ALTICE - SECOND QUARTER 2015 RESULTS
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
Bleibe Long der Kurs Anfang der Woche gestiegen leider ist der Kurs Ende der Woche wider gesunken.
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