Iliad's sales exceed one billion euros
Iliad welcomed on Tuesday for having "significantly improved its profitability" in a year. The parent company of ISP Free has indeed seen its net profit more than doubled in the first half of 2010 compared to the same period last year, its net income has reached 171.4 million euros (+138%) after the first six months of the year. The net result is partly boosted by an exceptional profit after tax of 39.9 million euros the statement said.
At the same time, its turnover has increased slightly, rising 4.6% over one year with the recruitment of 125,000 customers by brand Free, and despite the "negative base effect on the Alice brand given the loss of activities in wholesale and erosion of basic subscribers.
This increase is however enough to make him pass the symbolic billion euros in sales, it had never crossed until now. At the Paris Bourse, investors are satisfied with this publication. The Iliad as wins and 2.14%, to 70.99 euros, while the SBF 120 index, in which he withdraws rating of 1.42%. Iliad and carries the largest increase among the values of the SBF 120, and one of the largest increases of all the Parisian market.
The group should build on its good interim results.Thomas Reynaud, CFO of Iliad interviewed on BFM radio on Tuesday, has in fact stated that his group plans to unveil "very nice advertisements on ADSL by the end of 2010. Regarding the threat of a possible increase in VAT on offers "triple play" – which include television, internet and fixed telephony – the Iliad CFO declined to say whether the extra cost it would entail or not passed on the customer bill, but stressed that "after two taxes already established over the past two years, the increase in VAT would be a blow to digital activities."
End of restructuring costs for Alice
Iliad is pleased to be "one of the least indebted telecom operators in Europe with a debt ratio of 0.96 times at June 30, despite the acquisition of the mobile license for more than 240 million euros during the period.Gross debt Iliad reached 1.12 billion euros at the end of the first half.
The EBITDA of the group rebounded from 27.2% to 391.6 million euros at June 30, 2010, or 38.6% of turnover. The net operating income soared by almost 50% over the period, reaching 243.8 million euros. Iliad also emphasizes that no longer records of costs for the restructuring of Alice.
With its "excellent results for first quarter 2010, Iliad confirms its objectives. Operationally, it intends to continue growing its subscriber base to reach 5 million subscribers in early 2011, and indicate that, in the upcoming release of its mobile offering in 2012, it will cover 27% of the French population by the January 1, 2012.In financial terms, Iliad is a growing "double digit" of its EBITDA in 2010, and a "very strong increase in net profit in 2010
- Sony will eliminate 10,000 jobs this year
- The Paris Bourse ends in the green, reassured by Greece
- Technicolor will not be dismantled
- The CAC 40 remains in negative territory
- Toyota continues to resist reminders
You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.