Altice Europe : Q3 EBITDA -2.5% short of forecasts. SFR was too aggressive in Q3
>Discounts dent sales and EBITDA in France - Revenue 2% short of expectations: Altice Europe’s Q3 revenues were down -4.6% y-o-y excluding VAT (vs -2.3% in Q2), -6.3% reported, i.e. -2% short of expectations, with a deterioration in France (-5.5% excluding VAT and -7.6% reported vs -6.6% in Q2) and in Israel (-4.9% vs -1.9% in Q2), but with a good performance in Portugal (+2.7% vs -5.4% in Q2).EBITDA -2.5% shy of forecasts: Adjusted EBITDA saw a decline of -6.8%...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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