{
    "title": "First Nine Months 2013 Results",
    "modified_at": "2013-10-24 09:00:00",
    "published_at": "2013-10-24 09:00:00",
    "url": "https://press.telenet.be/first-nine-months-2013-results",
    "short_url": "http://prez.ly/Tqy",
    "culture": "en",
    "language": "EN",
    "slug": "first-nine-months-2013-results",
    "body": "<p align=\"justify\" class=\"hugin\"><strong class=\"hugin\"></strong>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 nine months ended September 30, 2013. </p> <p align=\"justify\" class=\"hugin\"><strong class=\"hugin\"> </strong></p> <p align=\"justify\" class=\"hugin\"><strong class=\"hugin\">HIGHLIGHTS</strong></p> <p align=\"justify\" class=\"hugin\"> </p> <ul class=\"hugin\" type=\"disc\"> <li class=\"hugin\"> <div class=\"hugin\">Revenue of \u00801,223.9 million for 9M 2013 and of \u0080410.3 million for Q3 2013, both up 12% yoy, driven by a growing contribution from our mobile operations and strong growth in triple play;</div> </li> <li class=\"hugin\"> <div class=\"hugin\">Sequentially higher net subscriber growth for our advanced fixed services in Q3 2013 following the successful overhaul of our bundles. Inflow of 32,300 net triple-play subscribers marked our best result since early 2009;</div> </li> <li class=\"hugin\"> <div class=\"hugin\">Continued improvement in the net organic loss rate of basic cable TV subscribers to 4,100 in Q3 2013, representing the lowest level since early 2007 despite increased competition, mainly from low-end offers;</div> </li> <li class=\"hugin\"> <div class=\"hugin\">Continued solid net mobile postpaid subscriber additions of 38,000 in Q3 2013, resulting in 712,900 active subscribers at the end of September 2013 amidst a more competitive environment and our focus on more cost-effective subscriber acquisitions. Our mobile ARPU jumped 15% yoy to \u008031.2 in 9M 2013; </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 \u0080636.9 million for 9M 2013 and of \u0080219.1 million for Q3 2013, both up 8% yoy, yielding a margin of 52.0% and 53.4%, respectively. Sequential margin uplift of 40 basis points in Q3 2013 despite growing share of revenue from mobile;</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> totaled \u0080263.2 million for 9M 2013, up 5% yoy, representing approximately 22% of our revenue. Excluding capitalized content costs and the reversal of import duties on settop boxes, our accrued capital expenditures were up 4% yoy and represented approximately 21% of our revenue;</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 \u0080102.4 million with Q3 being a seasonally softer quarter due to cash payments for Belgian football broadcasting rights and higher cash interest expenses as a result of our increased indebtedness.</div> </li> </ul>",
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    "author": {
        "first_name": "Isabelle",
        "last_name": "Geeraerts"
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