Digi Communications N.V. to distribute approx. RON 120 million in dividends, setting the dividend per share for 2023 at RON 1.25, a 25% YoY increase
- Digi Communications intends to propose to shareholders the distribution of dividends for the fiscal year 2023 at the upcoming General Meeting of Shareholders, which shall take place in June 2024.
- The management proposal is a dividend of RON 1.25 per share, a 25% increase from the 2022 dividend.
- In 2023, Digi Communications registered EUR 1.7 billion in consolidated revenues (+13% YoY) and an adjusted EBITDA of EUR 591.2 million (+17% YoY).
Digi Communications N.V., one of the leading European telecommunications companies, listed on the Bucharest Stock Exchange, will propose its shareholders distribution of approximately RON 120 million in dividends for fiscal year 2023. The company’s proposal is a dividend of RON 1.25 per share, a 25% year-on-year increase. The dividend for the 2022 fiscal year amounted to RON 1.0. The details related to the payment, including reference and payment date, will be established at the Annual General Meeting of the Shareholders, expected to take place in June 2024.
Serghei Bulgac, CEO of Digi Communications, stated: „Digi Communications continues to be a dynamic growth story, and it is particularly gratifying to see our company amongst the top performers on the Bucharest Stock Exchange this year. We see this as a recognition of our strong operational performance and the market’s confidence in our strategic direction. We have an unparalleled opportunity to build a leading European telecom operator out of Romania. Both our core markets, Romania and Spain, continue to grow at an accelerated pace. We are gearing up for the upcoming commercial launches in Portugal and Belgium later this year. With all these important developments poised to drive growth in the coming years, our commitment to generating shareholder value has never been stronger.”
Being dedicated to the expansion of the footprint in core markets, Romania and Spain, as well as preparing for the launch of operations in Portugal and Belgium, both estimated for 2024, Digi Communications continued allocation of significant CAPEX towards harnessing growth opportunities. In 2023, Digi Communications capital expenditures amounted to EUR 730 million, growing and improving network capabilities across all markets. Nonetheless, the company is committed to shareholder value, with its gross dividend value growing at a compound annual growth rate of 24% between 2017 and 2023. 1
Digi Communications registered EUR 1.7 billion in consolidated revenues in 2023, a 13% increase compared to the previous year. Adjusted EBITDA increased by 17% compared to 2022, reaching EUR 591.2 million.
In 2023, Digi Communications continued to grow across its entire service portfolio, reaching almost 23.9 million in revenue-generating user agreements (RGUs) as of the 2023 yearend across Romania, Spain, and Italy. This marks a 15% increase compared to 2022. Digi’s range of services spans mobile and fixed-line telephony, broadband data services, and Pay TV. In Romania, Digi offers fixed telecommunication and entertainment solutions via a cutting-edge fibre optic network. The Group also operates a mobile network, which shares the backbone of the fixed fibre optic infrastructure. Meanwhile, in Spain, Digi provides mobile, broadband, and fixed-line phone services, and in Italy, the Group provides exclusively mobile services.
The annual report of Digi Communications as of December 31st, 2023, is available here.
1 Subject to General Meeting of Shareholders approval of 2023 dividend distribution.
About Digi Communications N.V.
Digi Communications N.V. is the parent company of the telecommunications operator RCS & RDS, the market leader in Pay-TV, broadband and convergent services in Romania, with operations in Spain and Italy and a presence in Portugal and Belgium. Established 30 years ago, the company operates an extensive and highly advanced fibre-optic network in Romania and Spain. DIGI brings the most affordable electronic communications services to the market in both fixed and mobile communications. Over time, this competitive advantage has benefitted millions of customers, who have gained faster and low-priced access to high-quality services.
Digi Communications N.V. is a public company listed on the Main Market of the Bucharest Stock Exchange.
