Altice: Q1 results: in line with expectations, thanks to diversification!
BUY, Fair Value EUR16,3 (+26%)
This morning Altice published Q1 2016 results for Altice and NC-SFR. Revenues were down 2.7% but slightly above expectations. EBITDA rose by 0.9%, also slightly above consensus. The benefits of diversification are clear: a strong performance in the US and in Portugal offset disappointing results in France. Guidance is confirmed.
For more information, please contact firstname.lastname@example.org