Cellular group
Cellcom
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It is reported in the fourth quarter that the company’s revenues amounted to NIS 1.07 billion, an increase compared to last year, when revenues amounted to NIS 973 million. Revenues from services in the quarter agreed at NIS 751 million, compared with NIS 738 million in the corresponding period. Revenue from equipment in the quarter amounted to NIS 318 million, compared with NIS 235 million in the corresponding period.
The profit for the quarter amounted to NIS 21 million, compared with NIS 1 million loss Of NIS 44 million in the corresponding period. Operating profit for the quarter amounted to NIS 68 million, an increase compared to the corresponding quarter at that time loss Of NIS 13 million. Gross profit for the quarter amounted to NIS 308 million, an increase compared to the corresponding quarter at NIS 225 million.
In 2021, revenues totaled NIS 4.1 billion, compared to last year, when revenues were NIS 3.6 billion. The net profit was NIS 27 million, compared to loss Of NIS 170 million in the corresponding period.
In the mobile sector The company reported a stagnation in the number of cellular subscribers when it amounted to 3.27 million, an increase of a total of 2.2% compared to the previous year, when the figure was 3.20 million. The average monthly income per mobile subscriber (ARPU) also froze, amounting to NIS 48 million, compared with NIS 47.3 million the previous year.
The abandonment rate of cellular subscribers is small, however, when it amounted to 31% compared to 40.2% at the end of the previous year. In the stationary sector The company reported that the number of subscribers in the Internet infrastructure also froze, reaching 305 million people, compared to 293 million last year. The number of fiber optic subscribers from the Internet infrastructure grew, however, when it amounted to 135 million people, an increase of 45% last year then stood at 93 million.
Operating profit in the quarter amounted to NIS 209 million, compared with the corresponding period then at a loss Of NIS 23 million. The company’s adjusted EBIDTA amounted to NIS 1.13 billion in 2021, compared with 2020, when the figure amounted to NIS 918 million.
The company’s free cash flow amounted to NIS 267 million, compared to NIS 250 million the previous year.
Daniel Sapir, CEO of the Cellcom Group: The results of Cellcom’s operations for 2021 reflect the actions taken by the company to improve the experience and quality of service, among other things, by upgrading the cellular and landline infrastructure and emphasizing a high level of service and fairness to its customers. We intend to continue investing in infrastructure In the future, in the expectation that these will lead to a continued improvement in customer satisfaction and a continued improvement in financial results as well.
Shortly afterwards, it was reported that the company’s board of directors convened to appoint Daniel Sapir to the position of CEO of Cellcom in order to replace Gabay, after serving until his appointment at Cellcom as the CEO of the private hardship owned by the Livnat family.
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