Iliad reports 22% growth in profit in 1H17

1 Sep 2017

French telecoms company Iliad Group has published its financial results for the six months ended 30 June 2017, reporting 7.3% annual growth in its consolidated revenues to EUR2.464 billion (USD2.93 billion), up from EUR2.297 billion in H1 2016. The positive development was mainly attributed to sustained growth by the company’s mobile operations, which generated revenues of EUR1.075 billion in the period under review, up by 10.5% from EUR973.4 million in 1H16. Landline revenues, meanwhile, increased by 4.8% year-on-year, to EUR1.394 billion. The group reported a 22% improvement in its profit for the period, booking EUR233 million in gains (up from EUR190.0 million in 1H16). Consolidated EBITDA, meanwhile, reached EUR875 million in the six months to end-June 2017, up 8.2% y-o-y, while EBITDA margin improved to 35.5% (35.2% in June 2016). The group invested EUR723 million in its landline and mobile infrastructure in France in the first six months of 2017, with an additional EUR58 million ploughed into its Italian operation, which is scheduled to launch services in early 2018.

In operational terms, the group’s total mobile customer base reached 13.140 million subscribers by 30 June 2017, with 6.800 million 4G subscribers at that date. The number of broadband subscribers also increased, albeit more modestly, up 3.3% to 6.468 million by end-June 2017. Further, the company noted that roughly 2,200 sites were equipped to support 4G services in the 1800MHz band, with 500 base stations enabled for LTE-700, bringing Free’s 4G population coverage to over 82% (3G: 91%).

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