iliad: Q1 sales up 8%
(CercleFinance.com) - iliad today presented its Q1 2023 results.
It announced 8% pro-forma organic growth in revenues to E2.2bn: revenues increased 7.6% in France, 12.6% in Italy and 7.3% in Poland.
EBITDAaL grew 3.8% organically to E783m on a pro-forma basis and each country's EBITDAaL increased y-o-y. Group CAPEX was E553m in Q1 2023, up 14% on a pro-forma organic basis.
Despite the impact of higher energy costs on EBITDAaL and the increase in growth investments in France and Poland, operating FCF remained at E229 million, with a limited decline of E20m over 12 months.
Its financial structure improved at end-March 2023: leverage stood at 3.1x at end-March 2023, compared to 3.2x at end-December 2022. All of iliad's short and medium-term financing needs are covered.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
It announced 8% pro-forma organic growth in revenues to E2.2bn: revenues increased 7.6% in France, 12.6% in Italy and 7.3% in Poland.
EBITDAaL grew 3.8% organically to E783m on a pro-forma basis and each country's EBITDAaL increased y-o-y. Group CAPEX was E553m in Q1 2023, up 14% on a pro-forma organic basis.
Despite the impact of higher energy costs on EBITDAaL and the increase in growth investments in France and Poland, operating FCF remained at E229 million, with a limited decline of E20m over 12 months.
Its financial structure improved at end-March 2023: leverage stood at 3.1x at end-March 2023, compared to 3.2x at end-December 2022. All of iliad's short and medium-term financing needs are covered.
Copyright (c) 2023 CercleFinance.com. All rights reserved.