Altice 4Q16 revenues up 2.7% to EUR6.1bn

9 Mar 2017

Netherlands-based Altice Group has reported consolidated revenues of EUR6.087 billion (USD6.427 billion) for the three months ending 31 December 2016, up 2.7% on an annualised basis. The lion’s share of fourth-quarter sales were generated by the company’s SFR unit in France, which reported a headline figure of EUR2.892 billion, comfortably ahead of the Altice USA unit (comprising Cablevision and Suddenlink), which generated EUR2.133 billion in 4Q16. Adjusted EBITDA in Q4 increased 15.7% y-o-y, to reach EUR2.286 billion, meanwhile, driven by the strong growth of Altice USA.

In operational terms, Altice Group said its consolidated mobile user base stood at 25.957 million, the bulk of which (14.625 million) were in France. The group also reported that its total number of fibre/cable revenue generating units (RGUs) reached 19.538 million, while DSL RGUs stood at 13.278 million at end-December 2016.

Michel Combes, CEO of Altice, commented: ‘2016 was a pivotal year for Altice as we successfully transformed the Group into a leading, transatlantic converged communications player. Our business is stronger than ever and we have put all the building blocks in place for continued profitable growth. Our 2016 performance has validated the ‘Altice Model’ as we’ve been very focused on execution, seeing an advanced turnaround in Europe and stronger US performance. Indeed, since Altice took control of the major businesses it has acquired, France and Portugal have returned to revenue growth for the first time in many years, and growth in the US has significantly accelerated.’

France, Netherlands, United States , Altice Europe (formerly Altice Group), Altice France (SFR), Altice USA (incl. Optimum, Suddenlink)

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