The state company achieved a record number of services and obtained its three best results between 2021 and 2023.
Antel obtained profits of 246.4 million dollars in 2023 and, although it represents a slight decrease compared to the results of 2021 (246.8 million) and 2021 (247.2 million), it consolidates a process of growth with the three best results in its history, for a total of more than 740 million dollars.
A greater number of clients and services; the execution of investments, mainly linked to the 5G network; a low rate of indebtedness minimum (0.19); and a cash flow of 213.9 million dollars, more than triple the 68.6 million in 2013, are some of the factors that explain this current situation.
In its last financial year balance sheet, the board of directors Antel reported a profit of 246.4 million and its president Annabela Suburú He highlighted that “these results motivate us to continue growing.”
“This is a period of strengthening for Antel, with solid growth indicators, high levels of investment and the possibility of making contributions that the State converts into works and services for the population,” said Suburú, who echoed the EBITDA margin of 33% and an operational of 23%. “These are excellent margins for this industry, with high levels of competition,” he highlighted.
Operating income and expenses
From the balance it appears that the organizational chart increased in 2023, reaching 1,121.7 million, with the increase in clients and services and modification of rates, although below the inflation, as the greatest growth factor. 46% of operating income corresponds to the mobile phone, 42% to data, 10% to fixed telephony and public and the remaining 2% to others.
Although expenses increased more than income, as a consequence of the increase in activity, Antel achieved very good profitability rates. cost effectiveness and liquidity and financial solvency indicators.
The conventional mobile services They increased 2.1% compared to 2022 and, also considering pure data services and those related to IoT (internet of things), they increased 12.9%. In addition, 334,192 devices were sold cell phones.
Investments of 156 million dollars
On the other hand, the state company specified that investments for 156 million dollars, most of it destined to specify infrastructure to make available the 5G network in all the country. At the same time, progress was also made with fiber optic works in Montevideo and the interior of the country, for about 181 million.
Finally, Antel’s contribution to General Revenues reached 116 million dollars, which rises to 143 million including payments accrued from the previous year.
Source: Ambito
