Iliad Group reports ‘outstanding commercial performance’ in FY 2016

7 Mar 2017

French telecoms company Iliad Group has published its financial results for the twelve months ended 31 December 2016, reporting 7.0% annual growth in its consolidated revenues to EUR4.722 billion (USD5.005 billion), up from EUR4.414 billion in 2015. The positive development was mainly attributed to sustained growth by the company’s mobile operations, which generated revenues of EUR2.043 billion in the period under review, up by 11.7% from EUR1.829 billion in the corresponding period of 2015. Landline revenues meanwhile increased by 3.6% year-on-year, to EUR2.690 billion. The group reported a 20.2% improvement in its profit for the period, booking EUR402.7 million in gains (up from EUR335.0 million in 2015). Consolidated EBITDA, meanwhile, reached EUR1.676 billion in 2016, up 12.5% y-o-y from EUR1.490 billion.

In operational terms, the group’s total mobile customer base reached 12.7 million subscribers by 31 December 2016, with one million net additions in the preceding twelve months. The number of broadband subscribers also increased in the period under review, by 300,000, to 6.4 million. Further, the company noted that it had increased its 4G population coverage to 89%, with 5.9 million 4G subscribers on its books at that date. Following the award of additional 4G-suitable frequencies in the 700MHz and 1800MHz bands earlier in the year, Iliad reported that it now had 3,300 LTE-1800 sites and 236 LTE-700 in operation. The number of connectable fibre-to-the-home (FTTH) nodes, meanwhile, reached 4.4 million (2.5 million in end-2015).

France, Free Mobile (Iliad), Iliad (Free)