Cellcom Israel down 3% post Q4 results [Seeking Alpha]
CELLCOM ISRAEL (CEL)
US:NYSE Investor Relations:
investors.cellcom.co.il
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Source: Seeking Alpha
Cellcom Israel down 3% post Q4 results - Cellcom Israel Ltd. (NYSE:CEL) | Seeking Alpha On the Move | Earnings Tech Cellcom Israel down 3% post Q4 results Mar. 18, 2019 11:40 AM ET Cellcom Israel Ltd. (CEL) Akanksha Bakshi Cellcom Israel ( -3.8% Cellular Segment: Service revenue NIS 416M (-7.8% Y/Y); and Equipment revenue NIS 159M (-22.1% Y/Y). Fixed-line segments: Service revenue NIS 301M (-0.7% Y/Y); and Equipment revenue NIS 82M (+39% Y/Y). Q4 Gross margin declined by 390 bps declined by 375 bps SG&A expenses were NIS 234M (-6% Y/Y), declined ws due to decrease in salaries expenses and doubtful accounts expenses. Free cash flow for the quarter was NIS 7M (-90.9% Y/Y), reflecting a decrease in receipts from customers as a result of decrease in the Company's revenues and higher cash capital expenditures in fixed assets. Adj. EBITDA was NIS 163M (-13.8% Y/Y) and as percentage of revenue declined by 163 bps Segment Adj. EBITDA margins: Cellular 16.9% down by 110 bps down by 240 bps Ce
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