{
    "title": "First Half 2011 Results",
    "modified_at": "2011-07-28 19:23:59",
    "published_at": "2011-07-28 19:23:59",
    "url": "https://press.telenet.be/first-half-2011-results",
    "short_url": "http://prez.ly/kwy",
    "culture": "en",
    "language": "EN",
    "slug": "first-half-2011-results",
    "body": "<ul class=\"hugin\" type=\"disc\"><li class=\"hugin\"><div class=\"hugin\"><b class=\"hugin\">Robust triple-play growth and B2B drove 5% top line growth in H1 2011;</b><b class=\"hugin\"></b></div></li><li class=\"hugin\"><div class=\"hugin\"><b class=\"hugin\">Adjusted EBITDA up 7% yoy, underlying margin nearly reaching 53% in H1 2011;</b></div></li><li class=\"hugin\"><div class=\"hugin\"><b class=\"hugin\">Full year 2011 outlook adjusted to reflect football rights and spectrum acquisition.</b><b class=\"hugin\"></b></div></li></ul> <p class=\"hugin\" style=\"margin-top: 0cm; margin-right: 0cm; margin-bottom: 0pt; margin-left: 0cm\"><i class=\"hugin\"> </i></p> <p class=\"hugin\" style=\"margin-top: 0cm; margin-right: 0cm; margin-bottom: 0pt; margin-left: 0cm\"><i class=\"hugin\"> </i></p> <p class=\"hugin\" style=\"margin-top: 0cm; margin-right: 0cm; margin-bottom: 0pt; margin-left: 0cm\"><i class=\"hugin\">The enclosed information constitutes regulated information as defined in the Royal Decree of 14 November 2007 <br class=\"hugin\" />regarding the duties of issuers of financial instruments which have been admitted for trading on a regulated market.</i></p> <p align=\"justify\" class=\"hugin\" style=\"margin-top: 0cm; margin-right: 0cm; margin-bottom: 0pt; margin-left: 0cm\"><b class=\"hugin\"> </b></p> <p align=\"justify\" class=\"hugin\" style=\"margin-top: 0cm; margin-right: 0cm; margin-bottom: 0pt; 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, 2011. </p> <p align=\"justify\" class=\"hugin\" style=\"margin-top: 0cm; margin-right: 0cm; margin-bottom: 0pt; margin-left: 0cm\"><b class=\"hugin\"> </b></p> <p align=\"justify\" class=\"hugin\" style=\"margin-top: 0cm; margin-right: 0cm; margin-bottom: 0pt; margin-left: 0cm\"><b class=\"hugin\">HIGHLIGHTS</b></p> <p align=\"justify\" class=\"hugin\" style=\"margin-top: 0cm; margin-right: 0cm; margin-bottom: 0pt; margin-left: 0cm\"> </p> <p align=\"justify\" class=\"hugin\" style=\"margin-top: 0cm; margin-right: 0cm; margin-left: 31.5pt; text-indent: -13.5pt; margin-bottom:0pt;\">\u00b7 Revenue of \u0080669.9 million, up 5% yoy, driven by triple-play and business services growth notwithstanding the impact from the reporting change on certain premium voice and SMS content services; <br class=\"hugin\" />\u00b7 Adjusted EBITDA<sup class=\"hugin\">(1)</sup> up 7% yoy to \u0080354.1 million, underlying margin expanded by 130bps to 52.9% despite investments in growth and mobile, driven by cost efficiencies and customer bundling;<br class=\"hugin\" />\u00b7 Net profit of \u008058.5 million, up 168% yoy, including non-cash gain on our derivatives of \u008020.4 million;<br class=\"hugin\" />\u00b7 Accrued capital expenditures<sup class=\"hugin\">(2)</sup> up 18% yoy to \u0080127.1 million, reflecting higher success-based capital expenditures, including expenditures on broadband internet migrations to Fibernet, and network upgrades;<br class=\"hugin\" />\u00b7 Free Cash Flow<sup class=\"hugin\">(3)</sup> of \u0080139.7 million, representing 21% of revenue, with lower Free Cash Flow in Q2 2011 because of higher cash capital expenditures and certain semi-annual cash interest payments;<br class=\"hugin\" />\u00b7 Increased intake of triple-play subscribers, representing 34% of our overall customer base at June 30, 2011;<br class=\"hugin\" />\u00b7 Uptake of high-end products remained solid with Fibernet high-speed products representing a significant proportion of gross sales in Q2 2011;<br class=\"hugin\" />\u00b7 Full year 2011 outlook adjusted to reflect the acquisition of the exclusive broadcasting rights for the top fixtures of the Belgian football championship and the acquisition of valuable mobile spectrum.</p> <p align=\"justify\" class=\"hugin\" style=\"margin-top: 0cm; margin-right: 0cm; margin-bottom: 0pt; margin-left: 31.5pt; text-indent: -13.5pt\"> </p> <p align=\"justify\" class=\"hugin\" style=\"margin-top: 0cm; margin-right: 0cm; margin-bottom: 0pt; margin-left: 31.5pt; text-indent: -13.5pt\"> </p> <p align=\"justify\" class=\"hugin\" style=\"margin-top: 0cm; margin-right: 0cm; margin-bottom: 0pt; margin-left: 31.5pt; text-indent: -13.5pt\">Click on the link below to read the full press release</p>",
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        "English",
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    "author": {
        "first_name": "Isabelle",
        "last_name": "Geeraerts"
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