Altice generates revenues of EUR23.4bn in 2017

16 Mar 2018

Netherlands-based Altice Group has reported consolidated standalone revenues of EUR23.4 billion (USD28.9 billion) for the twelve months ended 31 December 2017, up 0.6% on a constant currency basis compared to 2016, alongside standalone EBITDA of EUR9.4 billion (+6.4%).

Following the formal spin-off of its Altice USA unit on 8 January, the group has reported that Altice Europe generated consolidated standalone revenues of EUR14.7 billion in 2017, down 0.5% on a constant currency basis. Meanwhile, adjusted EBITDA for the year under review reached EUR5.8 billion – broadly unchanged on an annualised basis. Altice France (SFR) contributed the lion’s share of the top-line figure, generating sales of EUR10.8 billion in 2017, albeit down 1.6% from EUR11.0 billion in 2016. Altice USA, meanwhile, generated standalone revenues of EUR8.3 billion in 2017, up 3.2% y-o-y, alongside adjusted EBITDA of EUR3.4 billion.

Dexter Goei, President of the Board of Altice, commented: ‘After several years of acquisitions, 2017 was the year of integration and execution, with an ongoing focus on making our customer experience better. As well as accelerated investment into upgrading our fixed and mobile networks for better quality services, Altice rapidly expanded its media and advertising businesses as new areas of growth. In parallel, Altice has taken important steps to simplify the group and separate the business into a European and US group with distinct strategies.’

The company’s earnings release also confirmed that the process of divesting the group’s French and Portuguese cell towers is now underway. Altice claims that the assets represent the largest tower portfolio to ever come to market in Europe, comprising some 10,000 French cell sites and around 3,000 in Portugal.

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

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