Altice Portugal 9M22 turnover rises 14.5%

  • ECO News
  • 10 November 2022

The company's turnover grew by 14.5% in the first nine months of the year, to €1,934.7 million.

Altice Portugal has published its latest quarterly financial data, showing “growth across all segments and business lines” and “discipline in controlling operating costs,” the company said.

The group that controls Meo saw earnings before interest, taxes, depreciation and amortisation (EBITDA) grow 7.6% between January and September, compared to the same nine months of 2021, to €687.9 million, it revealed in a statement. Turnover in this period rose by 14.5% to €1,934.7 million.

Looking at financial performance in the third quarter, Altice Portugal’s turnover grew by 15.4% to 680.5 million, an amount that relies on the positive contribution of Unisono, a company acquired in August 2021. Excluding this effect, revenues would still have grown by 13.2%.

Quarterly EBITDA, meanwhile, improved by 5.4% to 233.6 million. “EBITDA performance stems from continued growth in the fixed and mobile customer base, in both segments, portfolio diversification, technological innovation in the range of products and services offered and maintaining discipline in controlling operating costs,” justifies Altice.