Spread Research - SFR Group SA (NUMCF) SFR - Very Encouraging 1Q18 with significantly stronger net-adds in both mobile and fixed

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Spread Research

Jean-Rene Meduri

SFR - Very Encouraging 1Q18 with significantly stronger net-adds in both mobile and fixed

Altice France (SFR) reported very encouraging preliminary 1Q18 results. Revenue (including FOT) was down 1.1% to €2.599m but - thanks to cost savings being realized from workforce reduction - EBITDA came in 0.7% higher to €915m i.e. 35.2% margin (+60bps yoy).

18/05/2018 3 EN

Underlying

SFR Group SA

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FR0011594233 France

Provider

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 - Very Encouraging 1Q18 with significantly stronger net-adds in both mobile and fixed

Altice France : What is the next rabbit that will be pulled out of Drahi’s hat?

Altice France : What is the next rabbit that will be pulled out of Drahi’s hat?

Altice France : No turnaround yet

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

INTRALOT- Special Comment

IQVIA- 2Q18 Comments

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