Proximus stock gets a data boost as Scarlet expands plans

Published on 10/04/2026 at 20:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Proximus stock is tied to Scarlet's October 1 plan upgrade, with Cherry data rising from 20 GB to 35 GB at EUR 13 per month. Q2 revenue reached EUR 1.601 billion.

Architektonisches 3D-Render eines modernen gläsernen Bürohochhauses mit Grünanlagen — Architektur-Render eines modernen gläsernen Firmenhauptquartiers symbolisiert die Unternehmenszentrale des Telekomkonzerns Proximus PLC BE0003810273, Illustration mit AI erstellt.

Proximus (ISIN BE0003810273) was last at EUR 5.91 on Euronext Brussels on October 2, 2026, up 0.17 percent from EUR 5.90. The fresh company event is Scarlet's October 1 mobile-plan upgrade, which adds data and minutes while keeping customer prices unchanged, according to Proximus Group.

Scarlet adds data without higher prices

Scarlet doubled the data allowance on its Red plan from 5 GB to 10 GB at EUR 8 per month. Its Berry plan rose from 10 GB to 15 GB at EUR 10, while Cherry increased from 20 GB to 35 GB at EUR 13, per the October 1 release from Proximus Group.

The offer also lifts Cherry subscribers from 600 to 1,000 monthly calling minutes. That is a 400-minute increase, giving Proximus a concrete retention and value message in Belgium's price-sensitive mobile market.

Q2 revenue beats the forecast

Proximus generated EUR 1.601 billion in Q2 2026 revenue, compared with EUR 1.481 billion consensus, an 8.12 percent positive difference, according to the Q2 financial table published by MarketScreener.

Q2 EBIT reached EUR 235 million against EUR 143 million consensus, while net income came to EUR 154 million versus EUR 79.1 million. The same table shows diluted EPS of EUR 0.48 against EUR 0.23 consensus, a 111.09 percent difference, although the comparison is against estimates rather than the prior year.

Analyst target remains above the stock

MarketScreener lists a Hold consensus from 13 analysts, with an average price target of EUR 8.069 and a reference price of EUR 6.390 on September 21, 2026. Its published distance to the average target was 26.28 percent.

The contrast is clear: operating figures for Q2 exceeded consensus, while the valuation view still depends on execution through the company's planned 2027 financial turnaround. That makes the next quarterly update the next concrete checkpoint for the stock.

Stock stays below its yearly high

Proximus was last at EUR 5.91 on October 2, 2026, at 5:35 p.m. CEST, with 234,595 shares traded. The 52-week range was EUR 5.71 to EUR 8.55, placing the latest price 30.88 percent below the high; market capitalization stood at EUR 1.9 billion.