Maroc Telecom Reports Consolidated Earnings Results for the Nine Months Ended September 30, 2018; Provides Earnings Guidance for the Year of 2018
Maroc Telecom reported consolidated earnings results for the nine months ended September 30, 2018. For the period, the company reported revenues of MAD 27,137 million against MAD 26,020 million a year ago. EBITDA was MAD 13,474 million against MAD 12,960 million a year ago. Adjusted EBITA was MAD 8,462 million against MAD 8,088 million a year ago. Adjusted CFFO was MAD 7,427 million against MAD 7,870 million a year ago. CAPEX was MAD 4,652 million against MAD 5,430 million a year ago. Adjusted net income was MAD 4,611 million against MAD 4,482 million a year ago.
For 2018, the company expects increase in revenues, increase in EBITDA and CAPEX of a maximum of 20% of revenues, excluding frequencies and licenses.