{
    "title": "First Half 2009 Results",
    "modified_at": "2009-07-31 19:45:00",
    "published_at": "2009-07-31 19:45:00",
    "url": "https://press.telenet.be/first-half-2009-results",
    "short_url": "http://prez.ly/6zy",
    "culture": "en",
    "language": "EN",
    "slug": "first-half-2009-results",
    "body": "<div align=\"justify\" class=\"hugin\"><b class=\"hugin\"></b>Telenet Group Holding NV (\"Telenet\" or the \"Company\") (Euronext Brussels: TNET) announces its unaudited consolidated results under International Financial Reporting Standards as adopted by the European Union (\"EU GAAP\") for the six months ended June 30, 2009. </div> <div align=\"justify\" class=\"hugin\"><b class=\"hugin\"></b> </div> <div align=\"justify\" class=\"hugin\"><b class=\"hugin\"></b> </div> <div align=\"justify\" class=\"hugin\"><b class=\"hugin\">HIGHLIGHTS</b></div> <div align=\"justify\" class=\"hugin\"> </div> <div align=\"justify\" class=\"hugin\">*Continued success of bundled offerings resulted in solid Q2 net additions for broadband (+30,000), fixed telephony (+29,000) and digital TV (+76,000);</div> <div align=\"justify\" class=\"hugin\">*Revenue of \u0080577.4 million, up 17% versus prior year;</div> <div align=\"justify\" class=\"hugin\">*EBITDA(2) of \u0080304.7 million, up 26% versus prior year, yielding an EBITDA margin of 52.8%; </div> <div align=\"justify\" class=\"hugin\">*Operating profit of \u0080155.9 million, up 35% compared to the prior year period;</div> <div align=\"justify\" class=\"hugin\">*Capital expenditures(3) of \u0080151.8 million, including \u008061.1 million related to set-top box rental;</div> <div align=\"justify\" class=\"hugin\">*Free Cash Flow(4) of \u008092.6 million, equivalent to 16% of revenue;</div> <div align=\"justify\" class=\"hugin\">*Net profit of \u008047.7 million, compared to \u008049.0 million for the prior year period;</div> <div align=\"justify\" class=\"hugin\">*Net profit, excluding gains and losses on derivatives(1), of \u008061.8 million, compared to \u00807.9 million for the prior year period;</div> <div align=\"justify\" class=\"hugin\">*Full year EBITDA growth outlook upgraded to &gt;15% and revenue growth to &gt;14%;</div> <div align=\"justify\" class=\"hugin\">*Net Senior Debt to EBITDA leverage down to 3.0x as of June 30, 2009 vs. 3.7x at December 31, 2008.</div> <div align=\"justify\" class=\"hugin\"> </div> <div align=\"justify\" class=\"hugin\">Please find enclosed the complete press release.</div> <div align=\"justify\" class=\"hugin\"> </div>",
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    "tags": [
        "English",
        "Investor Relations",
        "1",
        "ImportH"
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    "author": {
        "first_name": "Isabelle",
        "last_name": "Geeraerts"
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}