Altice Europe: Q3 2019 revenue up 6.9%

(CercleFinance.com) - The group reported Q3 2019 revenue that is up 6.
9% y-o-y at 3,669 million euros (up 6.3% at constant currencies).

Adjusted EBITDA increased by 8.8% y-o-y to 1,407 million euros (up 8.2% at constant currencies) compared to 9.8% in Q2 2019. The group's adjusted EBITDA margin was 38.4% in Q3 2019 (+0.7pt y-o-y).

Altice France recorded growth in revenue for all segments (residential, business services and media). This reached 7.2% year-on-year in Q3 2019 (compared to 4.0% in Q2 2019), with 9.0% adjusted EBITDA growth year-on-year (compared to 10.1% in Q2 2019).

Altice France has thus continued to reduce the churn for both fixed and mobile. The residential fixed base increased by 41,000 clients, with 59,000 fibre clients, with 44% of all fixed subscribers having fiber.


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