e& has announced a record financial performance for 2024, reporting a consolidated net profit of AED 10.8 billion, reflecting a year-over-year increase of 4.3%.
Publish dateWednesday 26 February 2025 - 23:20
According to Amac News, the company's consolidated revenues reached AED 59.2 billion, marking a 10.1% increase, with a 12.6% growth in constant exchange rates. The consolidated EBITDA also rose by 2.7% in constant currency, reaching AED 26.5 billion.
e& UAE continues its strong growth trajectory, with its subscriber base exceeding 15 million, representing a 5.4% increase compared to the previous year. The group's total subscriber base grew to 189.3 million, reflecting an 11.7% increase from 2023.
The company has maintained robust growth across all sectors while focusing on connectivity and digitalization. By promoting innovation and creating long-term value, the group is committed to delivering sustainable returns to its shareholders.
Jassem Mohamed Bu Ataba Alzaabi, Chairman of e&, stated, “2024 was a year of growth. Emerging as the 'World’s Fastest Growing Brand' and establishing our first operational footprint in Europe were defining moments in e&’s journey.”
Hatem Dowidar, Group CEO of e&, noted that a significant achievement for the company was its expansion into Central and Eastern Europe with the majority acquisition of PPF Telecom’s assets, adding over 10 million new subscribers across Bulgaria, Hungary, Serbia, and Slovakia.
Dowidar also added that with a brand portfolio and investments exceeding USD 20 billion, e& is recognized as the World’s Fastest Growing Brand.
e& UAE continues its strong growth trajectory, with its subscriber base exceeding 15 million, representing a 5.4% increase compared to the previous year. The group's total subscriber base grew to 189.3 million, reflecting an 11.7% increase from 2023.
The company has maintained robust growth across all sectors while focusing on connectivity and digitalization. By promoting innovation and creating long-term value, the group is committed to delivering sustainable returns to its shareholders.
Jassem Mohamed Bu Ataba Alzaabi, Chairman of e&, stated, “2024 was a year of growth. Emerging as the 'World’s Fastest Growing Brand' and establishing our first operational footprint in Europe were defining moments in e&’s journey.”
Hatem Dowidar, Group CEO of e&, noted that a significant achievement for the company was its expansion into Central and Eastern Europe with the majority acquisition of PPF Telecom’s assets, adding over 10 million new subscribers across Bulgaria, Hungary, Serbia, and Slovakia.
Dowidar also added that with a brand portfolio and investments exceeding USD 20 billion, e& is recognized as the World’s Fastest Growing Brand.
amacnews.com/vdch.6nit23nwm10d2.html
Source : news agency wam
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