This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Partner Communications Reports Second Quarter 2013 Results1

Partner Communications Company Ltd.:

Q2 2013 Highlights (compared with Q2 2012)
  • Total Revenues: NIS 1,130 million (US$ 312 million), a decrease of 21%
  • Service Revenues: NIS 950 million (US$ 263 million), a decrease of 22%
  • Operating Expenses (OPEX) 3 including cost of equipment sold: NIS 871 million (US$ 241 million), a decrease of 16%
  • Operating Expenses (OPEX) 3 : NIS 700 million (US $193 million), a decrease of 18%
  • Adjusted EBITDA 4 : NIS 280 million (US$ 77 million), a decrease of 34%
  • Adjusted EBITDA Margin: 25% of total revenues compared with 30%
  • Net Profit: NIS 20 million (US$ 6 million), a decrease of 83%
  • Net Debt: NIS 3,446 million (US$ 952 million), a decrease of NIS 763 million
  • Free Cash Flow (before interest): NIS 287 million (US$ 79 million), a decrease of 8%
  • Cellular ARPU: NIS 83 (US$ 23), a decrease of 18%
  • Cellular Subscriber Base: approximately 2.92 million at quarter-end, a decrease of 6%

1 The financial results presented in this press release are unaudited financial results 2 Cash flows from operating activities before interest payments, net of cash flows used for investment activities. 3 Operating expenses include cost of service revenues, and selling, marketing and administrative expenses, and exclude depreciation and amortization and impairment charges. 4 For definition of Adjusted EBITDA measure, see “Use of Non-GAAP Financial Measures” on page 16 below.

Partner Communications Company Ltd. (“Partner” or the “Company") (NASDAQ and TASE: PTNR), a leading Israeli communications operator, announced today its results for the quarter ended June 30, 2013.

Commenting on the second quarter 2013 results, Mr. Haim Romano, Partner's CEO, said:

The results of the second quarter of 2013 continue to reflect, on the one hand, the ongoing impact of the competition in the market and, on the other hand, our investment in the Company's key assets: high quality customer service, technological advancement and the most advanced network. At the same time, we are adjusting our business operations, our marketing approach and the cost structure of the Company, measures which resulted in a decline of NIS 153 million in the Company's operating expenses compared to the second quarter of 2012.

During the quarter, we continued to invest in enhancing the quality of the cellular network (Orange ultranet), which includes: sharp and clear voice quality using HD voice technology, enabling extended battery life by up to approximately 40 percent, the fastest browsing speed in Israel and advanced 4G services (LTE ready services). The Company continues to improve and develop its IT and data systems and provides service solutions which are intuitive and user friendly in the digital space. The Company's investments totaled this quarter approximately NIS 122 million.

1 of 10

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 +1.24 0.06%
NASDAQ 5,127.5250 +11.3820 0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs