Report
Altice France : Temporary slowdown in earnings and bolt-on M&A do not prevent mid-term deleveraging
>Muted Q3 results with revenues down -1.2%, adjusted EBITDA up +0.5% - In Q3 2021 and pro-forma the sale of Libération (newspaper) and Hivory (mobile towers) which respectively closed in September 2020 and October 2021, total results of the restricted group contracted by -1.2% YoY to € 2.71bn and adjusted EBITDA (after leases) rose by +0.5% YoY to € 1.05bn. Q3 trends mark a clear slowdown after Q1 (revenues +2.9%, EBITDA +0.7%) and Q2 (revenues +5.2%, EBITDA +5.7%)....
Underlying
SFR Group SA
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.
Pierre François Merveille
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