Iliad's half-year core profit rises 2% on Italy strength


FILE PHOTO: A guest speaks on a mobile phone as she arrives for the French telecoms operator Iliad's media conference in Milan, Italy, May 29, 2018. REUTERS/Stefano Rellandini/File Photo

Aug 27 (Reuters) - French ⁠telecom operator Iliad posted a 2.2% rise ⁠in its half-year core profit on Thursday, ‌buoyed by strong performance in Italy.

The company's earnings before interest, taxes, depreciation and amortization and after leases, or EBITDAaL, ​was €2 billion ($2.3 billion) in the ⁠first half of 2026.

Iliad ⁠reported consolidated revenue of €5.24 billion for the six-month ⁠period, ‌up 3% from a year ago. Revenue in France rose 1.5% to €3.32 billion, ⁠Italy posted a 10.2% jump to €665 million ​and Poland ‌grew 3.5% to €1.26 billion.

The numbers underscore how ⁠Iliad has ​evolved from a French price disruptor into a broader European telecoms group, with Italy and Poland ⁠contributing an increasing share of growth ​as its domestic market approaches saturation.

The group added 300,000 subscribers in the second quarter, resulting in ⁠a total customer base of 52.5 million at the end of June.

That growth was driven by mobile customers, while fixed-line subscribers were broadly stable. ​France ended the quarter with ⁠23.4 million subscribers, while Italy and Poland added ​about 100,000 customers each to ‌reach 13.3 million and ​15.8 million, respectively.

($1 = 0.8582 euros)

(Reporting by Leo Marchandon in Gdansk, editing by Milla Nissi-Prussak)

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