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Iliad reports a 10% increase in revenues in 2020

16 Mar 2021

Paris-based telecoms company Iliad Group has published its financial results for the twelve months ended 31 December 2020, reporting a 10.1% increase in its consolidated revenues to EUR5.871 billion (USD7 billion) from EUR5.332 billion in 2019, with its operations in France generating EUR5.004 billion (up 1.9% year-on-year), while its Italian unit contributed revenue of EUR674 million in 2020 (up 58% y-o-y from EUR427 million in 20019). Polish subsidiary Play (acquired in late 2020), meanwhile, accounted for a total revenues of EUR200 million. The company’s domestic unit generated mobile revenues of EUR2.123 billion in the period under review (up 3.6% y-o-y), while its landline service revenues increased by 2.1% y-o-y to EUR2.695 billion (2019: EUR2.640 billion). EBITDAaL in 2020 was EUR1.957 billion, up 18.4% y-o-y (broken down as EUR2.021 billion in France, -EUR133 million in Italy and EUR70 million in Poland), while profit for the period plummeted to EUR420 million (EUR1.726 billion in 2019) due ‘to very significant non-recurring items (capital gains on the sale of 70% of OTF, the company that managed its French passive mobile telecommunications infrastructure, to Cellnex)’ in 2019.

In operational terms, Iliad Group’s mobile customer base in its domestic market reached 13.376 million subscribers by 31 December 2020, up from 13.313 million in 2019. In Italy, Iliad reported a total of 7.235 million mobile users at end-December, up from 5.281 million y-o-y. Regarding Play in Poland, Iliad reported a total of 15.402 million registered mobile subscribers (up by 137,000 y-o-y), with 12.193 million active users (11.897 million in 2019); in addition, Play signed up 126,000 home subscribers (7,000 of which were high speed broadband users). The number of broadband subscribers in France, meanwhile, reached 6.772 million, with fibre users standing at 2.803 million (1.760 million in 2019). The number of connectable fibre-to-the-home (FTTH) nodes, meanwhile, reached 19.910 million (13.900 million at end-2019), with a target to cover 30 million by 2022.

France, Italy, Poland, Free, Free Mobile, Iliad, Iliad Italy, Play (P4, incl. UPC Poland)

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