Iliad Group returns to revenue growth in 1H19

3 Sep 2019

Paris-based telecoms company Iliad Group has published its financial results for the six months ended 30 June 2019, reporting an 8.4% increase in its consolidated revenues, to EUR2.607 billion (USD2.86 billion) from EUR2.404 billion in 1H18, with its operations in France generating EUR2.432 billion (up by 1.5% year-on-year), while its Italian unit, which launched on 29 May 2018, reported revenues of EUR177 million for the period under review. The company’s domestic unit generated mobile revenues of EUR997 million in 1H19 (up 3.7% y-o-y), while its landline revenues decreased by 1.5% y-o-y to EUR1.312 billion (EUR1.332 billion in 1H18). EBITDAaL in 1H19 was EUR802 million, down 7.4% y-o-y (broken down as EUR910 million in France and -EUR108 million in Italy), while profit from ordinary operations decreased by 40.1% to EUR243 million (EUR406 million in 1H18) and profit from recurring operations dropped to EUR91 million (down 60.8% y-o-y).

In operational terms, the group’s mobile customer base in its domestic market reached 13.314 million subscribers by 30 June 2019, down from 13.625 million a year earlier. In Italy, Iliad reported a total of 3.841 million mobile users at end-June, up from 635,000 at mid-2018. The number of broadband subscribers in France, meanwhile, reached 6.396 million, with fibre users standing at 1.305 million (734,000 in mid-2018). Iliad also noted that it had 7.928 million subscribers on its unlimited 4G plan at the end of the reporting period. The number of connectable fibre-to-the-home (FTTH) nodes, meanwhile, reached 11.5 million (7.9 million at June 2018), with a target to cover 20 million by 2022.

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