Altice Europe : EBITDA 7% better than expected, return to growth in France
>Good quarter, return to growth in France, aggressive stance - Altice had given indications based on an incomplete scope at the time of its refinancing, but they still showed a fairly strong trend for Q1 in France (2% increase). In reality, France actually worked out even better than that, thanks, it would seem, to SFR FTTH, with reported France EBITDA at € 956m, i.e. +4.5% vs a consensus of -4.2%. At the group level, Altice reported revenues at -0.4%, i.e. € 3.5...Altice Europe is a provider of cable, fiber, mobile, telecommunications, content and media in Western Europe (comprising France, Portugal, Belgium, Luxembourg1 and Switzerland), the United States of America (U.S.), Israel, the Dominican Republic and the French overseas territories (comprising Guadeloupe, Martinique, French Guiana, La Reunion and Mayotte). Through its various business operations, Co. provides fixed services, mobile telephony services (other than in the U.S.) and media and advertising services to B2C and B2B customers in all of the geographies in which it operates. In addition, Co. offers a variety of wholesale and other services.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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