Poland's largest telecoms operator is expected to report the loss mainly due to restructuring charges related to planned layoffs. Sales are seen down 2.3 percent to 2.91 billion zlotys, forecasts from 6 banks and brokerages showed.
The forecasts would pin the full-year net loss at 62 million zlotys compared to a net loss of 1.75 billion zlotys in 2016 when the company booked an impairment after it had reassessed future projected cash flows.
"We expect a net loss (in Q4 of 2017), driven solely by restructuring charges estimated at PLN 170 million related to the 2018-19 Social Agreement to reduce the headcount by 2,680 people," Erste Group said in a research note.
Orange Polska has suffered in recent quarters due to a continued fall in its legacy fixed-line business, increased costs of sales and large-scale fibre investment.