Iliad reports higher core profit against tough telecom sector backdrop By Reuters

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<span>© Reuters. FILE PHOTO: A guest speaks on a mobile phone as she arrives for the French telecoms operator Iliad’s media conference in Milan, Italy, May 29, 2018. REUTERS/Stefano Rellandini/File Photo</span><br />
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<p>(Reuters) – French telecom provider Iliad reported a 4.1% rise in its half-year core profit on Wednesday, supported by gains across its markets and the expansion of its activities in Italy.</p>
<p>The unlisted company, whose brands include Free Mobile in France, posted earnings before interest, taxes, depreciation and amortization and after leases (EBITDAal) of 1.64 billion euros ($1.78 billion) for the first half of 2023, up from 1.58 billion a year prior.</p>
<p>“In a macro-economic context that is still full of uncertainties, caution is called for, but Iliad’s development model is proving its robustness,” Chief Executive Thomas Raynaud said in a statement.</p>
<p>Iliad’s half-year performance makes it an outlier among industry peers, after French rivals Orange and SFR, part of the Altice group, both recorded weaker earnings growth for the period.</p>
<p>($1 = 0.9204 euros) </p>
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