Iliad Group reports a 5.6% growth in revenues in 2017

13 Mar 2018

French telecoms company Iliad Group has published its financial results for the twelve months ended 31 December 2017, reporting 5.6% annual growth in its consolidated revenues to EUR4.99 billion (USD6.2 billion), up from EUR4.72 billion in 2016. The positive development was mainly attributed to sustained growth by the company’s mobile operations, which generated revenues of EUR2.21 billion in the period under review, up 8.4% from EUR2.04 billion in the corresponding period of 2016. Landline revenues meanwhile increased by 3.5% year-on-year, to EUR2.79 billion. The group reported a 19.3% improvement in its profit for the period, booking EUR480.3 million in gains (up from EUR402.7 million in 2016). Consolidated EBITDA, meanwhile, reached EUR1.78 billion in 2017, up 6.0% y-o-y from EUR1.68 billion.

In operational terms, the group’s mobile customer base reached 13.70 million subscribers by 31 December 2017, with nearly one million net additions in the preceding twelve months. The number of broadband subscribers also increased in the period under review, by 135,000, to 6.52 million. Iliad also noted that it had increased its 4G population coverage to 86% (3G: 94%), with 8.2 million 4G subscribers on its books at that date. Following the award of additional 4G-suitable frequencies in the 700MHz and 1800MHz bands in 2016, Iliad reported that it now had 4,300 LTE-1800 sites and 700 LTE-700 in operation. The number of connectable fibre-to-the-home (FTTH) nodes, meanwhile, reached 6.2 million (4.4 million at end-2016).

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