SFR revenue drops 5.8% to EUR 2.44 bln in Q1

News General France 15 MAY 2014
SFR revenue drops 5.8% to EUR 2.44 bln in Q1

French operator SFR had EUR 2.44 billion of revenue in the first quarter, down 5.8 percent on the first quarter of 2013, reports Vivendi, which classifies SFR as a discontinued operation since reaching an agreement to sell it to Numericable and Altice. SFR’s decrease slowed in the first quarter, compared to a 7.1 percent decline in the last quarter of 2013. Retail revenues decreased by 8.9 percent to EUR 1.61 billion. SFR’s EBITDA fell by 11 percent to EUR 625 million, a decrease softened by its transformation plan.

The operator’s total mobile customer base rose by 3.2 percent over a year to 21.29 million, including 18.02 million postpaid customers. In the first quarter alone, it decreased by 21,000. The mobile retail customer base stood at 14.39 million at the end of March, with postpaid mobile retail customers up by 2.9 percent in a year to 11.36 million. SFR had over 1.4 million 4G customers at the end of the quarter.

The broadband internet residential customer base grew by 43,000 in the first quarter, to reach 5.25 million. FTTH customers reached 221,000 and multi-pack customers grew by 528,000 in a year to 2.48 million at the end of March (47.3% of all broadband internet customers). B2B revenues decreased by 8 percent to EUR 427 million on the first quarter of 2013. Wholesale and other revenues grew by 12.2 percent to EUR 405 million, mainly thanks to growth in wholesale.

Categories:

General

Companies:

SFR,  Vivendi

Countries:

France

Tags:

Voice services, Data services, Network Access, Unified communications, Messaging, Sales figures, Financial figures, Wireline, Wireless, Internet Access, Wholesale, Consumer, Enterprise

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