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Telkom - first quarter trading update
Group highlights for Continuing Operations1
• Group revenue up 1.1% to R10 817 million
o Group data revenue growth of 7.1%
o Telkom Consumer's mobile service revenue growth of 7.8%
o Openserve's fibre data revenue up 11.3%
• Group EBITDA up 6.5% to R2 798 million
o Ongoing structural cost improvements
o Group EBITDA margin up 1.4 percentage points (ppts) to 25.9%
• Strong operational drivers – data-led strategy in action
o Mobile data subscribers up 27.5% to 17.2 million
o Homes connected with fibre up 17.5%, with 51.1% connectivity rate
• Positive outlook – continued growth and profitability improvement expected from disciplined operational excellence
Company outlook
Looking ahead, Telkom Consumer remains focused on growing service revenue through regional expansion and will continue investing in competitive value propositions, targeted campaigns, and strategic network expansion. Openserve's connect-led strategy, clearly evidenced in this quarter's top line growth, can be expected to accelerate the adoption of fibre-based services, while driving sustainability through ongoing network simplification and energy transformation programmes. BCX remains focused on expanding the cloud and software portfolios and driving operational efficiencies, while a specialised team is working to effect a faster turnaround.
We are on track with our data-led journey to deliver sustained performance, actively shaping Telkom to improve returns while preserving our core strengths. We remain focused on enhancing the Group's growth trajectory and margin expansion across our portfolio in line with medium-term guidance.
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| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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