Report

Iliad : Q4 in line, poor in terms of KPI, 3%> for EBITDA. The low point seems to have been reached at last, but lower than expected

>Poor publication in terms of KPIs, 3% higher than expected for EBITDA - Iliad reported 2018 figures that were broadly in line with expectations, poor in terms of KPIs, in line or below for revenues and 3% higher for EBITDA. Revenues of € 4.89bn in 2018 (vs Oddo BHF: € 4.92bn under IFRS 15 and consensus € 4.9bn), i.e. an increase of 0.6%. In Q4, the group reported revenues of € 1.25bn, up +0.5%, i.e. 1.6% below forecasts due mainly to mobile. In Q4 fixed revenue...
Underlying
Iliad

Iliad is an operator in the French internet access & telecommunications markets. Co. divides its operations into three business segments: Broadband, Traditional Telephony, and Retail Telecom. Broadband includes Internet service provider operations, hosting services, user assistance operations & operations related to the rollout of the FTTH (fiber-to-the-home) network. Traditional Telephony includes switched landline telephony (One.Tel and Iliad Telecom), directory services (mainly the ANNU reverse look-up directory accessible by Minitel, telephone, Internet and SMS text messaging) and e-commerce operations (Assunet.com). Retail Telecom offers various mobile phones & services to customers.

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.

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