DNA raises its guidance for 2018
DNA PLC, STOCK EXCHANGE RELEASE, 11 October 2018 at 11:30 am EEST
DNA's operations have developed favourably in 2018, even though competition has remained intense. Net sales and profitability have been affected by the positive development of the mobile subscription base during the year and also by the growing share of more expensive 4G subscriptions in the subscription base. Low churn and better-than-expected net growth in subscription sales, particularly during the third quarter, have a positive impact on the full-year outlook.
In line with our estimate for the end of the year, we raise DNA's guidance for 2018 as regards net sales and profitability (comparable operating result).
New guidance for 2018:
DNA's net sales and comparable operating result are expected to improve somewhat in 2018 compared with 2017. DNA's financial position and liquidity are expected to remain at a healthy level.
Previous guidance for 2018 (published on 2 February 2018):
DNA expects both its net sales and comparable operating result in 2018 to remain at the same level as in 2017. DNA's financial position and liquidity are expected to remain at a healthy level.
DNA's guidance for 2018 has been presented in accordance with the 2017 revenue guidance without the effects of IFRS 15, adopted on 1 January 2018.
DNA will publish its interim report for January-September 2018 on Friday, 19 October 2018, at approximately 8.30 am Finnish time. DNA observes a silent period prior to the publication of the interim result, and we will not comment on the company's financial development and outlook until the interim report is published.
Timo Karppinen, CFO, DNA Plc, tel. +358 44 044 5007, email@example.com
DNA's Investor Relations, Marja Mäkinen, Head of Investor Relations, tel. +358 44 044 1262, firstname.lastname@example.org
DNA Corporate Communications, tel. +358 44 044 8000, email@example.com
DNA Plc is a Finnish telecommunications group providing high-quality voice, data and TV services for communication, entertainment and work. DNA is Finland's largest cable operator and the leading pay TV provider in both cable and terrestrial networks. For DNA, the key area for growth in corporate business is the new way of working, independent of time and place, facilitated by smart terminal devices, diverse communications services and rapid connections. In 2017, DNA recorded net sales of EUR 886 million and an operating profit of EUR 124 million. DNA has more than 3.9 million subscriptions in its fixed and mobile communications networks. The Group also includes DNA Store, Finland's largest retail chain selling mobile phones. DNA shares are listed on Nasdaq Helsinki Ltd. For more information, visit www.dna.fi or follow us on Twitter @DNA_fi and Facebook.