Iliad Group reports flat revenues, profit in 1H18

4 Sep 2018

French telecoms company Iliad Group has published its financial results for the six months ended 30 June 2018, reporting flat consolidated revenues of EUR2.404 billion (USD2.79 billion), with its operations in France generating EUR2.395 billion (down marginally, by 0.2% year-on-year), while its Italian unit, which launched on 29 May, reportred revenues of EUR9 million by end-June 2018. The company’s domestic mobile operations amassed revenues of EUR1.334 million in the period under review, down 2.2% from EUR1.364 million in the corresponding period of 2017. Landline revenues meanwhile increased by 2.4% year-on-year, to EUR1.066 million. Consolidated EBITDA in 1H18 was EUR866 million, down 1% y-o-y (broken down as EUR894 million in France and -EUR9 million in Italy), while profit for the period marginally decreased by 0.4% to EUR232 million (EUR233 million in 1H17).

In operational terms, the group’s mobile customer base in its domestic market reached 13.625 million subscribers by 30 June 2018, with 485,000 net additions in the preceding twelve months. In Italy, Iliad reported a total of 635,000 mobile users at end-June, though it disclosed that the unit had signed up 1.5 million users by early August 2018. The number of broadband subscribers in France, meanwhile, remained flat, at 6.473 million, though fibre users grew to 734,000 (419,000 in 2Q17). Iliad also noted that it had increased its 4G population coverage to 90% (3G: 96%), with 8.4 million 4G subscribers on its books at the end of the reporting period. The number of connectable fibre-to-the-home (FTTH) nodes, meanwhile, reached 7.9 million (6.2 million at end-2017), with targets of nine million (2018) and 20 million (2022).

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