{
    "title": "First Half 2015 Results",
    "modified_at": "2015-07-30 08:58:00",
    "published_at": "2015-07-30 08:58:00",
    "url": "https://press.telenet.be/first-half-2015-results",
    "short_url": "http://prez.ly/Wmy",
    "culture": "en",
    "language": "EN",
    "slug": "first-half-2015-results",
    "body": "<p 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 IFRS\") for the six months ended June 30, 2015.</p> <p align=\"justify\" class=\"hugin\"><b class=\"hugin\"> </b></p> <p align=\"justify\" class=\"hugin\"><b class=\"hugin\">HIGHLIGHTS</b></p> <p align=\"justify\" class=\"hugin\"> </p> <ul class=\"hugin\" type=\"disc\"> <li class=\"hugin\"> <div class=\"hugin\">Our continued focus on product quality, innovation and customer experience drove an 8% net increase in triple-play subscribers, while annualized churn across all products strongly improved on a sequential basis;</div> </li> <li class=\"hugin\"> <div class=\"hugin\">Reached 953,700 mobile postpaid subscribers<sup class=\"hugin\" style=\"vertical-align: text-top; font-size: 0.8em;\">(8)</sup> at June 30, 2015 with a solid inflow of 29,200 net mobile subscribers in Q2 2015 driven by attractive \"Family Deal\" proposition and handset subsidy offers;</div> </li> <li class=\"hugin\"> <div class=\"hugin\">Revenue of \u0080892.1 million in H1 2015 and \u0080448.7 million in Q2 2015, both up 6% yoy, driven by solid multiple-play growth, the benefit from selective price increases in January 2015 and double-digit growth in our mobile and B2B activities;</div> </li> <li class=\"hugin\"> <div class=\"hugin\">Adjusted EBITDA<sup class=\"hugin\" style=\"vertical-align: text-top; font-size: 0.8em;\">(1)</sup> of \u0080481.4 million in H1 2015, up 5% yoy, representing a margin of 54.0%. Adjusted EBITDA of \u0080246.4 million in Q2 2015, +11% yoy, which included a \u00807.6 million nonrecurring benefit from the resolution of a contingency associated with universal service obligations;</div> </li> <li class=\"hugin\"> <div class=\"hugin\">Accrued capital expenditures<sup class=\"hugin\" style=\"vertical-align: text-top; font-size: 0.8em;\">(2)</sup> of \u0080161.1 million, around 18% of revenue, impacted by the recognition of the Belgian football broadcasting rights for the 2015-2016 season. Excluding this impact, they were around 15% of revenue due to the timing of planned expenditures and lower set-top box expenditures;</div> </li> <li class=\"hugin\"> <div class=\"hugin\">Free Cash Flow<sup class=\"hugin\" style=\"vertical-align: text-top; font-size: 0.8em;\">(3)</sup> of \u0080145.1 million for H1 2015, down 4% yoy, as 3% growth in our net cash from operating activities, despite higher cash taxes, was more than offset by higher cash capital expenditures;</div> </li> <li class=\"hugin\"> <div class=\"hugin\">FY 2015 outlook upgraded: targeting improved top line and Adjusted EBITDA growth of 5-6% and 4-5%, respectively, with accrued capital expenditures around 20% of our revenue leading to Free Cash Flow of \u0080250.0-260.0 million.</div> </li> </ul>",
    "mainvisual": {
        "thumbnail": "https://cdn.uc.assets.prezly.com/4d539f55-e519-48d7-a792-7a89a11063ed/-/scale_crop/250x250/center/-/format/auto/",
        "large": "https://cdn.uc.assets.prezly.com/4d539f55-e519-48d7-a792-7a89a11063ed/-/preview/500x500/-/format/auto/",
        "original": "https://cdn.uc.assets.prezly.com/4d539f55-e519-48d7-a792-7a89a11063ed/"
    },
    "attachments": [
        {
            "description": "Press Release",
            "extension": "pdf",
            "url": "https://cdn.uc.assets.prezly.com/2a63753a-c54d-496f-928f-1e31b9652c13/-/inline/no/702494.pdf"
        }
    ],
    "tags": [
        "French",
        "1",
        "Regulatory",
        "English",
        "ImportH"
    ],
    "author": {
        "first_name": "Isabelle",
        "last_name": "Geeraerts"
    },
    "format_version": 1
}