By Ruth Bender
PARIS--Numericable-SFR (NUM.FR) Thursday posted a net loss for
2014, as financing costs linked to the acquisition of SFR last year
weighed on France's second-largest telecom group.
Cable operator Numericable at the end of November last year
finalized its merger with the much larger mobile company SFR, which
Numericable's parent company Altice SA (ATC.AE) bought from Vivendi
SA (VIV.FR) in a $23 billion deal.
For the full year, which included barely a month as an
integrated company, Numericable-SFR posted a net loss of 175
million euros ($194.9 million), finance chief Thierry Lemaitre said
on a conference call; the company didn't publish a net profit
figure in its press release.
Numericable-SFR said earnings before interest taxes depreciation
and amortization, or Ebitda, fell 11% to EUR3.1 billion on a
pro-forma basis. This figures excludes certain non-recurring
charges such as acquisition and restructuring costs.
Sales fell 5% on a pro-forma basis to EUR11.44 billion, the
group said.
Write to Ruth Bender at ruth.bender@wsj.com
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