PARIS (Reuters) – The Iliad on Tuesday reported an increase in its results, thanks to the dynamics of its fiber activity in France and the commercial success of its mobile offer in Italy, despite a health crisis.
In France, the group recruited 262,000 fixed-line customers last year, despite the slowdown in recruits during the fourth quarter, to the success of its fiber offer (one million new customers).
In mobile phones, Iliad recruited 386,000 net subscribers in 2020, including 60,000 in the fourth quarter.
Thanks to this commercial dynamic, business in France grew 1.9% in 2020 to 5 billion euros. It increased 2% to 1.28 billion euros in the fourth quarter alone.
In Italy, where the telecom operator launched in 2018, turnover grew by 58% and the number of subscribers reached 7.24 million at the end of 2020.
Nevertheless the group is showing a loss of Ebitdal of EUR 133 million after Euro 253 million in 2019.
The Iliad made its debut last November with the acquisition of operator Play in Poland, making the group the sixth mobile operator in Europe.
Overall, Iliad’s business grew by 10.1% to 5.87 billion euros last year and by 20% to 1.67 billion euros in the fourth quarter.
Abittal grew 18.4% to $ 1.96 billion in 2020, a key indicator of the Group’s operating profit.
For 2021, the Iliad aims to generate positive Abitdal during the second half of the year in Italy and in France, Abitdal has been reinstated for investments of EUR 900 million (excluding B2B activities).
The Iliad also indicated that it would pay a dividend of up to 3.00 euros per share against the first 2.60 euros.
(Edited by Blandy Hennault, Patrick Wignall)