Orange Polska with PLN 198 mln Q4 loss

WSE-listed telecom Orange Polska had an attributable net loss of PLN 198 million in Q4 compared to a PLN 1.89 billion loss last year. Revenues fell 2.4 percent y/y to PLN 2.91 billion, while EBITDA amounted to PLN 471 million, a 26.4 percent y/y drop. Back in January, Orange said that it will take a PLN 196 million hit on its Q4 2017 EBITDA results due to its new social agreement for 2018-19, and final settlement to the agreement from previous years. Revenues from mobile services dropped to PLN 1.51 billion from PLN 1.67 billion a year earlier (9.6 percent decline). Revenues from the sale of mobile equipment amounted to PLN 303 million, compared to PLN 366 million last year. Revenues from fixed-line services decreased 1.1 percent y/y to PLN 1.14 billion. For the whole 2017, Orange had PLN 60 million net loss, compared to PLN 1.74 billion loss for 2016, with revenues at PLN 11.53 billion (up from PLN 11.38 billion last year) and EBITDA at PLN 3.01 billion (down from PLN 3.16 billion).