New Street Research - Iliad (ILDFP) Iliad Q4 24: Weak EBITDA performance in France; positive read across for SFR in mobile KPIs

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New Street Research

Russell Waller

EUR 9256.00 For Business Accounts Only

Iliad Q4 24: Weak EBITDA performance in France; positive read across for SFR in mobile KPIs

Iliad has had a mixed quarter, with French trends generally worse (in particular at EBITDAaL), but trends in Italy and Poland are more robust.

25/03/2025 1 EN

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Iliad

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New Street Research

Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.

New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:

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Analysts

Russell Waller

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Iliad Q4 24: Weak EBITDA performance in France; positive read across for SFR in mobile KPIs

Iliad (Equal Weight) Q3 24: Good EBITDA performance, but slower MSR growth in France

Orange (Buy, TP: €14, +35%) Altice France (SFR); High Yield (Overweight) Iliad; High Yield (Equal weight)

AT&T in talks to buy Lumen fiber assets

Mobileye win at Volkswagen: Passenger ADAS flying lower, not higher, at Western OEMs

ARC-AGI-2: Pushing the measure of intelligence beyond test-time compute

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