Report
Pierre François Merveille

Altice International : Caution on macro and competition risks

Operating results continued to recover in H1 2022 (revenues +14%, EBITDA +9%), boosted by customer gains, FX and roaming tailwinds as well as the contribution of Unisono which was acquired in August 2021. Altice International faces competition risks in Portugal (52% of total revenues in 2021) with the expected arrival of a fourth mobile operator in 2023 and macro risks at Teads (14% of total revenues) which could pressure ad-related revenues. In the near term, liquidity is adequa...
Provider
Oddo BHF
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.

Analysts
Pierre François Merveille

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