Anuncio • May 03
Partner Communications Company Ltd. to Report Q1, 2024 Results on May 20, 2024 Partner Communications Company Ltd. announced that they will report Q1, 2024 results on May 20, 2024 Anuncio • Feb 19
Partner Communications Company Ltd. to Report Q4, 2023 Results on Mar 12, 2024 Partner Communications Company Ltd. announced that they will report Q4, 2023 results on Mar 12, 2024 Anuncio • Nov 09
Partner Communications Company Ltd. to Report Q3, 2023 Results on Nov 15, 2023 Partner Communications Company Ltd. announced that they will report Q3, 2023 results on Nov 15, 2023 Anuncio • Jul 26
Partner Communications Company Ltd. to Report Q2, 2023 Results on Aug 15, 2023 Partner Communications Company Ltd. announced that they will report Q2, 2023 results on Aug 15, 2023 Anuncio • Feb 03
Partner Communications Announces the Dismissal of A Motion for the Recognition of A Lawsuit as A Class Action Partner Communications Company Ltd. announced, that, further to the Company's immediate report on November 8, 2020, regarding the receipt of two lawsuits and a motion for the recognition of these lawsuits as class actions, filed against Partner and its subsidiaries in the Tel Aviv-Jaffa District Court, according to which the Respondents charged the customers a fee for an internet access service provider service after they began receiving this service from another company and that the Respondents did not provide the Service, in an over collected amount estimated in the Motion at over ILS 100 million, on February 1, 2023, a verdict was given according to which the Motion is dismissed, while charging the applicants with costs. Anuncio • Jan 28
Partner Communications Announces Delisting from Nasdaq and Concentration of Its Share Trading on the Tel Aviv Stock Exchange Partner Communications Company Ltd. ("Partner" or "the Company") announced that it intends to voluntarily delist its American Depositary Shares ("ADSs") from the NASDAQ Global Select Market ("NASDAQ") and concentrate its share trading on one single exchange, the Tel Aviv Stock Exchange ("TASE"). Following the effectiveness of the delisting from NASDAQ, the Company intends to deregister and terminate its reporting obligations with the Securities and Exchange Commission ("SEC") under the Securities Exchange Act of 1934, as amended ("US Exchange Act"). The Company will maintain the current listing of its shares on TASE, which will become Partner's only official stock exchange listing. The Board of Directors of the Company has determined after extensive consideration that its current dual listing structure, whereby its ADSs are traded on NASDAQ, in addition to the trading of its ordinary shares on TASE, is unnecessary in today's increasingly globalized trading environment, where investors have access to securities in international markets, regardless of where they are listed. Since the vast majority of its equity securities trade on TASE and its operations are substantially all carried out in Israel, it would be prudent for the Company to terminate its listing on NASDAQ. By maintaining one single listing on TASE, the Company will be able to focus even further on its business development, while reducing the costs and challenges to the Company of maintaining a listing in the United States, where the Company's operations are not focused. With the single listing in Tel Aviv, the Company will be subject to TASE's listing rules and the Israeli Securities Law, 5728-1968, its regulations and Israeli Securities Authority's reporting requirements and the high standards of corporate governance prevalent in Israel. The Company's strategy, its operations and its ability to grow its business will not change as a result of the Company concentrating its share trading on a single exchange. The Company anticipates that it will file with the SEC a Form 25 relating to the delisting of its ADSs from trade on NASDAQ on or about February 6, 2023. As a result, the Company expects that the last day of trading of its ADSs on NASDAQ will be no earlier than February 15, 2023. The change to a sole listing on TASE is intended to be effected upon the U.S. delisting, no earlier than February 16, 2023. In addition, the Company intends to terminate the registration of its securities and its reporting obligations under the US Exchange