Altice Q2 revenue dips 2% y-o-y to EUR3.91bn

29 Jul 2015

Luxembourg-based Altice Group has reported revenue of EUR3.906 million (USD4.321 billon) for the three months ended 30 June 2015, down 2.0% on an annualised basis. The lion’s share of the company’s turnover was generated in France, where it owns the newly merged Numericable-SFR full-service operator; revenue derived from French operations dropped 2.5% year-on-year to EUR2.775 billion. EBITDA for the quarter surged 13% to EUR1.549 million, on the back of an 18% improvement in France.

In operational terms, Altice claimed total cable-based revenue generating units (RGUs) of 8.792 million as at 30 June, while fixed, non-cable RGUs totalled 15.658 million. Meanwhile, Altice saw its consolidated mobile subscriber base increase to 26.690 million as of mid-year. Although Altice’s international footprint now spans around ten countries, its French operations continue to account for the bulk of RGUs in each category.

Dexter Goei, CEO of Altice, commented: ‘Q2 2015 was another strong quarter for the Altice Group, with 13% growth in our adjusted EBITDA and 24% growth in our operating free cash flow, as we continue our successful strategy based on fixed and mobile convergence and the implementation of best practices and efficiencies across all of our operations. We are particularly pleased with the recent revenue trends in France and our other businesses, the integration of Portugal Telecom into the Altice Group and the continued acceleration of our investments in both fibre and 4G+ infrastructure.’

France, Luxembourg, Altice Europe (formerly Altice Group), Altice France (SFR)