Cellcom Israel Announces Fourth Quarter and Full Year 2018 Results
CELLCOM ISRAEL (CEL)
US:NYSE Investor Relations:
investors.cellcom.co.il
Company Research
Source: PR Newswire
NETANYA, Israel, March 18, 2019 /PRNewswire/ --- - -2018 Full Year Highlights (compared to 2017): Total Revenues totaled NIS 3,688 million ($984 million) compared to NIS 3,871 million ($1,033 million) last year, a decrease of 4.7% Service revenues totaled NIS 2,784 million ($743 million) compared to NIS 2,919 million ($779 million) last year, a decrease of 4.6% Operating income totaled NIS 74 million ($20 million) compared to NIS 297 million ($79 million) last year, a decrease of 75.1% Loss totaled NIS 64 million ($17 million) compared to net income of NIS 113 million ($30 million) last year Adjusted EBITDA1 totaled NIS 660 million ($176 million) compared to NIS 853 million ($228 million) last year, a decrease of 22.6% Net cash from operating activities totaled NIS 770 million ($205 million) compared to NIS 774 million ($207 million) last year, a decrease of 0.5% Free cash flow1 totaled NIS 181 million ($48 million) compared to NIS 325 million ($87 million) last year, a decrease of 4
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