The Q2 release confirms the stabilisation of revenues previously noted during Q4 16 and Q1 17. They were indeed down by 0.4% (pro forma for the acquisition of media assets) and a little bit disappointing compared to Q1 (+0.6%) due to a still significant decline in the fixed subscriber base (-2.8% yoy but only -0.25% qoq). The guidance for revenue stabilisation for the whole year 2017 has been logically reiterated. EBITDA was down by 4.6%, a slight improvement compared to the 5.1% decline reco
28 Jul 2017
Pending a margin recovery in H2
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Pending a margin recovery in H2
- Published:
28 Jul 2017 -
Author:
Jean-Michel Salvador -
Pages:
3
The Q2 release confirms the stabilisation of revenues previously noted during Q4 16 and Q1 17. They were indeed down by 0.4% (pro forma for the acquisition of media assets) and a little bit disappointing compared to Q1 (+0.6%) due to a still significant decline in the fixed subscriber base (-2.8% yoy but only -0.25% qoq). The guidance for revenue stabilisation for the whole year 2017 has been logically reiterated. EBITDA was down by 4.6%, a slight improvement compared to the 5.1% decline reco