Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Euronext Amsterdam  >  Altice Europe N.V.    ATC   NL0011333752

ALTICE EUROPE N.V.

(ATC)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Altice Europe N : NV - Q3 2020 Consolidated Financial Statements

11/19/2020 | 12:57pm EST

Altice Europe N.V.

Condensed Interim Consolidated

Financial Statements

As of and for the three and nine-month periods ended

September 30, 2020

Table of Contents

Consolidated Statement of Income

1

Consolidated Statement of Comprehensive Income

1

Consolidated Statement of Financial Position

2

Consolidated Statement of Changes in Equity

3

Consolidated Statement of Cash Flows

4

Notes to the Condensed Interim Consolidated Financial Statements

6

1

About Altice Europe N.V.

6

2

Accounting policies

6

3

Significant events

8

4

Segment reporting

11

5

Goodwill

17

6

Associates and joint ventures

18

7

Financial assets

18

8

Other non-current assets

19

9

Shareholders' equity

19

10

Earnings per share

20

11

Borrowings, other financial liabilities and lease liabilities

21

12

Fair value of financial assets and liabilities

28

13

Other non-current liabilities

30

14

Taxation

30

15

Net finance costs

31

16

Contractual obligations and commercial commitments

31

17

Litigation

31

18

Going concern

34

19

Events after the reporting period

35

20

Restated information

36

Altice Europe N.V.

Condensed Interim Consolidated Financial Statements

Consolidated Statement of Income

Notes

Unaudited & not reviewed

Three months ended

Nine months ended

September 30,

September 30,

September 30,

September 30,

2020

2019

2020

2019

(€m)

(*restated)

Revenues

4

3,765.1

3,659.5

10,930.6

10,763.8

Purchasing and subcontracting costs

4

(1,019.4)

(950.4)

(2,903.1)

(2,828.4)

Other operating expenses

4

(638.8)

(722.8)

(1,976.7)

(2,043.3)

Staff costs and employee benefits

4

(391.2)

(376.8)

(1,103.7)

(1,131.6)

Depreciation, amortization and

(1,258.7)

(1,171.1)

(3,722.5)

(3,798.6)

impairment

4

Other (expenses) and income

4

(79.9)

(115.0)

(113.1)

1,654.2

Operating profit

4

377.1

323.4

1,111.5

2,616.1

Interest relative to gross financial debt

15

(401.4)

(486.5)

(1,275.1)

(1,530.4)

Realized and unrealized (losses)/gains

on derivative instruments linked to

15

(449.7)

247.1

(109.8)

679.2

financial debt

Other financial expenses

15

(58.5)

(236.5)

(201.5)

(801.0)

Finance income

15

235.6

24.9

55.5

35.0

Net result on extinguishment and

15

(15.1)

(78.4)

(215.4)

(206.2)

remeasurement of financial liabilities

Finance costs, net

15

(689.1)

(529.4)

(1,746.3)

(1,823.4)

Share of loss of associates and joint

6

(70.6)

(54.3)

(199.6)

(123.3)

ventures

(Loss)/profit before income tax

(382.6)

(260.3)

(834.4)

669.4

Income tax (expense)/benefit

14

24.5

0.5

(107.1)

59.2

(Loss)/profit for the period

(358.1)

(259.8)

(941.5)

728.6

Attributable to equity holders of the

(393.2)

(270.5)

(1,019.6)

691.1

parent

Attributable to non‑controlling interests

35.1

10.6

78.1

37.5

Earnings per share

(Loss)/earnings per share (basic)

10

(0.3)

(0.2)

(0.9)

0.6

(Loss)/earnings per share (diluted)

10

(0.3)

(0.2)

(0.9)

0.5

Consolidated Statement of Comprehensive Income

Unaudited & not reviewed

Three months ended

Nine months ended

September 30,

September 30,

September 30,

September 30,

2020

2019

2020

2019

(€m)

(*restated)

(Loss)/profit for the period

(358.1)

(259.8)

(941.5)

728.6

Other comprehensive (loss)/income

Items that may be reclassified subsequently to profit or

loss

Exchange differences on translating foreign operations

(8.9)

33.6

1.6

(12.5)

Cash flow hedges - effective portion of changes in fair value

(11.7)

28.0

26.9

32.9

Cash flow hedges - reclassified to profit or loss

16.0

54.2

192.6

203.3

Related taxes

(1.2)

(15.6)

(65.4)

(61.1)

Item that will not be reclassified subsequently to profit or

loss

Change of fair value of equity instruments at fair value

1.1

92.8

(71.9)

258.8

through OCI

Actuarial gain/(loss)

(26.9)

(28.0)

3.2

(87.8)

Related taxes

9.1

8.8

(0.7)

27.6

Total other comprehensive (loss)/income

(22.5)

173.8

86.3

361.2

Total comprehensive (loss)/income for the period

(380.6)

(86.0)

(855.2)

1,089.8

Attributable to equity holders of the parent

(415.3)

(98.3)

(932.3)

1,050.1

Attributable to non‑controlling interests

34.7

12.2

77.1

39.7

  1. Previously published information has been restated to take into account the impact from capital gain correction of SFR FTTH. Please refer to note 20 for the reconciliation to previously published results.

The accompanying notes on pages 6 to 37 form an integral part of these condensed interim consolidated financial statements.

1

Altice Europe N.V.

