Belgium’s Telenet expects stable profit in 2023

Telenet expects a stable core profit in 2023 as it offsets higher wages and inflation with cost control and targeted rate increases, the Belgian telecoms firm said on Thursday.

The group said its adjusted earnings before interest, taxes, depreciation and amortisation and after leases should be broadly in line with the rebased 1.24 billion euros ($1.33 billion) it earned in 2022.