Act. For this purpose, the Company intends to file with the SEC a Form 15F on or about February 16, 2023. Upon such filing, the Company's reporting obligations with the SEC will be suspended immediately. The termination of the Company's registration and reporting obligations is expected to become effective no later than 90 days after such filing if there are no objections from the SEC. No action is required to be taken by ADSs investors at this time. Until such time as the Company may consider terminating its American Depositary Receipt (ADR) program, the ADR program will be maintained by the Depositary, Citibank, N.A. in the U.S. The Company anticipates that following the delisting from NASDAQ, the ADSs will be available for trade in the U.S. Over-The-Counter (OTC) market. Reported Earnings • Nov 24
Third quarter 2022 earnings released: EPS: ₪0.28 (vs ₪0.13 in 3Q 2021) Third quarter 2022 results: EPS: ₪0.28 (up from ₪0.13 in 3Q 2021). Revenue: ₪891.0m (up 6.5% from 3Q 2021). Net income: ₪51.0m (up 113% from 3Q 2021). Profit margin: 5.7% (up from 2.9% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Wireless Telecom industry in Europe. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 1 experienced director. No highly experienced directors. Independent External Director Jonathan Kolodny is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Anuncio • Nov 03
Partner Communications Company Ltd. to Report Q3, 2022 Results on Nov 23, 2022 Partner Communications Company Ltd. announced that they will report Q3, 2022 results on Nov 23, 2022 Anuncio • Aug 18
Partner Communications Company Ltd. Announces Receiving a Lawsuit Partner Communications Company Ltd. reported that on August 17, 2022, the Company received a lawsuit filed by Lapidot Capital Ltd., that hold 2,173,126 of the Company's shares, in the Central District Court in Lod. The Plaintiff's Shares are currently registered under the Plaintiff's name in the Company's shareholder registry as Founding Israeli Shareholder shares, as defined in the Company's Articles of Association. As part of the Lawsuit, the Plaintiff claims that due to changes to the Company's MRT license, the Company's Articles of Association no longer require the registration of the Plaintiff's Shares under the Plaintiff's name in the Company's shareholder registry. Therefore, the Plaintiff is petitioning the Court to grant an order to the Company instructing it to register the Plaintiff's Shares in the Company's shareholder registry under the Company's nominee company (Mizrahi Tfahot Nominee Company Ltd.), as regular and free shares, in a manner that will allow trading the Plaintiff's Shares on the stock exchange and a declaratory relief according to which the Plaintiff is entitled to receive damages from the Company in the amount equal to the value of the Plaintiff's Shares according to the share price on the date the Lawsuit was filed, in addition to interest and linkage differences from the date the Lawsuit was filed until the day the damages are granted, to be offset by the value of the shares on the day the Plaintiff's Shares will be registered under the nominee company. The Company is reviewing the Lawsuit. Due to the preliminary stage of the proceeding, the Company is unable to evaluate the probability of success of the Lawsuit. Reported Earnings • Aug 13
Second quarter 2022 earnings released: EPS: ₪0.26 (vs ₪0.049 in 2Q 2021) Second quarter 2022 results: EPS: ₪0.26 (up from ₪0.049 in 2Q 2021). Revenue: ₪859.0m (up 2.3% from 2Q 2021). Net income: ₪47.0m (up 422% from 2Q 2021). Profit margin: 5.5% (up from 1.1% in 2Q 2021). The increase in margin was primarily driven by lower expenses. Over the next year, revenue is forecast to grow 4.6%, compared to a 2.1% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Anuncio • Jul 29
Partner Communications Company Ltd. Announces Board Changes Partner Communications Company Ltd. announces that the Company's Board of Directors resolved to appoint Mr. Shlomo Rodav to serve as the Chairman of the Board of Directors. Mr. Rodav will replace Mr. Shlomo Zohar who concluded his term as Chairman of the Company's Board of Directors. Mr. Shlomo Rodav was appointed a director in the Company in April 2022. Mr. Rodav served in the past as Chairman of the Board of Directors of Yeinot Bitan Ltd., as Chairman of the Board of Directors of Bezek-the Israel Telecommunication Corp. Ltd. and as chairman and a board member of various public companies including Tnuva Ltd., Gilat Satellite Telecommunication Ltd., and as Chairman of the Board of Directors of Partner in 2013. Anuncio • Jul 22
