After its stock suffered a hellish descent throughout 2018 and then a new sharp drop since the beginning of 2019, Iliad has released its 2018 results. As expected, the Q4 numbers are not very convincing about a return to growth. Q4 revenues were down by 0.5% yoy but, most importantly, they declined by 3.1% yoy in France excluding sales of terminals. Remember, they were flat in H1 18 and down by 2% yoy in Q3. So a slight acceleration in the decline, more noticeable on the mobile side (-1.2% yo
19 Mar 2019
Not very convincing about a return to growth
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Not very convincing about a return to growth
- Published:
19 Mar 2019 -
Author:
Jean-Michel Salvador -
Pages:
3
After its stock suffered a hellish descent throughout 2018 and then a new sharp drop since the beginning of 2019, Iliad has released its 2018 results. As expected, the Q4 numbers are not very convincing about a return to growth. Q4 revenues were down by 0.5% yoy but, most importantly, they declined by 3.1% yoy in France excluding sales of terminals. Remember, they were flat in H1 18 and down by 2% yoy in Q3. So a slight acceleration in the decline, more noticeable on the mobile side (-1.2% yo