11 May 2017
Netherlands-based Altice Group has reported consolidated revenues of EUR5.9 billion (USD6.5 billion) for the three months ending 31 March 2017, up 3.2% on an annualised basis. The lion’s share of first-quarter sales were generated by the company’s SFR unit in France, which reported a headline figure of EUR2.7 billion, comfortably ahead of the Altice USA unit (comprising Cablevision and Suddenlink), which generated EUR2.2 billion in 1Q17. Adjusted EBITDA in Q1 increased 9.5% y-o-y, to reach EUR2.2 billion, meanwhile, driven by the strong growth of Altice USA.
In operational terms, Altice Group said its consolidated mobile user base stood at 25.837 million at the end of the first quarter, the bulk of which (14.514 million) were in France. The group also reported that its total number of fibre/cable RGUs reached 19.894 million, while DSL RGUs stood at 12.927 million at end-March 2017.
Michel Combes, CEO of Altice Group, commented: ‘We begin 2017 with another quarter of successful execution and accelerated growth. We continue to see the benefits of being a leading, transatlantic converged communications player with these results further validating the ‘Altice Model’. That is, reinvesting growing cash flows and attracting the best talent to provide the best customer experience, the best infrastructure, and the best content.’