Altice Portugal’s revenue grow by 0.5% in 2020

Altice Portugal closed 2020 with marginal rises in EBITDA and revenue, maintaining stable financial results in a year marked by the impact of the pandemic. The “increase in the customer base and services” and “strict control” of operating costs supported the company’s results.

As usual, the company that owns Meo does not disclose the business’ net results, as it is part of a larger group, Altice Europe, listed on the Amsterdam stock exchange. However, the company still shows the EBITDA rose 0.2% last year to €833.6 million, while revenue increased 0.5% to €2,121.2 million.

Altice Portugal’s performance was more significant in the last quarter, marked by the recovery of some revenue items. Between October and December, the company saw revenues grow by 2.7% year-on-year, to €558.3 million.

“In this recovery, the increase in equipment sales, mainly mobile phones, the return of premium sports content revenue and the slight increase in roaming revenue were key,” the company highlights in a statement.

Altice Portugal’s consumer segment grew by 0.4%, returning “to the path of sustained growth, following the recovery started in 2018.”

From an operational point of view, Meo, Altice Portugal’s brand for the consumer segment, saw the number of unique customers increase by 29,500 in 2020. The company also achieved 169.8 thousand net additions in 2020 in fixed services, while the post-paid mobile business reached 196.5 thousand additions in the year under review.