Report
Altice Europe : The solid customer conquest is weighing on margins
>Weaker Q2 results, albeit in line with expectations - Revenues dropped by -4.8% (vs. -1.2% in Q1) and EBITDA fell by -10.3% (vs. -2.3%), as Altice was hit by the full VAT impact in France, tough competition in all markets and higher retention costs. Q2 results confirmed the improvement in customer conquest in France and in Portugal observed in Q1, driven by reduced churn (network automation to monitor issues, simplified offers, efforts to retain clients…). Thanks t...
Underlying
Altice Europe NV Class B
Provider
Oddo BHF
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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