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MarketScreener Homepage  >  Equities  >  Euronext Lisbonne  >  NOS, SGPS, S.A.    NOS   PTZON0AM0006

NOS, SGPS, S.A.

(NOS)
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NOS SGPS S A : Portugal's NOS net profit slumps two-thirds as pandemic bites

07/22/2020 | 10:52am EST

Portuguese telecoms company NOS reported that its first-half net profit fell 61% to 35 million euros (31.8 million pounds) on Wednesday, attributing the result to losses from cinemas, roaming and subscription services.

NOS provided customers with premium services such as sports channels for free throughout the second quarter, hammering its revenues, while a drop in roaming use because of a lack of tourists also affected its results.

The company's cinema network took a big hit with theatres closed from the 16 March throughout the second quarter, reopening on 2 July but with big premieres delayed and health and safety restrictions in place for cinemagoers.

Overall, its revenues fell 7.6% to 666.6 million euros while earnings before interest, taxes, depreciation and amortization fell 6.3% to 310.6 million, the company reported.

"The results can be explained by the effects of the COVID-19 pandemic, by the increase in non-recurring costs in the form of provisions to counter the increase in bad debt incurred in the first quarter, among other things," the company said.

Family consumption of NOS' services remained stable, the company said, but its customer base of small and medium-sized enterprises faced increased pressure due to the partial or complete closure of their activities during lockdown.

"This semester was one of the most challenging in NOS' short history," Chief Executive Miguel Almeida said in a statement, adding that the near future would continue to be difficult.

"The impact of the pandemic which began at the end of February intensified in the second quarter of the year due to lockdown."

(Reporting by Victoria Waldersee, Sergio Goncalves, Editing by Nathan Allen and Hugh Lawson)


© Reuters 2020
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Financials
Sales 2020 1 389 M 1 682 M 1 682 M
Net income 2020 79,3 M 96,0 M 96,0 M
Net Debt 2020 1 195 M 1 447 M 1 447 M
P/E ratio 2020 14,9x
Yield 2020 10,1%
Capitalization 1 451 M 1 755 M 1 757 M
EV / Sales 2020 1,91x
EV / Sales 2021 1,89x
Nbr of Employees 2 269
Free-Float 39,9%
Chart NOS, SGPS, S.A.
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NOS, SGPS, S.A. Technical Analysis Chart | NOS | PTZON0AM0006 | MarketScreener
Technical analysis trends NOS, SGPS, S.A.
Short TermMid-TermLong Term
TrendsBearishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 4,32 €
Last Close Price 2,83 €
Spread / Highest target 140%
Spread / Average Target 52,4%
Spread / Lowest Target -4,73%
EPS Revisions
Managers and Directors
NameTitle
Miguel Nuno Santos Almeida Chief Executive Officer & Executive Director
Jorge de Brito Pereira Chairman
José Pedro Faria Pereira da Costa Chief Financial Officer, Executive Director & VP
António Domingues Non-Executive Director
Joaquim Francisco Alves Ferreira de Oliveira Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
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