Wind Tre - Weak 1Q18 ahead of Iliad entry, credit view downgraded
Wind Tre posted weak 1Q18 results. Revenue was down by 8.9% to €1,410m and EBITDA by 5.3% to €490m, i.e. a margin of 34.7% (+130bps yoy). The performance was particularly poor in mobile (79% of total revenue). Choosing not to respond to aggressive pricing implemented by some of its competitors (Kena and MVNOs), Wind Tre continued to lose a very significant number of customers (-300k qoq and -1.7m yoy).
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.