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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.
“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.
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.
($1 = 0.9204 euros)
