Total operating expenses amounted to EUR390 million, from EUR340 in the same period of 2022.
Digi has a bourse capitalization of RON3.97 billion. In 2023, its shares have climbed by 26%.
In 3Q/2023, Digi posted EUR430 million revenues, significantly higher from the EUR377 million registered in 3Q/2022, a performance mainly supported by the market of Spain. In Romania, revenues amounted to EUR257 million, from EUR244 million.
On the other hand, net profit reached EUR40 million in the first nine months, against EUR53.7 million in the year-earlier period. In 3Q/2023, net profit stood at EUR13 million, down from EUR22.5 million in the same quarter of 2022, amid rising financial expenses.
„The sustained financial performance is a direct result of a robust increase in customer base, driven by a substantial RGU increase in Romania and Spain, particularly in the mobile segment where we saw a 19% and 24% year-on-year growth, respectively. As we continue Digi’s geographical expansion across our existing markets, we remain committed to offering competitive and superior services to all our customers. Looking beyond 2023, we are pleased to be advancing with our entry into the Portuguese and Belgian markets, where we aim to replicate our affordable, highquality service model, thereby ensuring our continued growth in the European telecom landscape,” said Serghei Bulgac, Digi Communications CEO.
In Q3 2023, Digi continued to grow across its entire service portfolio, exceeding 23.2 million of revenue-generating contractual relationships (RGUs) across its three markets of activity – Romania, Spain, and Italy, representing a 15% year-on-year increase. The Group’s offerings include mobile and fixed-line telecommunication services, fixed internet and data, and Pay TV services.
The mobile segment is prominent as it produces the highest number of RGUs among all the Group’s service categories, contributing to 45% of total RGUs across all three markets. Continuing with the growth rate of previous quarters, the number of RGUs in this category reached 10.5 million, a 21% increase, covering mobile telephony clients across Romania, Spain, and Italy.
(English version by Catalina Apostoiu)