Altice Europe 3Q20 revenues up 3.2% to EUR3.8bn

20 Nov 2020

Altice Europe has reported total revenues of EUR3.775 billion (USD4.472 billion) for the three months ended 30 September 2020, up 3.2% from EUR3.775 billion in 3Q19. France accounted for the lion’s share of the group’s top-line figure, generating sales of EUR2.745 billion in the quarter under review. Adjusted EBITDA for 3Q20 jumped 5.1%, to EUR1.482 billion.

In operational terms, Altice Europe claimed 25.850 million B2C mobile subscribers at end-September, alongside 9.416 million unique B2C customers and 5.480 million unique fibre customers.

Patrick Drahi, Altice Europe’s founder, commented: ‘In line with the performance since the beginning of the year, the Group proved its resilience during the third quarter. In France, we have maintained growth in our core telecom business, supported by residential service revenue growth … We maintain our FY 2020 guidance to grow revenue and EBITDA, and continue to focus on deleveraging the Group through growing revenue, EBITDA and cash flow.’