Spread Research - SFR 1Q17 - Revenue stabilizes, room to improve margins remain

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Spread Research

Jean-Rene Meduri

EUR 157.58 For Business Accounts Only

SFR 1Q17 - Revenue stabilizes, room to improve margins remain

The #2 French telecom operator, SFR, held a conference call this afternoon to discuss its 1Q17 results. Revenue was broadly stable (+0.6% yoy) while EBITDA declined by 5.1% to â‚¬820m i.e. a 30.3% margin (-180bps yoy) due to higher content costs.

11/05/2017 2 EN

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Spread Research

Spread Research is France's first Rating Agency, registered by ESMA (European Securities and Markets Authority) and a leading European Independent Credit Research firm, founded in 2004 and based in Lyon, France. Our experienced team offer key research services using a wide range of investment strategies and research methodologies for the High Yield, Emerging Markets, Convertibles and Loan Markets.

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Analysts

Jean-Rene Meduri

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SFR 1Q17 - Revenue stabilizes, room to improve margins remain

Gamenet 2q18 - sport payout change offsets regulation impact, goldbet to boost profitability

INTRALOT- Special Comment

IQVIA- 2Q18 Comments

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