Iliad, the parent company of Free, continued to win new subscribers mobile at a steady pace in the second quarter, which allows it to display a 40% increase in operating profit over the entire first half and a market share in the mobile more than 10%. (To read the story, click here)
Its subsidiary, which launched in early 2012 mobile phone with two offers at bargain prices, reported earnings of 720,000 subscribers over the period of April-June, slightly above analysts’ expectations.
At the end of June, the total number of mobile customers reached 6,795,000, representing a market share of 10.3%. Overall, Free displays more than 12 million subscribers to fixed or mobile offers, up nearly 2 million in the first half of 2013.
Sales of mobile operations rose about it to 88% compared to the first half of 2012, exceeding the 600 million euros.turnover up 26.7%
Throughout the first half, the Group generated a turnover of EUR 1.829 billion, up 26.7% compared to the same period last year, boosted by the 88% jump in revenues in the mobile.
The EBITDA grew 40% to $ 586 million, with a margin increase of nearly 3 percentage points to 32%. “This increase reflects the improvement in the profitability of fixed activities and contribution 54 million mobile activities,” the statement said.
Before the publication of the results, the action of Iliad closed Friday up 1.09% to 181.50 euros, giving a market capitalization of 10.5 billion euros. Since the beginning of the year, the title shows a gain of nearly 40%.
(With Reuters)