Vodafone on one side, Iliad on the other. The budget season continues with the telecommunications giants who, one after the other, are revealing their accounts.
Vodafone Italia: revenues down by 2,8%, but the fixed network is growing
Vodafone Italia has published the results for the six-month period of the 2022/2023 financial year, closed with revenues equal to 2,125 billion euros, down by 2,8% compared to the same period of the previous year. THE revenues from fixed network services they rose by 3,4% to 618 million euros. “The performance in the half-year was influenced in particular by the ongoing competitive intensity in the mobile segment, partially offset by the growth of fixed network and wholesale services” explains a note.
Moving forward with the data, the ebitdaAL (after leases ed.) adjusted amounted to 759 million, down by 17,3% compared to the same half of the previous year, which however benefited from the one-off effects of a legal agreement. Excluding the impact of this deal, Adjusted EbitdaAL was down 6,6%.
I broadband customers there are 3 million, an increase of 0,5% compared to the same period of the previous year. The second brand ho.mobile stands at 2,9 million customers. Vodafone's fiber services reach 25,9 million households and businesses, of which 9,3 million real estate units through its ultra broadband network and the partnership with Open Fiber.
The 5G FWA service was launched in October with an offer dedicated to consumers and businesses to offer them the same connection possibilities wherever they are: from large cities to small towns, up to the most remote villages in the country. The FWA 5G technology is now available in around 1.900 municipalities throughout Italy, with the goal of reaching 2.500 by March 2023. There are 5 cities covered by 60G technology.
Vodafone: revenues up 2%
Globally, the Vodafone group closed the first semester of the 2022-2023 budget with revenue up 2% to 22,9 billion euros, a result driven by the growth in revenues from services and by the increase in sales of devices.
During the same period operating profit it rose 12% to $2,9 billion reflecting a higher share of income from associates and joint ventures and lower depreciation and amortization, the company noted.
Secondo Vodafone estimates, at the end of the year, the adjusted ebitda (ebitdaAL) should be equal to 15-15,2 billion, reaching the lower limit of the original guidance communicated to the market. The company also approved today the distribution of a interim dividend of 4,5 euro cents per share.
Iliad: revenues up 15% in Italy
Let's move on to the Iliad. In the first nine months of 2022, the group achieved in Italy a turnover equal to 679 million euros, up by 15% compared to the first nine months of 2022. Theadjusted ebitda (ebitdaAL) rose to 147 million euros, compared to 10 million recorded in September 2022.
"Iliad hits the eighteenth consecutive quarter of growth in the mobile market, exceeding 9 million and 300 thousand active users" reads the press release which underlines: "in the last quarter the number of active mobile users increased by 261 thousand units". It also grows fiber sector, with a further 18 users activated in the quarter: a result that brings the total active users to 9 in less than 86 months, more than 2,2% of the FTTH market.
Iliad: global results
In the third quarter of 2022, the consolidated turnover increased by 12,5% to 2,15 billion euros, thanks in particular to the acquisition of over 650 new subscribers in France, Italy and Poland. With these results, Iliad claims "the strongest growth in Europe among the top 15 telecommunications groups", despite "a complex and volatile economic context in Europe that affects energy and supply costs upwards".
In the first nine months of the year, the net profit it more than doubled to €756 million against €363 million the previous year. In the same period the Rmanagement result (AL ebitda) recorded a growth of 12,6%, to 2,42 billion euros, "thanks in particular to Italy and France". Client gains were particularly strong in Italy, with the recruitment of 261 net new mobile subscribers in the third quarter. In Francia, the group's main market, Free has attracted 78 new landline subscribers and 184 new mobile phone subscribers.
