Altice Europe: third-quarter revenue growth accelerates

(CercleFinance.com) - Altice Europe said that its third-quarter results showed an acceleration in revenue growth for its French, international and European units.


The telecoms group said revenue rose by 6.9% over the past quarter, compared to a 3.8% growth in the second quarter.

The holding company said that Altice France improved its revenue growth trend over the quarter, with revenue growth in all segments (residential, business services and media).

Third-quarter adjusted EBITDA rose by 8.8% year-on-year, up from +9.8% in the second quarter.

Altice also reiterated all of its full-year 2019 targets.

For the full year, the group expects operating free cash flow growth of around 15% year-on-year, excluding the Altice TV unit.

The stock was up 0.4% on Euronext Amsterdam after these numbers.

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