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 NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Altice Europe beats forecasts boosted by customer wins

11/19/2020 | 12:03pm EST

Nov 19 (Reuters) - Telecoms and cable group Altice Europe beat quarterly core profit forecasts on Thursday, as it added French mobile and residential fibre customers, offsetting lower media revenues.

The multinational group's adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) for the third quarter rose 5.1% from a year earlier to 1.48 billion euros ($1.75 billion), on revenues edging 3.2% up, both ahead of analyst estimates.

"We had a good third-quarter; robust performance with net gains in fixed and mobile in most of our geographies," Altice founder and main shareholder Patrick Drahi said in a call, stipulating that in France the group had slightly underperformed its competitors.

He forecast a negative fourth-quarter coronavirus impact, as travel restrictions hit roaming fees, lockdowns keep people from shops and advertising revenues fall amid a declining market.

The multinational group nevertheless confirmed its full-year targets, which include revenue and EBITDA growth.

Franco-Israeli billionaire Drahi has offered to take the firm private in a deal valuing the group at 4.9 billion euros, but a minority shareholder has called the offer too low and opportunistic.

Deutsche Bank analyst Robert Grindle said that the improved profitability would further convince investors that the problems Altice Europe had over the year were temporary.

"It will make them more aggrieved in their view that the offer is lower than they would wish for," he said.

Drahi did not comment on the proposed buyout ahead of the publication of the offer's details.

His offer comes after years of investor scrutiny over Altice Europe's high debt levels, which have weighed on its share price, although the company had recently chipped away at that burden and has gained traction with subscribers in France.

The Amsterdam-listed company said it had repaid 1.4 billion euros since April 2020, bringing its net debt to 28.9 billion euros at the end of the quarter.

Rivals such as France's Orange, Iliad and Bouygues Telecom also posted third-quarter growth despite lost roaming fees under resurging COVID-19 restrictions.

($1 = 0.8445 euros) (Reporting by Sarah Morland and Aida Pelaez-Fernandez in Gdansk; Editing by Edmund Blair and Tom Brown)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ALTICE EUROPE N.V. -0.04% 5.34 Real-time Quote.0.30%
ALTICE USA, INC. -1.14% 35.71 Delayed Quote.-5.70%
BOUYGUES 1.22% 33.14 Real-time Quote.-2.70%
DEUTSCHE BANK AG 2.29% 8.808 Delayed Quote.-3.81%
ILIAD S.A. -1.08% 155.35 Real-time Quote.-6.57%
ORANGE 1.51% 9.698 Real-time Quote.-1.85%
All news about ALTICE EUROPE N.V.
01/22OFFER FOR ALTICE EUROPE DECLARED UNC : 00 am CET
PU
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
More news
Financials
Sales 2020 14 984 M 18 168 M 18 168 M
Net income 2020 -252 M -305 M -305 M
Net Debt 2020 31 247 M 37 888 M 37 888 M
P/E ratio 2020 -20,1x
Yield 2020 -
Capitalization 6 497 M 7 878 M 7 877 M
EV / Sales 2020 2,52x
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
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 12
Average target price 4,95 €
Last Close Price 5,34 €
Spread / Highest target 82,4%
Spread / Average Target -7,41%
Spread / Lowest Target -25,1%
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.0.30%7 878
VERIZON COMMUNICATIONS INC.-2.18%241 747
CHARTER COMMUNICATIONS, INC.-1.42%130 353
NIPPON TELEGRAPH AND TELEPHONE CORPORATION3.57%96 966
DEUTSCHE TELEKOM AG-0.23%85 817
SAUDI TELECOM COMPANY5.28%59 453