Altice Group 3Q15 revenues drop 2.9%; EBITDA up 13%

28 Oct 2015

Netherlands-based telco Altice Group has reported revenues of EUR3.844 billion (USD4.248 billion) for the three months ended 30 September 2015, representing a fall of 2.9% from EUR3.958 billion one year earlier. The lion’s share of the group’s sales were generated in France, where Altice owns full-service telecoms operator Numericable-SFR; the French unit reported revenues of EUR2.768 billion, down 3.7% year-on-year. Meanwhile, group EBITDA for 3Q15 increased 13 to reach EUR1.532 billion.

In operational terms, Altice reported a total of 26.519 million mobile customers at end-September 2015, of which 15.013 million were in France, followed by Portugal (MEO, 6.234 million) and the Dominican Republic (Orange Dominicana, 3.817 million). Total cable (broadband/pay-TV) users reached 3.459 million, including 1.737 million in France, while the group’s consolidated xDSL customer base was reported at 15.264 million, with Numericable-SFR accounting for 12.009 million accounts.

Dexter Goei, CEO of Altice, commented: ‘Q3 2015 was another strong quarter for the Altice Group, with 13% growth in our adjusted EBITDA and 34% growth in our operating free cash flow, as we continue our successful strategy based on fixed and mobile convergence and the implementation of best practices and efficiencies across all of our operations. We are particularly pleased with the strong start to the synergies realisation plan in Portugal and with the improving revenue and customer base trends in France … After a period of significant M&A activity, our prime focus is on delivering on our operational plans and integrating our new US businesses’.

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