How are Iliad’s accounts (the stock exchange does not celebrate)
All the numbers of Iliad Italia in the semester 2020 and the performance of the stock on the Paris Stock Exchange
Iliad is still growing in Italy. The Tlc, which intends to debut in fixed telephony by 2021, has seen its users grow by 454,000 units in the second quarter of 2020. Turnover also grows, despite Covid having imposed the closure of all iliad Stores in the month of April.
Let's go step by step.
THE DEBUT IN THE FIXED NETWORK
Let's start from the future. Iliad intends to launch fixed telephony activities in Italy before the summer of 2021. The company is already working on its debut: in July it signed an agreement with Open Fiber .
The daughter company of the French Iliad of owner Xavie Niel will use the FTTH fiber optic network with which Open Fiber is cabling the country.
TURNOVER UP 76% IN THE FIRST HALF
Iliad's hope is to replicate what is happening on the mobile front also in the fixed network. The numbers that the company continues to record show constant growth: turnover grew in the first half of 2020 by 76% to 312 million euros. In the second quarter of 2020 alone, turnover amounted to 162 million euros, + 68% compared to the same period in 2019, despite the fact that in April the company closed all Iliad Stores due to Covid.
PROFIT AT 205 MILLION
Ebitda amounted to 876 million euros, up by + 9.4% compared to the first half of 2019. The company boasts a net profit of 205 million euros.
GROWTH OF USERS
Numbers, those of turnover, which are not surprising. In just two years from its debut in the mobile telephony market, in fact, the company has exceeded 6 million users, reaching a share of approximately 8% of the market, according to data communicated by the same company .
In the second quarter of 2020, users grew by 454,000.
INFRASTRUCTURAL GROWTH
The expansion of Iliad in Italy also involves investments in infrastructures. For the development of the mobile network (excluding frequencies), Iliad has invested 223 million euros.
At the end of June 2020, the company has approximately 5,800 installed radio sites and 3,980 activated sites, with a target of over 5,000 active sites by the end of 2020.
THE WORDS OF BENEDICT LEVI
“In the second quarter of the year we wanted to show concrete closeness to our users, suppliers and partners, and we have been rewarded with an important growth. We continue in this direction and now we look to the next launch in the fixed network market ”, said Benedetto Levi, CEO of iliad, commenting on the half-year results.
REFLECTIONS IN THE BAG
Iliad down on the Paris Stock Exchange, after the publication of the half-year results, with indications of an increase in investments that have raised market concerns about the impact on free cash flow. Around 13.30 – Radiocor underlined – the stock of the telephone operator founded by Xavier Niel drops 3.8% to 171.25 euros, while the Cac 40 index is up by 1.6%.
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/innovazione/come-vanno-i-conti-di-iliad-2/ on Thu, 03 Sep 2020 13:10:40 +0000.