Here are the numbers of Iliad in Italy
All the numbers from the 2024 financial statements of Iliad Italia, a subsidiary of the French telecommunications group.
Seven years after its entry into Italy, Iliad's sprint continues in our country.
Iliad Italia, a subsidiary of the French telecommunications group, achieved a turnover of 1 billion and 145 million euros in 2024, an increase of 8%; Ebitdaal rose to 308 million, up 24.5% compared to 2023. Furthermore, underlines the company note, after less than six years Iliad recorded a positive free cash flow of 4 million euros.
And regarding the recent maneuvers in the Italian telecommunications sector, the number one of the French group Thomas Reynaud stated : "What we can say is that the consolidation from four to three players makes full sense for all players, for users, for sectors, for Italian companies; consolidation for Iliad is not a necessity, but an opportunity among others" specifying that "whatever the scenario, we are fully determined to remain an important player".
Last year Iliad had attempted to incorporate Vodafone Italia with an offer, which was then rejected by the Vodafone group which preferred that of Swisscom (although lower than that of Iliad). So the company remains cautiously on its guard. Especially in an effervescent moment like the current one with Vivendi, Tim's main shareholder, which has begun to reduce its stake from 23.75% to 18.37% in the capital of the company led by Pietro Labriola; a share that Vivendi no longer considers strategic. But Reynaud preferred not to comment on Iliad's interest in Tim, even though journalistic reports and analyst reports include Iliad Italia in Tim's future even after the entry of Poste .
All the details.
THE CONSOLIDATED FINANCIAL STATEMENTS
The Iliad group, which has its heart in France and two subsidiaries in Italy and Poland, closed 2024 with revenues of 10 billion and 24 million euros, with an increase of 8.5% compared to 2023. The Group's EBITDAaL amounted to 3 billion and 850 million euros, an increase of 11.8% compared to 2023. Double-digit growth also for the operating Free Cash Flow, which stands at 1 billion and 828 million euros, an increase of 28% compared to 2023. Profit for the period increased by 15.5% to 367 million euros. For 2025, the group has set itself the objective of generating 2 billion euros in operating free cash flows.
THE 2024 NUMBERS OF ILIAD ITALIA
As regards the performance in our country, Iliad archived the 2024 budget with revenues of 1 billion and 145 million euros, an increase of 8% compared to 2023 ; a gross operating margin net of amortization (ebitdaaL) which rose to 308 million, +24.5% compared to 2023. Last year the Operating Free Cash Flow reached 37 million, an increase compared to 4 million in 2023 and the Operating Free Cash Flow of the mobile activity exceeded 100 million euros.
ILIAD USERS CONTINUE TO GROW IN ITALY
Since its entry into the market to date, the operator has recorded continuous growth in net mobile and fixed users, reaching 11 million 985 thousand in 2024, with an increase of 1 million 48 thousand net users compared to 2023.
In the mobile segment, Iliad has 11 million and 636 thousand users and is confirmed as the leader in net user growth for the seventh consecutive year, with +906 thousand new users compared to 2023.
In 2024, the operator is confirmed as the leader in terms of growth rate in the fiber-to-the-home (FTTH) segment of the fixed market, reaching 349 thousand users, +142 thousand compared to 2023. This growth also allows Iliad to rank as the first operator for the absolute increase in fixed lines active in the Broadband market (FTTC + FTTH), indicates the note from the company led by Benedetto Levi in Italy (in the photo).
CONCERNING THE TRICOLOR SCENARIO…
“Now in Italy we hear a lot about consolidations, mergers between some players” in the telecommunications market. “All I can say is that whatever the scenario, we are fully determined to remain an important player in the telecommunications sector in Italy and we want to continue to grow in the Peninsula” said Thomas Reynaud, CEO of the Iliad group, during the conference on the group's results in 2024.
As for Italy, he added, "I say it every year, but we have extraordinary results with Benedetto Levi." "We are number one for seven years in a row in terms of market share gains" and all this "in a scenario in which competitors with their offers to win back (customers, ed.) are offering very low prices, well below ours. And what does this demonstrate? This demonstrates the strength of the Iliad Italia brand and the strength of our network". Additionally, “our mobile business is now profitable in Italy with an operating cash flow of just over €100 million and will rise strongly in 2025,” added Reynaud.
“The only thing I can say with certainty is that we are a player that will continue to shake things up or make them move in the Italian market,” added the CEO of the Iliad group.
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/economia/iliad-italia-3/ on Tue, 25 Mar 2025 13:18:25 +0000.