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TheStreet Open House

Cellcom Israel Announces Fourth Quarter And Full Year 2012 Results

Stocks in this article: CEL

NETANYA, Israel, March 4, 2013 /PRNewswire/ --



 

2012 results reflect the continued impact of the heightened competition in the cellular market

The Company continues to execute its efficiency plan, which led so far to savings at an annual rate of approximately NIS 550 million [1]

Cellcom Israel presents a 188% increase in free cash flow [2] for the fourth quarter of 2012 compared with the fourth quarter last year and a 20.6% increase in 2012 compared with 2011

-----

2012  Full Year Highlights  (compared to 2011 [3] ): 

  • Free cash flow increased by 20.6% to NIS 1,130 million ( $303 million)
  • Total Revenues decreased 8.7% to NIS 5,938 million ( $1,591 million)
  • Service revenues decreased 3.7% to NIS 4,582 million ( $1,228 million)
  • EBITDA [2] decreased 19.1% to NIS 1,753 million ( $470 million)
  • EBITDA margin 29.5%, down from 33.3%
  • Operating income decreased 30.7% to NIS 985 million ( $264 million)
  • Net income decreased 35.6% to NIS 531 million ( $142 million)
  • Cellular  subscriber base totaled approx. 3.199 million [4] subscribers (at the end of December 2012)

Fourth Quarter 2012  Highlights  (compared to fourth quarter of 2011): 

  • Free cash flow increased by 188% to NIS 288 million ( $77 million)
  • Total Revenues decreased 15.5% to NIS 1,407 million ( $377 million)
  • Service revenues decreased 13.4% to NIS 1,066 million ( $286 million)
  • EBITDA decreased 12% to NIS 374 million ( $100 million)
  • EBITDA margin 26.6%, up from 25.5%
  • Operating income decreased 7.8% to NIS 189 million ( $51 million)
  • Net income increased by 48.7% to NIS 113 million ( $30 million)

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