements in 2024 and are excited about the opportunities that lie ahead. We remain committed to delivering innovative solutions and exceptional customer service, and we are confident that our focus on these areas will continue to drive our growth.”
