{
    "title": "First Nine Months 2012 Results",
    "modified_at": "2012-10-18 19:45:00",
    "published_at": "2012-10-18 19:45:00",
    "url": "https://press.telenet.be/first-nine-months-2012-results",
    "short_url": "http://prez.ly/6sy",
    "culture": "en",
    "language": "EN",
    "slug": "first-nine-months-2012-results",
    "body": "<p align=\"justify\" class=\"hugin\"><strong class=\"hugin\">Record 65,500 net new mobile subscribers in Q3 driven by \"King\" and \"Kong\" rate plans;</strong></p> <p align=\"justify\" class=\"hugin\"><strong class=\"hugin\">Robust performance in fixed: Q3 triple-play net additions of 22,800 highest since Q4 2009;</strong></p> <p align=\"justify\" class=\"hugin\"><strong class=\"hugin\">Solid 8% top line growth and 9% Adjusted EBITDA growth achieved over first nine months.</strong></p> <p align=\"justify\" class=\"hugin\" /> <p class=\"hugin\"> \u00b7 Revenue of \u00801,094.3 million, up 8% yoy, driven by continued RGU growth, a growing contribution from our mobile business, higher handset sales and selective price increases. Revenue of \u0080367.3 million achieved in Q3 2012, up 6% yoy, in line with the anticipated lower growth rate for the second half of 2012;</p> <p class=\"hugin\"> \u00b7 Record 65,500 net new mobile postpaid subscribers achieved in Q3 2012 thanks to successful launch of \"King\" and \"Kong\" rate plans, resulting in 340,900 active mobile subscribers at Q3 2012 quarter-end;</p> <p class=\"hugin\"> \u00b7 Continued traction for our premium fixed products and bundles in Q3 2012 with 24,000 net new subscribers for broadband internet (+31% yoy), 28,600 for fixed telephony (+71% yoy) and 64,100 for digital TV (+48% yoy). The addition of 22,800 net new triple-play subscribers in Q3 2012 was our best result since Q4 2009;</p> <p class=\"hugin\"> \u00b7 Adjusted EBITDA<sup class=\"hugin\" style=\"vertical-align: text-top; font-size: 0.8em;\">(1)</sup> up 9% yoy to \u0080589.2 million, underlying margin of 53.8%. In Q3 2012, we generated \u0080202.2 million of Adjusted EBITDA, yielding a margin of 55.1%, which is the highest margin achieved to date;</p> <p class=\"hugin\"> \u00b7 Net profit sharply up yoy to \u008031.1 million despite higher loss on derivatives and amortization charges linked to Belgian football broadcasting rights as last year's result was impacted by \u008028.5 million impairment on DTT; </p> <p class=\"hugin\"> \u00b7 Accrued capital expenditures<sup class=\"hugin\" style=\"vertical-align: text-top; font-size: 0.8em;\">(2)</sup> of \u0080249.8 million, up 22% from \u0080204.0 million a year ago (excluding acquisition of Belgian football broadcasting rights and 3G mobile spectrum license), driven by higher success-based capital expenditures in line with the accelerated uptake of digital TV and higher customer installations; </p> <p class=\"hugin\"> \u00b7 Free Cash Flow<sup class=\"hugin\" style=\"vertical-align: text-top; font-size: 0.8em;\">(3)</sup> decreased 18% yoy to \u0080137.1 million reflecting higher cash interest expenses, the first full annual cash payment for the Belgian football broadcasting rights and a temporary unfavorable trend in our working capital which we anticipate to reverse in Q4 2012;</p> <p class=\"hugin\"> \u00b7 We are confident in our ability to deliver on our upgraded outlook, targeting 7-8% top line and Adjusted EBITDA growth, accrued capital expenditures between 24-25% of revenue and stable Free Cash Flow.</p> <p class=\"hugin\">Click on the link below to read the full press release. </p>",
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    "tags": [
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        "1",
        "English",
        "ImportH"
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    "author": {
        "first_name": "Isabelle",
        "last_name": "Geeraerts"
    },
    "format_version": 1
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