[Iliad Press Release] Q1 2017 Revenues
18 Mai 2017 - 7:30AM
Paris, May 18,
2017
FIRST-QUARTER 2017
REVENUES
KEY
OPERATING PERFORMANCE INDICATORS AT MARCH 31, 2017
Subscriber numbers |
March 31, 2017 |
Dec. 31, 2016 |
Sept. 30, 2016 |
|
|
|
|
Total mobile
subscribers |
12,940k |
12,700k |
12,385k |
|
6,300k |
5,900k |
5,300k |
|
|
|
|
Total Broadband and
Ultra-Fast Broadband subscribers |
6,451k |
6,385k |
6,327k |
|
369k |
310k |
265k |
|
|
|
|
Total number of subscribers |
19,391k |
19,085k |
18,712k |
|
|
|
|
Other indicators |
March 31, 2017 |
Dec. 31, 2016 |
Sept. 30, 2016 |
|
|
|
|
Broadband and Ultra-Fast Broadband
ARPU (in €) |
34.5 |
34.7 |
33.5 |
Freebox Revolution ARPU* (in €) |
>38.0 |
>38.0 |
>38.0 |
|
|
|
|
Number of connectible FTTH sockets |
4.8m |
4.4m |
4.0m |
|
|
|
|
Average 4G data usage (in GB per month per
subscriber) |
6.0 GB |
4.9 GB |
4.4 GB |
|
|
|
|
* Excluding
promotions
CONSOLIDATED FIRST-QUARTER 2017 REVENUES
In a fiercely competitive
operating environment, the Group registered over 300,000 net adds
for its landline and mobile offerings in the first three months of
2017. Consolidated revenues for the period rose by almost 7% year
on year to €1,224 million. The faster pace of growth for Broadband
and Ultra-Fast Broadband continued, with revenues coming in 5%
higher at nearly €700 million, and Mobile revenues climbed more
than 9% to just under €530 million.
The table below shows the
breakdown of consolidated revenues by category for the first
quarter of 2017 and 2016 as well as the percentage change between
the two periods.
In € millions |
Q1 2017 |
Q1 2016 |
% change |
|
|
|
|
|
|
|
Landline |
697.8 |
664.6 |
+5.0% |
|
|
|
|
|
|
Mobile |
528.6 |
483.6 |
+9.3% |
|
|
|
|
|
|
Intra-group sales |
(2.5) |
(2.8) |
-10.7% |
|
|
|
|
|
|
Total consolidated revenues |
1,223.9 |
1,145.4 |
+6.9% |
|
Landline
Despite persistently fierce
competition, Broadband and Ultra-Fast Broadband revenues continued
to grow at a faster pace year on year, reaching €698 million in
first-quarter 2017 (up 5.0% compared with the 3.9% increase
recorded for the same period of 2016). The significant events of
the first quarter of 2017 for the Landline business were as
follows:
-
66,000 new Broadband and
Ultra-Fast Broadband subscribers, representing a net add market
share of 35%. Against a highly competitive backdrop characterized
by numerous promotional offers, the Group's net add market share
was once again higher than its overall market share. This
achievement was due to (i) the Group continuing to differentiate
its offerings, with its end-2016 launch of the new Freebox
Revolution with TV by CANAL Panorama offer, (ii) the enrichment of
its offerings thanks to new ethnic TV packages,
(iii) the strong image and reputation of the Free
brand and the quality of the Freebox, (iv)
best-in-class subscriber relations services, and (v) a promotional
offer launched during first-quarter 2017. At
March 31, 2017, the Group had a total of almost 6.5
million Broadband and Ultra-Fast Broadband subscribers, confirming
its position as France's leading alternative landline Broadband and
Ultra-Fast Broadband operator.
-
An acceleration of FTTH
connections. In line with its objectives the Group
significantly stepped up the pace of its FTTH connections, with
some 60,000 new fiber subscribers added during the quarter,
bringing the total number of FTTH subscribers to 369,000. In
parallel, the Group continued its FTTH rollouts, with 400,000 new
connectible sockets installed during the first three months of
2017.
-
Broadband and Ultra-Fast
Broadband ARPU at €34.5, representing an increase of
10 euro cents compared with the first quarter of 2016. ARPU
for the Freebox Revolution offering remained above €38[3].
Mobile business
Revenue for the Mobile business
saw another period of growth in first-quarter 2017, advancing more
than 9% to €529 million. This increase was driven by 240,000 net
adds, reflecting the success of the Group's Mobile commercial
offers. The significant events of the quarter for the Mobile
business were as follows:
-
A higher subscriber recruitment
level than in first-quarter 2016, with 240,000 net adds thanks
to the Group's strategy of continually enriching its offers and a
promotional offer launched during the period. In line with the
commitment it made in 2012, Free continues to offer a greater
number of services at no extra cost to subscribers. For example, it
is the first operator in France to offer roaming communication all
year round (unlimited calls, texts and MMS) from more than 35
countries, as well as 5GB/month of mobile Internet from all these
destinations, all for €15.99/month for Freebox subscribers (or
€19.99/month for non-Freebox subscribers). In the first three
months of 2017, Free had the highest number of net adds in France
for the 21st quarter in a
row. At March 31, 2017, the Group had 12.9 million mobile
subscribers, representing a market share of over 18%[4].
