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TheStreet Open House

Cellcom Israel Announces Third Quarter 2012 Results

NETANYA, Israel, November 13, 2012 /PRNewswire/ --

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Cellcom Israel presents a substantial improvement in free cash flow [1] for the third quarter, totaling NIS 414 million, a 58% increase in comparison to the third quarter last year

Cellcom Israel continues the implementation of the efficiency plan and presents savings at an annual rate of approximately NIS 480   million [2]

Cellcom Israel reports a net addition of approximately 5 , 000 cellular subscribers thanks to the success of "Cellcom Total" ,   a communications solution combining cellular and landline services ,   and the beginning of IDF subscribers' transfer to our network

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Third  Quarter 2012 Highlights [3]  (compared  with  the  third  quarter 2011):

  • Free cash flow [1] totaled NIS 414 million ( $106 million), a 58% increase
  • Total Revenues totaled NIS 1,448 million ( $370 million), a 13% decrease
  • Service  revenues totaled NIS 1,148 million ( $293 million), a 3.8% decrease
  • EBITDA [1] totaled NIS 430 million ( $110 million), a 19.9% decrease
  • EBITDA margin 29.7%, down from 32.3%
  • Operating profit totaled NIS 239 million ( $61 million), a 31.5% decrease
  • Net income totaled NIS 124 million ( $32 million), a 37.7% decrease
  • Cellular Subscriber base totaled approx. 3.338 million at the end of September 2012

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