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Iliad reports growth in revenues, EBITDAaL in 1Q22

20 May 2022

Paris-based telecoms company Iliad Group has published its financial results for the three months ended 31 March 2022, reporting a 4.8% increase in its consolidated revenues to EUR1.934 billion (USD2.04 billion) from EUR1.846 billion in Q1 2021, with its operations in France generating EUR1.339 billion (up 6.1% year-on-year), while its Italian unit contributed revenue of EUR214 million by end-March 2022 (up 13.9% y-o-y). Play in Poland, meanwhile, generated revenues of EUR384 million in the three months under review, down 3.5% annually. EBITDAaL in 1Q22 was EUR714 million, up 5.4% y-o-y (broken down as EUR493 million in France, EUR40 million in Italy and EUR181 million in Poland), while profit for the period reached EUR477 million (EUR131 million in 1Q21). Consolidated CAPEX meanwhile decreased, by 34.8% y-o-y, to EUR465 million (EUR713 million in Q1 2021).

Iliad disclosed that it completed the acquisition of UPC Poland on 1 April 2022; the integration phase is underway, with aims to establish the combined outfit of Play and UPC Poland as the country’s leader in network convergence.

In operational terms, Iliad Group’s mobile subscription base in its domestic market reached 13.738 million by 31 March 2022, up from 13.611 million in December 2021. In Italy, Iliad reported a total of 8.825 million mobile subscriptions at end-March, up from 8.505 million at end-2021, while Poland had a total of 12.473 million mobile subscriptions (12.129 million in December 2021). The number of broadband subscriptions in France, meanwhile, reached 6.981 million, with fibre subscriptions standing at 4.012 million (3.773 million in 2021). The number of connectable fibre-to-the-home (FTTH) nodes, meanwhile, reached 27.100 million (25.500 million at end-2021), with a target to cover 30 million by year-end.

France, Italy, Poland, Free, Iliad, Iliad Italy, Play (P4), UPC Poland

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