Partner Communications Company Ltd. to Report Q2, 2022 Results on Aug 11, 2022 Partner Communications Company Ltd. announced that they will report Q2, 2022 results on Aug 11, 2022 Anuncio • Jun 23
Partner Communications Company Ltd., Annual General Meeting, Jul 28, 2022 Partner Communications Company Ltd., Annual General Meeting, Jul 28, 2022, at 14:00 Israel Standard Time. Location: 8 Ha'amal Street Rosh Haayin Israel Agenda: To consider the re-appointment of Kesselman & Kesselman, independent certified public accountants in Israel and a member of PricewaterhouseCoopers International Limited group, as the company's auditor for the period ending at the close of the next annual general meeting, and to authorize the Board of Directors to approve, after approval by the Audit Committee, the remuneration of the company's auditor, in accordance with the scope and nature of their services; to consider to auditor's remuneration for the year ended December 31, 2021, as determined by the Audit Committee and by the Board of Directors of the Company, and the report of the Board of Directors with respect to the remuneration paid to the auditor and its affiliates for the year ended December 31, 2021; and to consider other matters. Reported Earnings • May 26
First quarter 2022 earnings released: EPS: ₪0.21 (vs ₪0.027 in 1Q 2021) First quarter 2022 results: EPS: ₪0.21 (up from ₪0.027 in 1Q 2021). Revenue: ₪854.0m (up 2.5% from 1Q 2021). Net income: ₪39.0m (up ₪34.0m from 1Q 2021). Profit margin: 4.6% (up from 0.6% in 1Q 2021). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Anuncio • May 24
Partner Communications Company Ltd. Announces the Appointment of Mr. Avi Gabbay as New Ceo, Effective June 1, 2022 Partner Communications Company Ltd. approved the appointment of Mr. Avi Gabbay as the new CEO of the Company, effective June 1, 2022. In his last position, Mr. Gabbay served as the CEO of Cellcom and in the last six months he was subject to a cooling off period. In the past Mr. Gabbay served for six years as the CEO of Bezeq. Anuncio • May 20
Partner Communications Company Ltd. Appoints Shlomo Zohar as Chairman of the Board Partner Communications Company Ltd. announced that the company's board of directors resolved to appoint Mr. Shlomo Zohar to serve as the chairman of the board of directors until the company’s next Annual General Meeting of shareholders. Mr. Zohar will replace Ms. Osnat Ronen who concluded her term as Chairperson of the Company's Board of Directors and as a member of the Board of Directors on May 17, 2022. Mr. Shlomo Zohar has been a director in the company since October 2020. Mr. Zohar served in the past as Chairman of the Board of Directors of Israel Discount Bank Ltd. and as Chairman of the Board of Directors of B Communications Ltd. and currently he serves on the Board of Directors of several companies, including at Delek USA Energy Inc., and Isras Investment Company Ltd. Anuncio • May 18
Partner Communications Company Ltd. Announces the Resignation of Ms. Osnat Ronen as the Chairperson of the Board of Directors Partner Communications Company Ltd. announced that further to the Company's report dated April 12, 2022 regarding the resignation of Ms. Osnat Ronen, from her position as Chairperson of the Company's Board of Directors, Ms. Ronen has informed the Board of Directors that her resignation from her position as Chairperson of the Company's Board of Directors and as a member of the Board of Directors will become effective May 17, 2022. Anuncio • May 04
Partner Communications Company Ltd. to Report Q1, 2022 Results on May 24, 2022 Partner Communications Company Ltd. announced that they will report Q1, 2022 results on May 24, 2022 Anuncio • Apr 08
