Proximus Group presents new strategic plans 'Amplify' and 'Elevate' for its Domestic and Global segments, and announces 2028-2030 financial ambitions
Today, Proximus Group will host a Capital Markets Day in Brussels. During this event, members of the Proximus Leadership Squad will present the strategic cornerstones and future value drivers for the Group's Domestic and Global divisions.
As Proximus Group operates through two distinct segments on the Domestic and Global market, we developed two strategies, Amplify and Elevate, respectively. We identified the key jobs to be done, which are embedded in both strategies. With "Amplify", by 2030 we want to be a locally anchored digital infrastructure champion supported by trusted brands that resonate with all generations and industries. Our "Elevate" strategy for Global paves the way to return to growth and creates optionality for future value crystallisation. I am proud of all our colleagues showing commitment in realizing our ambitions together, fully in the Think Possible mindset.
Strategic plans for Proximus Domestic and Proximus Global: Amplify and Elevate
In the Domestic segment, Proximus is in great shape, maintaining its leading position in an increasingly competitive market. Going forward, the aim of the Amplify strategic plan is to double down on these strengths and consolidate telco leadership in B2C, while achieving profitable IT growth in B2B through the best network, products and services.
On infrastructure level, Proximus intends to enable and own gigabit access, leading to a rationalised fiber roll-out Capex, optimizing network utilization and allowing for faster copper decommissioning. Furthermore, Proximus will focus on strengthening its mobile leadership, transforming network operations with AI to boost efficiency and customer experience, as well as offering software‑defined capabilities and edge infrastructure.
Finally, Proximus will reimagine its way of working and focus on efficiency through simplification and AI, driving workload reductions. This will be proactively managed through strategic workforce planning and by capitalizing upon natural attrition and retirements, enabling a controlled and gradual workforce reduction without social disruption. Proximus continues its commitment to sustainable employability and competitiveness of the workforce by investing substantially in re- and upskilling, supporting internal mobility.
The Elevate 2030 strategic plan for Proximus Global aims to leverage the strengths of the BICS, Telesign and Route Mobile brands to be the worldwide leader in connectivity, empower brands to orchestrate seamless customer engagements and be the trust champion for secure digital interactions. The plan focuses on capturing the strong growth potential in Omnichannel & Digital Identity, pioneering in the monetization of Network APIs, improving governance and execution while creating optionality for value crystallization.
Proximus Group announces today the following financial ambitions for the 2026-2028 period:
For the 3-year period 2026-2028, Proximus targets a CAGR of 1% for Domestic Services revenues, while keeping the Domestic EBITDA broadly stable. Proximus reiterates its ambition to return to EBITDA growth by 2027 for its Global division. Over 2026 and 2027, Proximus' FCF will reflect Global undergoing a transformation and beginning its recovery, while domestic Capex will be close to EUR 1.2 billion by 2028. The organic FCF will gradually improve from 2026 onwards, while Proximus intends to stay below the 3.0x net debt/EBITDA level (S&P definition).
Financial ambitions by 2030
As the Proximus fiber rollout will be nearly completed by 2030, capex is expected to fall below EUR 1 billion. This will drive a significant increase in organic FCF, expected to be around EUR 400 million by 2030.
Shareholder remuneration
Proximus Group plans to maintain an attractive dividend return for its shareholders, consistent with future FCF, ensuring a sound balance sheet and enabling room for value-accretive business initiatives.
As a result, Proximus intends to return a gross dividend of EUR 0.30 per share over the result of 2026, EUR 0.40 per share over the result of 2027 and EUR 0.50 per share over the result of 2028. Dividends will be payable in a single instalment, post approval by the Annual General Meeting.
The shareholder remuneration policy relies on assumptions about future business and market evolutions and may change if unexpected risks or external events occur. Each year, the proposed dividend is reviewed and presented to the Board of Directors, including confirming appropriate levels of distributable reserves.
Financial ambitions
| Guidance metric | FY 2025 | Outlook FY 2026 |
3-Year ambition 2025-2028 |
By 2030 | ||
|---|---|---|---|---|---|---|
| Domestic Services revenu [2, 3, 5] | EUR 3,755 million | Broadly stable | c. +1% CAGR | |||
| Domestic EBITDA [2] | EUR 1,699 million | Broadly stable | Broadly stable | |||
| Global EBITDA | EUR 170 million | EUR 100 – 130 million | Back to growth in 2027 | |||
| CapEx [4] | EUR 1,249 million | EUR 1.2 billion – EUR 1.25 billion | Close to EUR 1.2 billion by 2028 | Below EUR 1 billion | ||
| Organic FCF [5] | EUR 130 million | Up to EUR 100 million | Gradually improving from 2026 base | c. EUR 400 million | ||
| Net debt / EBITDA [6] | 2.7x | c. 2.8x | Remain below 3.0x | |||
| Gross dividend / share | EUR 0.60 | EUR 0.30 | EUR 0.30 / EUR 0.40 / EUR 0.50 | |||
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Notes [2] Services revenue: B2C Customer services revenue, B2B Telco & IT services revenue, Wholesale services revenue |
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The CMD presentation is available on the Investor Relations pages.
Safe harbor
This communication may include some forward-looking statements, without limitation, regarding Proximus' financial or operational results, certain strategic plans or objectives, macro-economic trends, regulation, future market conditions and other risk factors. These forward-looking statements rely on a number of assumptions concerning future events and are subject to uncertainties and other factors, many of which are outside Proximus' control. Therefore, the actual future results may differ materially from those expressed in or implied by the statements. Readers are cautioned not to put undue reliance on forward-looking statements, which speak only of the date of this communication. Except as required by applicable law, Proximus disclaims any intention or obligation to update and revise any forward-looking statements, whether as a result of new information, future events or otherwise.
