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Iliad reports sharp increase in net profit in 2019

17 Mar 2020

Paris-based telecoms company Iliad Group has published its financial results for the twelve months ended 31 December 2019, reporting a 9.0% increase in its consolidated revenues, to EUR5.332 billion (USD5.94 billion) from EUR4.891 billion in 2018, with its operations in France generating EUR4.912 billion (up by 3.0% year-on-year), while its Italian unit, which launched on 29 May 2018, reported revenues of EUR427 million for the period under review. The company’s domestic unit generated mobile revenues of EUR2.049 billion in 2019 (up 5.8% y-o-y), while its landline revenues increased by 0.4% y-o-y to EUR2.640 billion (EUR2.631 billion in 2018). EBITDAaL in 2019 was EUR1.653 billion, down 5.8% y-o-y (broken down as EUR1.906 billion in France and -EUR253 million in Italy), while profit for the period skyrocketed to EUR1.726 billion (EUR330 million in 2018) due to ‘good results in France and the capital gain generated by the operations carried out in France and Italy with Cellnex’.

In operational terms, the group’s mobile customer base in its domestic market stood at 13.313 million subscribers at 31 December 2019, down from 13.441 million at end-2018. In Italy, Iliad reported a total of 5.281 million mobile users at end-December, up from 2.837 million y-o-y. The number of broadband subscribers in France, meanwhile, reached 6.460 million, with fibre users standing at 1.760 million (983,000 in 2018). Iliad also noted that it had 8.177 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 13.900 million (9.600 million at end-2018), with a target to cover 22 million by 2022 and around 30 million by 2024.

France, Italy, Free, Free Mobile, Iliad, Iliad Italy

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