Iliad (Free) reports rising profits, revenues in 2007

12 Mar 2008

French telecoms group Iliad, which owns the ISP Free, posted net profits of EUR150.2 million (USD230.7 million) in 2007, up from EUR120.6 the previous year on revenues of EUR1.21 billion, up 29.7% year-on-year. Underlying operating profit rose 20.4% to EUR213.8 million, and earnings before interest tax depreciation and amortisation (EBITDA) climbed 35% in the year to 31 December 2007 from EUR328.5 million to EUR443.6 million; the EBITDA margin was 36.6% compared to 35.1% in 2006. Iliad’s Free unit hopes to have signed up a total of 3.25 million broadband subscribers by the end of 2008, compared with 2.9 million at 31 December 2007, and confirmed its target of four million high speed internet customers by 2010. It is also planning to increase the proportion of unbundled customers on its books from 81.5% at end-2007 to 84% by the end of 2008. Iliad plans to invest between EUR300 million and EUR400 million to roll out a fibre-optic network covering 70% of Paris in the second half of 2009.

France, Iliad (Free)