Altice 1Q16 revenues drop 2.7% to EUR4.26bn

11 May 2016

Netherlands-based Altice Group has reported consolidated group revenues of EUR4.260 billion (USD4.850 billion) for the three months ended 31 March 2016, representing a drop of 2.7% on an annualised basis. The company’s French operations – comprising full-service telecoms operator Numericable-SFR – accounted for the lion’s share of the first quarter top-line, generating sales of EUR2.573 billion. Adjusted group EBITDA for the period under review edged up 0.9%, meanwhile, to reach EUR1.615 billion.

In operational terms, Altice reported a total of 26.444 million mobile customers at end-March 2016, of which 14.865 million were in France, followed by Portugal (MEO, 6.148 million) and the Dominican Republic (Orange Dominicana, 3.918 million). Total fibre-based revenue generating units (RGUs, including broadband, pay-TV and telephony) reached 12.045 million, including 5.062 million in France, while the group’s total number of xDSL RGUs was reported at 14.523 million, with Numericable-SFR accounting for 11.388 million accounts.

Dexter Goei, CEO of Altice, commented: ‘We have made significant progress in executing our operational, financing and strategic agenda across the group. It has been a challenging quarter in France but we are confident that our accelerated network investment programme, content-enriched service offering and operational improvements will deliver improving results throughout 2016 under the new management. Portugal Telecom is well on track to become the bellwether operator in the European communications space. We are excited about Suddenlink’s performance under our first full quarter of ownership and its growth prospects. We look forward to successfully concluding the Cablevision regulatory approval process and closing the acquisition in Q2 2016.’

Dominican Republic, France, Netherlands, Portugal, Altice Europe (formerly Altice Group), Altice France (SFR)