French telecom group Iliad reported a net profit down 25.9 percent to EUR 186.5 million in 2012, compared with EUR 251.8 million in 2011. The parent company of ISP Free and Free Mobile reported EBITDA up by 10.6 percent to EUR 921.4 million, as a strong performance from the landline business more than offset a negative contribution from mobile, still in a start-up phase. Landline EBITDA increased by 16.1 percent to EUR 967.5 million, while mobile recorded a EUR 46.1 million EBITDA loss. The group invested nearly EUR 950 million in 2012, or around 30 percent of revenues.
As previously reported, Iliad increased its revenues by 48.6 percent to EUR 3.15 billion in 2012, with the landline business raising sales 9.4 percent to EUR 2.3 billion and mobile operations generating EUR 843.9 million of revenues. The company had 5.36 million broadband customers and 5.21 million mobile customers at the end of last year. Iliad has maintained its dividend payment at EUR 0.37 per share for 2012.
The group’s objectives include growing landline revenues by over 5 percent in 2013 and achieving a 25 percent share of the landline broadband market in the long term. It will also pursue FTTH rollouts and co-financing agreements. In mobile it aims to intensify its site rollouts to reach a mandatory 75 percent population coverage by the end of 2014. It targets a 15 percent market share in the medium term and 25 percent in the long-term. The group is aiming for over EUR 4 billion of revenue by 2015.
