Despite the coronavirus health crisis, the mobile telephone operator, Djezzy posted good performance at the end of the second quarter of 2020. In a press release on Wednesday, August 5, the structure stressed that it had adopted a good response strategy to deal with negative effects of Covid-19 on the business economy.
During the presentation of the financial results, the company announced that it achieved an overall turnover of 20.6 billion dinars (136 million euros) for an EBITDA (profit before interest, taxes, depreciation and depreciation) of 8.2 billion dinars (54 million euros), i.e. an EBITDA margin of 40%.
The group said it has invested 3.1 billion dinars (20.4 million euros) in the development of its network, an increase of 68% compared to the previous quarter. This has made it possible, underlines the document, to now cover 41 wilayas (regions) of the country and 44% of the population in 4G against 75% with regard to 3G. In addition, DJEZZY announced that these investments come in response to constantly accelerating data consumption. The latter went from 2.7 GB to more than 5 GB per user, an increase of 87.2% compared to the same period in 2019.
In addition, data revenues stood during the second quarter at 8 billion dinars as a result, an annual increase of 24.3%. This is thanks to an aggressive commercial strategy and better segmentation of its offers. “Djezzy saw its ARPU increase by 3% despite a declining customer base to 13.9 million customers,” the statement said. Founded in July 2001, the company is 49% owned by Veon, its parent company, and 51% by the Algerian State.