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Iliad reports robust revenue growth for all units in Q3 2022

15 Nov 2022

Paris-based telecoms company Iliad Group has published its financial results for the three months ended 30 September 2022, reporting a 12.5% increase in its consolidated revenues to EUR2.150 billion (USD2.22 billion), up from EUR1.912 billion in Q3 2021, with its operations in France generating EUR1.405 billion (up 7.5% year-on-year), while its Italian unit contributed revenues of EUR238 million by end-September 2022 (up 15.0% y-o-y). Play in Poland, meanwhile, generated revenues of EUR512 million in the three months under review, up 27.4% annually. Revenues for the nine months to end-September 2022 amounted to EUR6.174 billion, up 9.6% y-o-y from EUR5.633 billion in 9M 2021. EBITDAaL for the nine-month period was EUR1.669 billion, up 4.1% y-o-y, while profit for the period reached EUR716 million (EUR709 million in 9M21). Consolidated CAPEX, meanwhile, decreased by 18.7% y-o-y, to EUR1.115 billion (EUR1.371 billion in 9M 2021).

Iliad disclosed that the integration phase between Play and newly acquired unit UPC Poland is underway, with aims to create a FiberCo in early 2023, which will accelerate the expansion of the addressable market.

In operational terms, Iliad Group’s mobile subscription base in its domestic market reached 14.042 million by 30 September 2022, up from 13.858 million in June 2022. In Italy, Iliad reported a total of 9.343 million mobile subscriptions at end-September, up from 9.082 million in the previous quarter, while Poland had a total of 12.762 million mobile subscriptions (12.694 million in June 2022). The number of broadband subscriptions in France, meanwhile, reached 7.126 million, with fibre subscriptions standing at 4.053 million. The number of connectable fibre-to-the-home (FTTH) nodes, meanwhile, reached 29.8 million (28.6 million at end-June 2022), 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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