Condensed Interim Consolidated Financial Statements

Consolidated Statement of Financial Position

Notes

Unaudited & not reviewed

As of

As of

(€m)

September 30, 2020

December 31, 2019

Non‑current assets

Goodwill

5

14,498.5

14,655.5

Other intangible assets

6,517.9

7,458.4

Property, plant & equipment

9,891.3

9,974.6

Right-of-use assets

4,292.4

4,289.8

Contract costs

256.0

263.8

Investment in associates and joint ventures

6

1,388.1

1,567.4

Financial assets

7

711.9

1,626.7

Deferred tax assets

291.1

300.2

Other non-current assets

8

759.1

439.6

Total non‑current assets

38,606.3

40,576.0

Current assets

Inventories

553.6

479.4

Contract assets

228.0

254.1

Trade and other receivables

4,776.4

4,463.7

Current tax assets

216.3

99.8

Financial assets

7

133.8

47.8

Cash and cash equivalents

955.2

1,022.1

Restricted cash

36.3

119.5

6,899.6

6,486.4

Assets classified as held for sale

3.5

4.8

119.0

Total current assets

6,904.4

6,605.4

Total assets

45,510.7

47,181.4

Equity

Issued capital

9.1

59.5

59.5

Treasury shares

9.2

(0.4)

(0.4)

Additional paid in capital

5.7

5.7

Other reserves

9.3

(567.5)

(500.5)

Accumulated losses

(1,907.4)

(2,098.9)

Equity attributable to equity holders of the parent

(2,410.1)

(2,534.6)

Non‑controlling interests

3.4

278.6

213.7

Total equity

(2,131.5)

(2,320.9)

Non‑current liabilities

Long-term borrowings, financial liabilities and related hedging instruments

11

30,405.2

32,101.9

Other financial liabilities

11.7

1,130.5

476.2

Non-current lease liabilities

11

3,655.4

3,644.6

Provisions

1,418.5

1,441.8

Deferred tax liabilities

126.5

164.6

Non-current contract liabilities

558.9

588.4

Other non-current liabilities

13

52.7

233.0

Total non‑current liabilities

37,347.7

38,650.5

Current liabilities

Short-term borrowings, financial liabilities and related hedging instruments

11

73.8

432.7

Other financial liabilities

11.7

1,668.2

1,822.3

Current lease liabilities

11

789.7

758.4

Trade and other payables

6,442.7

6,486.6

Contract liabilities

637.5

614.3

Current tax liabilities

261.9

261.4

Provisions

220.8

227.9

Other current liabilities

13

196.7

247.9

10,291.3

10,851.5

Liabilities directly associated with assets classified as held for sale

3.5

3.2

0.3

Total current liabilities

10,294.5

10,851.8

Total liabilities

47,642.2

49,502.3

Total equity and liabilities

45,510.7

47,181.4

The accompanying notes on pages 6 to 37 form an integral part of these condensed interim consolidated financial statements.

2

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Altice Europe NV published this content on 19 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 November 2020 17:56:02 UTC


© Publicnow 2020
All news about ALTICE EUROPE N.V.
01/14ALTICE EUROPE N.V. INTENT TO WAIVE O : 30 am CET
PU
2020ALTICE EUROPE N : France Holding Pro forma Financial Informat
PU
2020ALTICE EUROPE N : France - Q3 2020 M
PU
2020Samsung works its way into European 5G race to fill Huawei gap
RE
2020ALTICE EUROPE N : Jumps 23% on Sweetened Takeover Offer from Next Private
MT
2020Upbeat business activity, vaccine hopes lift European shares
RE
2020Altice Europe founder raises offer to take company private
RE
2020ALTICE EUROPE N : founder raises offer to take the firm private
RE
2020ALTICE EUROPE N.V. ANNOUNCES CLOSING : 30 am CET
PU
2020ALTICE EUROPE N.V. ANNOUNCES THAT ME : 00 pm CET
PU
More news
Financials
Sales 2020 14 984 M 18 093 M 18 093 M
Net income 2020 -203 M -245 M -245 M
Net Debt 2020 31 405 M 37 921 M 37 921 M
P/E ratio 2020 -26,0x
Yield 2020 -
Capitalization 6 494 M 7 852 M 7 842 M
EV / Sales 2020 2,53x
EV / Sales 2021 2,41x
Nbr of Employees 45 409
Free-Float 46,0%
Chart ALTICE EUROPE N.V.
Duration : Period :
Altice Europe N.V. Technical Analysis Chart | ATC | NL0011333752 | MarketScreener
Technical analysis trends ALTICE EUROPE N.V.
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 14
Average target price 4,82 €
Last Close Price 5,34 €
Spread / Highest target 82,7%
Spread / Average Target -9,68%
Spread / Lowest Target -25,0%
EPS Revisions
Managers and Directors
NameTitle
Alain Phillippe Romain Weill Chief Executive Officer & Executive Director
Patrick Drahi President & Executive Director
Jurgen van Breukelen Chairman
Armando Pereira Chief Operating Officer
Malo Pascal Jean-Pierre Corbin Chief Financial Officer
Sector and Competitors
1st jan.Capitalization (M$)
ALTICE EUROPE N.V.0.15%7 852
VERIZON COMMUNICATIONS INC.-2.91%237 444
CHARTER COMMUNICATIONS, INC.-4.93%125 703
NIPPON TELEGRAPH AND TELEPHONE CORPORATION3.95%97 297
DEUTSCHE TELEKOM AG0.64%86 303
SAUDI TELECOM COMPANY3.77%58 586