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500,000 mobile customers lost in one year but increased profitability

The telecom operator Numericable-SFR published its financial statement for the first quarter of 2015, in the context of the merger of the two companies decided in 2014. The volume of activity is down, with a turnover which fell by 4.6% compared to the same period last year to settle in 2.74 billion euros but at the same time, profitability increased with adjusted EBITDA which rose by 21% to 930 million euros.

Numericable-SFR Net profit amounted to 132 million euros, excluding exceptional events. Numericable-SFR claims in particular the increase in its fixed ARPU (average price paid by the user) which increased by 0.9% over one year to ? 34.3.

The operator counts 6.52 million fixed subscribers, distributed among 1.595 million very high speed subscribers (+ 6.7%) and 54.925 million ADSL subscribers (-4%). He expects to continue the decline in the number of ADSL subscribers but hopes to re-adapt some of them on very high speed offers.

Numericable SFR balance sheet Q1

On the mobile side, Numericable-SFR claims 22,494 million customers, down 2.5% compared to the same period in 2014. Not completely surprising in the context of the merger, this decline affects the subscriber base with mobile phone plan, this decline affects in particular the prepaid customer base, which drops by 19% while the number of mobile customers with a plan is 12.860 million, down slightly by 2.1%.

If the operator suffers the consequences of its reorganization, it nevertheless welcomes the stabilization of the mobile ARPU at ? 25.5, all the same a slight decrease compared to the previous quarter (? 25.9).