{
    "title": "First Half 2010 Results",
    "modified_at": "2010-08-02 19:46:00",
    "published_at": "2010-08-02 19:46:00",
    "url": "https://press.telenet.be/first-half-2010-results",
    "short_url": "http://prez.ly/iyy",
    "culture": "en",
    "language": "EN",
    "slug": "first-half-2010-results",
    "body": "<ul class=\"hugin\"><li class=\"hugin\">Another strong period of net additions and growing customer ARPU; </li><li class=\"hugin\">Revenue up 11%; Free Cash Flow up 42% at 21% of revenue;</li><li class=\"hugin\">Confident in achieving our full year outlook.</li></ul><p class=\"hugin\" style=\"margin-top: 0cm; margin-right: 0cm; margin-bottom: 0cm; margin-left: 0cm\"> </p> <p class=\"hugin\" style=\"margin-top: 0cm; margin-right: 0cm; margin-bottom: 0cm; margin-left: 0cm\"><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, 2010. <br class=\"hugin\" /><br class=\"hugin\" /></p> <p class=\"hugin\" style=\"margin-top: 0cm; margin-right: 0cm; margin-bottom: 0cm; margin-left: 0cm\"> </p> <p class=\"hugin\" style=\"margin-top: 0cm; margin-right: 0cm; margin-bottom: 0cm; margin-left: 0cm\"><b class=\"hugin\">HIGHLIGHTS</b></p> <p class=\"hugin\" style=\"margin-top: 0cm; margin-right: 0cm; margin-bottom: 0cm; margin-left: 0cm\"> </p> <ul class=\"hugin\"><li class=\"hugin\">Strong net subscriber growth across all core residential segments in traditionally weakest quarter for growth and solid top line growth in business segment;</li><li class=\"hugin\">Slowdown in rate of total cable TV net losses alongside sustained low churn levels for broadband and fixed telephony;</li><li class=\"hugin\">Increased market share in both H1 2010 and Q2 2010 for all residential product lines;</li><li class=\"hugin\">55% of customer base on multiple play, of which 30% on triple play as of June 30, 2010;</li><li class=\"hugin\">Sustained 11% growth of ARPU per unique customer(5) to \u008038.0 in H1 2010 and \u008038.4 in Q2 2010;</li><li class=\"hugin\">Strong top line growth of 11% compared to prior year period to \u0080638.6 million, of which 9% organic;</li><li class=\"hugin\">Adjusted EBITDA(1) of \u0080329.6 million, up 8% compared to prior year (+9% organic), yielding a margin of 51.6% and of 53.2% when excluding BelCompany and C-CURE acquisitions;</li><li class=\"hugin\">Accrued capex-to-sales ratio(2) of 17%, but will increase in H2 2010 due to phasing of network upgrade programs, yet within boundaries of our full year outlook;</li><li class=\"hugin\">Boost in Free Cash Flow(3) of 42% compared to prior year period to \u0080131.4 million or 21% of revenue;</li><li class=\"hugin\">Net Senior Debt to EBITDA leverage ratio down to 2.6x as of June 30, 2010, or 3.0x on a pro-forma basis including today's payment of the \u00802.23 per share shareholder disbursement.</li></ul><p class=\"hugin\" style=\"margin-top: 0cm; margin-right: 0cm; margin-bottom: 0cm; margin-left: 0cm\"> </p> <p class=\"hugin\" style=\"margin-top: 0cm; margin-right: 0cm; margin-bottom: 0cm; margin-left: 0cm\">Enclosed you will find the the full version and the summary of the press release. <br class=\"hugin\" /></p>",
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    "tags": [
        "French",
        "Investor Relations",
        "2",
        "English",
        "ImportH"
    ],
    "author": {
        "first_name": "Isabelle",
        "last_name": "Geeraerts"
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}