Partner Communications Company Ltd. Announces Board Appointments Partner Communications Company Ltd. announces the following changes to its Board of Directors: The Company's Board of Directors approved on April 7, 2022, the appointment of Mr. Shlomo Rodav as a member to the Company's Board of Directors. In accordance with the Company's Articles of Association and applicable law, Mr. Rodav shall serve in office until the coming Annual General Meeting of shareholders of the Company. Mr. Rodav served from 2020-2021 as the chairman of the Board of Directors of Yeinot Bitan Ltd. Prior to that he served from 2018-2020 as chairman of the Board of Directors of Bezek-the Israel Telecommunication Corp. Ltd. and prior to that he served as chairman and a board member of various public companies including Tnuva Ltd., Gilat Satellite Telecommunication Ltd. and as chairman of the Board of Directors of Partner in 2013. The Company's Board of Directors approved on April 7, 2022, the appointment of Ms. Anat Cohen-Specht as a member to the Company's Board of Directors. Ms. Cohen Specht serves as an external director on the Board of Directors of the Israel Airports Authority and is managing partner at UrbaniPro, a global real estate investment company. Previously, she served from 2015-2017 as the CEO of Suny Cellular Communications Ltd. The Company's Board of Directors approved on April 7, 2022, the appointment of Mr. Gideon Kadusi as a member to the Company's Board of Directors. In accordance with the Company's Articles of Association and applicable law, Mr. Kadusi shall serve in office until the coming Annual General Meeting of shareholders of the Company. Mr. Kadusi has a consulting firm that provides consulting services to owners and CEOs of mid-size private companies since 2015. Prior to that he served from 2014 until 2015 as the Acting CEO of Medton-Hedim Ltd. The Company's Board of Directors approved on April 7, 2022, the appointment of Mr. Doron Steiger as a member to the Company's Board of Directors. Mr. Steiger serves as Active chairman for Kibbutz Revivim and CEO of Kerur Holdings Ltd. Reported Earnings • Mar 01
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: ₪0.63 (up from ₪0.093 in FY 2020). Revenue: ₪3.36b (up 5.5% from FY 2020). Net income: ₪115.0m (up ₪98.0m from FY 2020). Profit margin: 3.4% (up from 0.5% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Anuncio • Feb 08
Partner Communications Company Ltd. to Report Q4, 2021 Results on Feb 28, 2022 Partner Communications Company Ltd. announced that they will report Q4, 2021 results on Feb 28, 2022 Reported Earnings • Nov 30
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: EPS: ₪0.13 (up from ₪0.027 loss in 3Q 2020). Revenue: ₪837.0m (up 4.6% from 3Q 2020). Net income: ₪24.0m (up ₪29.0m from 3Q 2020). Profit margin: 2.9% (up from net loss in 3Q 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Reported Earnings • Aug 22
Second quarter 2021 earnings released: EPS ₪0.049 (vs ₪0.038 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ₪840.0m (up 8.5% from 2Q 2020). Net income: ₪9.00m (up 29% from 2Q 2020). Profit margin: 1.1% (up from 0.9% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Executive Departure • Jun 02
Chief Executive Officer Isaac Benbenisti has left the company On the 1st of June, Isaac Benbenisti's tenure as Chief Executive Officer of the company ended after 5.9 years in the role. We don't have any record of a personal shareholding under Isaac's name. A total of 2 executives have left over the last 12 months. Under Isaac's leadership, the company delivered a total shareholder return of 68%. Reported Earnings • May 27
First quarter 2021 earnings released: EPS ₪0.027 (vs ₪0.055 in 1Q 2020) The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: ₪833.0m (up 3.2% from 1Q 2020). Net income: ₪5.00m (down 50% from 1Q 2020). Profit margin: 0.6% (down from 1.2% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Reported Earnings • Mar 27
Full year 2020 earnings released: EPS ₪0.093 (vs ₪0.12 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: ₪3.19b (down 1.4% from FY 2019). Net income: ₪17.0m (down 11% from FY 2019). Profit margin: 0.5% (down from 0.6% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Anuncio • Mar 10
Partner Communications Company Ltd. to Report Q4, 2020 Results on Mar 25, 2021 Partner Communications Company Ltd. announced that they will report Q4, 2020 results on Mar 25, 2021 Anuncio • Dec 25
