DNA Plc, Stock Exchange Release, 15 October 2019 at 9:00 am EEST
DNA’s operations have developed favourably in 2019, even though competition has remained intense. Net sales have been positively affected by strong mobile service revenue and brisk mobile equipment sales. Better-than-expected net growth in postpaid 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 2019 as regards net sales.
New guidance for 2019:
DNA’s net sales are expected to grow somewhat, and EBITDA is expected to improve substantially in 2019 compared with 2018. DNA’s financial position and liquidity are expected to remain at a healthy level.
Previous guidance for 2019 (published on 1 February 2019):
DNA’s net sales in 2019 are expected to remain at the same level as in 2018, and EBITDA in 2019 is expected to increase substantially from 2018. DNA’s financial position and liquidity are expected to remain at a healthy level.
DNA’s guidance for 2019 is disclosed with consideration to the impact of the adoption of IFRS 16. The adoption of IFRS 16 from the beginning of 2019 is estimated to have a positive impact of approximately EUR 17 million in EBITDA in 2019.
DNA will publish its interim report for January–September 2019 on Tuesday, 22 October 2019, 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, firstname.lastname@example.org
Marja Mäkinen, Head of Investor Relations, DNA Plc, tel. +358 44 044 1262, email@example.com
DNA Corporate Communications, tel. +358 44 044 8000, firstname.lastname@example.org
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.