The Altice Group is a multinational cable and telecommunications company with a presence in France, Israel, Belgium & Luxembourg, Portugal, French West Indies/ Indian Ocean Area and Dominican Republic (?Overseas Territories?) and Switzerland. We provide cable based services (high quality pay television, fast broadband Internet and fixed line telephony) and, in certain countries, mobile telephony services to residential customers and corporate customers.
Strong overall group financial performance with EBITDA up 13% and Operating Free Cash Flow up 24%. Very good momentum in France with significantly improving revenue trend and synergy execution ahead of plan. Implementation of restructuring on track in Portugal.
July 29, 2015: Altice SA (Euronext: ATC NA), today announces financial and operating results for the quarter ended June 30, 2015.
Strong pro forma1 EBITDA and Cash Flow growth
EUR3,906m Revenue, down 2.0% YoY (down 3.2% on CC2 basis) EUR1,131m International Revenue, down 0.6% EUR2,775m France Revenue, down 2.5% EBITDA of EUR1,549m, up 13% YoY (up 11% on CC basis) EUR491m International EBITDA, up 3.6% EUR1,063m France EBITDA, up 18% EBITDA margin expanded by 5.4% pts to 39.7% International margin expanded by 1.7% pts to 43.4% France margin expanded by 6.8% pts to 38.3% Operating Free Cash Flow3 of EUR911m, up 24% YoY (up 21% on CC basis) Key Strategic Update
France: Closed transaction to acquire 20% stake in Numericable-SFR from Vivendi on May 6th. 10% stake acquired by Numericable-SFR 10% stake acquired by Altice France through vendor note due in April 2016 US: Signing of definitive agreement with existing shareholders to acquire a 70% stake in Suddenlink on May 20th. Transaction expected to close in Q4 2015 Portugal: Closing of acquisition of Portugal Telecom on June 2nd. Altice NV: EGM will take place on August 6th 2015 in order to create a new corporate entity which will enable the adoption of a dual class share capital structure. Altice Media : Acquisition of stake in NextRadioTV
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