Partner Communications Company Ltd. Announces Receiving Lawsuit and Motion for the Recognition of This Lawsuit as Class Action Partner Communications Company Ltd. announced that the company received a lawsuit and a motion for the recognition of this lawsuit as a class action, filed against the company and one of its subsidiaries in the Tel Aviv-Jaffa District Court on December 15, 2020. In the Motion it was allegedly claimed, among others, that the Respondents charge for an anti-virus service for email accounts and/or an anti-spam service for email accounts customers who do not use these Services and that the Respondents do not maintain records of their explicit requests to receive these Services. The total amount claimed against the Respondents, in case the Motion is accepted was not stated by the applicant (but was stated as estimated at over NIS 2.5 million). Is New 90 Day High Low • Dec 10
New 90-day high: €4.50 The company is up 42% from its price of €3.18 on 11 September 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Wireless Telecom industry, which is up 13% over the same period. Reported Earnings • Nov 26
Third quarter 2020 earnings released: ₪0.027 loss per share The company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: ₪800.0m (down 3.0% from 3Q 2019). Net loss: ₪5.00m (down 171% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Nov 19
New 90-day high: €3.96 The company is up 21% from its price of €3.28 on 20 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Wireless Telecom industry, which is up 1.0% over the same period. Anuncio • Nov 12
Partner Communications Company Ltd. to Report Q3, 2020 Results on Nov 25, 2020 Partner Communications Company Ltd. announced that they will report Q3, 2020 results at 7:12 AM, GMT Standard Time on Nov 25, 2020 Anuncio • Nov 08
Partner Communications Announces Receiving Lawsuits and Motions for the Recognition of These Lawsuits as Class Actions Partner Communications Company Ltd. announced that the Company received 2 lawsuits and a motion for the recognition of these lawsuits as class actions (the "Motions"), filed against Partner and its subsidiaries (together the "Respondents") in the Tel Aviv-Jaffa District Court on November 2, 2020. In the motions it was allegedly claimed that the Respondents charged the customers a fee for an internet access service provider service (the "Service") after they began receiving this service from another company and that the Respondents did not provide the Service in return for the payment. The total amount claimed in each of the Motions was not stated by the applicants, but was estimated by the applicants in each of the Motions to be at least tens of millions of NIS. Requests for recognition of lawsuits as class actions on similar grounds have been recently filed against other telecommunication companies. Partner is reviewing the Motions and is unable at this preliminary stage, to evaluate, with any degree of certainty, the probability of success of the lawsuits or the range of potential exposure, if any. Is New 90 Day High Low • Sep 30
New 90-day low: €3.06 The company is down 18% from its price of €3.74 on 02 July 2020. The German market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Wireless Telecom industry, which is down 13% over the same period. Anuncio • Sep 22
Partner Communications Company Ltd. Announces Receiving Lawsuit and Motion for the Recognition of This Lawsuit as Class Action Partner Communications Company Ltd. announced that the Company received a lawsuit and a motion for the recognition of this lawsuit as a class action, filed against Partner in the Central District Court on September 15, 2020. In the motion it was allegedly claimed that the Company sent advertisement messages in violation of the law. The total amount claimed against the Company, if the lawsuit filed against it is recognized as a class action, was not stated by the applicants, (however it was noted that it is estimated at over ILS 2.5 million) and the total personal amount was estimated at ILS 200 per message. Partner is reviewing and assessing the lawsuit and is unable at this preliminary stage, to evaluate, with any degree of certainty, the probability of success of the lawsuit or the range of potential exposure, if any. Anuncio • Aug 06
Partner Communications Company Ltd. to Report Q2, 2020 Results on Aug 18, 2020 Partner Communications Company Ltd. announced that they will report Q2, 2020 results on Aug 18, 2020