After a disappointing H1 (revenues were down by 4.1% yoy while EBITDA had decreased by 7.6% yoy), the Q3 release on 11 November was quite reassuring with revenues down by only 2.4% yoy (including the 0.4% impact of retail roaming EU tariffs) and an EBITDA up by 0.6% (pro forma, i.e. including the recently-acquired media assets). Note Q3 revenue excluding media assets declined by 2.6% yoy (vs. -6.1% and -4.6% in Q1 and Q2). The global revenue trend for the whole year is still expected to be be
14 Nov 2016
Return to EBITDA growth
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Return to EBITDA growth
- Published:
14 Nov 2016 -
Author:
Jean-Michel Salvador -
Pages:
3
After a disappointing H1 (revenues were down by 4.1% yoy while EBITDA had decreased by 7.6% yoy), the Q3 release on 11 November was quite reassuring with revenues down by only 2.4% yoy (including the 0.4% impact of retail roaming EU tariffs) and an EBITDA up by 0.6% (pro forma, i.e. including the recently-acquired media assets). Note Q3 revenue excluding media assets declined by 2.6% yoy (vs. -6.1% and -4.6% in Q1 and Q2). The global revenue trend for the whole year is still expected to be be