Celcom records positive FY19 results amidst challenging market

Celcom Axiata Berhad (Celcom) has recorded more than 100 percent surge in Patami at RM 813 million and the Free Cash Flow (FCF) grew by 21.9 percent which was lifted by Ebitda expansion. Celcom’s Capex has scaled down by 3.6 percent while the y-o-y Ebitda improved by 7.8 percent.

Additionally, Celcom’s y-o-y Patami has improved by 14.1 percent.

The telco’s cost optimization has achieved a savings of RM 283 million through the implementation across internal operations. Strong focus on profitable products with the best value recorded a 7.8 percent increase year to date in Ebitda to RM 2.1 billion whilst margin improved by 4.7 percent point to 30.6 percent.

The postpaid segment revenues in FY19 stood at RM 2,548 million, up by 6.4 percent y-o-y against a flat subscriber base. FY19 also saw the telco focus more on profitable segments rather than on device sales as smartphone penetration rose to 84 percent due to a stronger device sales push in FY18 with 78 percent.

“Celcom’s initiatives in FY19 have provided a great platform to a continued success in FY20, driving growth through innovation, digitisation and new business areas,” said Celcom’s chief executive officer, Idham Nawawi.

“We will drive growth from the Enterprise and Home segments with exciting new innovative products including gaming and virtual reality (VR) entertainment. For Enterprise, we will continue to pursue collaborations with the right technology partners and platform providers to deliver high-quality end-to-end IoT solutions and applications to SMEs, Corporations and Government customers in Malaysia,” he added.

2020 will see the telco further intensify its focus towards profitability and operation excellence with smart investments towards providing the best digital infrastructure and services. Efforts will include in continuing its pace on enhancing network infrastructure at lower operational costs while exploring new areas for growth.

In terms of 5G trial services, Celcom had recently conducted the exploration of seven real 5G  use-cases using 5G technology and AI solutions, in collaboration with various local authority agencies such as Langkawi’s Royal Malaysian Police (PDRM) and Langkawi Municipal Council (MPLBP).

 

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