Vocus 1H20 update: Network Services and New Zealand perform well, Retail doesn’t

Report Overview

Vocus 1H20 update: Network Services and New Zealand perform well, Retail doesn’t

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Vocus 1H20 update: Network Services and New Zealand perform well, Retail doesn’t
On 19th February 2020, Vocus announced its 1HFY20 results which were largely in line with expectations. In 2019, Vocus had initiated a 3-year transformation process and an organisational restructure was part of this process. The company was organised into three groups:
  • Vocus Networks (enterprise, wholesale and government)
  • Vocus Retail (consumer and SMB)
  • Vocus New Zealand.
In this report, we analyse the reported earnings and highlight some of the key trends across its businesses.

Contents

Key Takeaways

Vocus 1H20 earnings update

  • Vocus Network Services (Enterprise, Wholesale and Government)
  • Retail
  • New Zealand
  • FY19 Guidance and Strategy
  • Our Take

List of charts/tables

Figure 1. 1HFY20 Vocus key financials (A$m)

Figure 2. Vocus Group divisional performance

Figure 3. Vocus Networks key financials (A$m)

Figure 4. Australian retail financials and SIOs (A$m and ‘000 where applicable)

Figure 5. Consumer segment showing signs of stabilisation

Figure 6. New Zealand financials and SIOs (NZ$m and ‘000 where applicable)