Sonatel (SNTS) Q3 2024 earnings summary

Executive summary

• End-September consolidated revenue rose 9.8% YoY; EBITDAAL, net income and operating cash flow grew faster, despite Q3 slowdown in Senegal, Mali and Sierra Leone.

• Growth was driven by data, Orange Money, fixed broadband and voice, supported by network deployment and cost control.

Financial highlights

• Revenue reached XOF 1,319bn, up 9.8% YoY.

• EBITDAAL was XOF 615.5bn, up 15% YoY; net income was XOF 198.1bn, up 20.1% YoY.

• Operating cash flow reached XOF 417.4bn, up 13.7% YoY.

• CAPEX was XOF 288.9bn, up 17.6% YoY.

Outlook and guidance

• H2 momentum expected to be maintained through network deployment, continued operational and financial performance, sustained sales and marketing, and cost optimization.

• Accelerating digitalization to improve customer and employee experience while continuing quality telecom services and CSR initiatives.