-
Commercial success of the
Group's 4G offering, with 6.3 million 4G subscribers,
representing an increase of around 400,000 over the quarter.
Following the same trend, 4G data usage increased by more than 20%
in the first three months of 2017, with average monthly data usage
per 4G subscriber reaching 6 GB. These achievements reflect the
quality of the 4G experience offered by the Free Mobile network, as
illustrated by the fact that Free obtained the best score for 4G
connections in France in the nPerf mobile connections performance
survey for the 8th consecutive
quarter.
-
According to an IFOP poll[5]
conducted in April 2017, three out of four French
people think that unlimited 4G will become essential. True to
its pioneering and innovative image, Free was the first operator in
France to include unlimited 4G in its €15.99 per month mobile plan
for Freebox subscribers on March 21, 2017.
-
As in 2016, over 80% of net
adds signed up to the Free Mobile Plan which includes unlimited
voice/SMS/MMS and unlimited 4G Internet (100 GB of 4G Internet
for non-Freebox subscribers), leading to an improved subscriber
mix.
-
Ongoing rapid deployment of 4G
frequencies, with some 1,500 sites newly equipped to use 1,800
MHz and around 100 new sites equipped for 700 MHz. This intense
deployment has enabled the Group to increase its 4G coverage rate
of the French population by four percentage points to over
80%.
-
A 9% rise in Mobile services
revenues in first-quarter 2017, representing a slower growth
figure than in first-quarter 2016 due to a decrease in the use of
text messages as mobile data usage rises.
Alternative operator: An operator that entered the
market subsequent to the incumbent State operator losing its
monopoly.
Broadband and Ultra-Fast Broadband ARPU (Average Revenue
Per Broadband and Ultra-Fast Broadband User): Includes
revenues from the flat-rate package and value-added services but
excludes one-time revenues (e.g., fees for migration from one offer
to another or subscription and cancellation fees), divided by the
total number of Broadband and Ultra-Fast Broadband subscribers
invoiced for the period.
Broadband and Ultra-Fast Broadband subscribers:
Subscribers who have signed up for the Group's ADSL, VDSL or FTTH
offerings.
Freebox Revolution ARPU (Average Revenue Per Freebox
Revolution Subscriber, excluding promotions): Includes
revenues from the flat-rate package and value-added services but
excludes one-time revenues (e.g., fees for migration from one offer
to another or subscription and cancellation fees), divided by the
total number of Freebox Revolution subscribers invoiced for the
period.
FTTH (fiber-to-the-home): Data delivery technology
that directly connects subscribers' homes to an optical node
(ON).
M2M: Machine to machine communications.
Mobile services revenues: Mobile revenues excluding
handset sales.
Net adds: Represents the difference between total
subscribers at the end of two different periods.
Total Broadband and Ultra-Fast Broadband
subscribers: Represents, at the end of a period, the total
number of subscribers, identified by their telephone lines, who
have signed up for Free's or Alice's Broadband or Ultra-Fast
Broadband service, excluding those recorded as having requested the
termination of their subscription.
Total mobile subscribers: Represents, at the end of
a period, the total number of subscribers, identified by their
telephone lines, who have subscribed to a Free mobile offering,
excluding those recorded as having requested the termination of
their subscription.
About
Iliad
Iliad is the
parent company of Free, the inventor of the Freebox, the first
multiservice box on ADSL. Free is behind numerous innovations in
the Broadband and Ultra-Fast Broadband access segment (VoIP, IPTV,
flat-rate calling plans to multiple destinations, etc.). Free
provides straightforward and innovative offerings at the best
prices. For example the Freebox Revolution, the 6th
generation of Freebox units, includes an NAS and a
Blu-RayTM drive, and
the Freebox mini 4K was the first Android TVTM and 4K
box on the French market. Free was the first operator to include
calls from landlines to mobile phones in its offerings and also
calls to French overseas departments (DOM). Since
January 2012, Free has brought mobile phone usage within
everyone's reach with straightforward, no-commitment offerings at
very attractive prices. The Free Mobile Plan includes roaming
communications all year round from more than 35 countries
(unlimited calls, texts and MMS as well as 5GB/month of 3G mobile
Internet from all these destinations). Free also includes unlimited
4G in its €15.99 plan for Freebox subscribers. As at March 31,
2017, Free had over 19 million subscribers (6.5 million
Broadband and Ultra-Fast Broadband subscribers and 12.9 million
mobile subscribers).
Exchange: Euronext
Paris |
Market place:
Eurolist A of Euronext Paris
(SRD) |
Ticker symbol:
ILD |
ISIN Code:
FR0004035913 |
FTSE classification:
974
Internet |
Member of
Euro Stoxx, SBF 120, CAC
Next 20, CAC Mid 100 |
[1] Mobile market in Metropolitan France excluding M2M
[2] Source: IFOP poll, April 2017
[3] Excluding promotions.
[4] Metropolitan France excluding M2M.
[5] IFOP poll methodology
-
Quantitative poll
conducted as part of an online IFOP omnibus survey
-
From April 26 to 28,
2017
-
Among 1,058 persons
aged 15 or over representative of the French population, including
841 persons (79%) equipped with their own Smartphone
press release
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Iliad via Globenewswire