{
    "title": "First Quarter 2015 Results",
    "modified_at": "2015-04-28 09:00:00",
    "published_at": "2015-04-28 09:00:00",
    "url": "https://press.telenet.be/first-quarter-2015-results",
    "short_url": "http://prez.ly/Wny",
    "culture": "en",
    "language": "EN",
    "slug": "first-quarter-2015-results",
    "body": "<ul class=\"hugin\"> <li class=\"hugin\"><b class=\"hugin\">Improved revenue growth of 6% yoy to \u0080443.4 million, driven by higher cable subscription revenue and double-digit top line growth in mobile telephony and B2B;</b></li> <li class=\"hugin\"><b class=\"hugin\">Adjusted EBITDA of \u0080235.0 million, yoy growth impacted by \u008012.5 million one-off benefit in Q1 2014;</b></li> <li class=\"hugin\"><b class=\"hugin\">Acquisition of BASE Company for \u00801.325 billion will provide stable long-term mobile access and secures our future as a leading integrated telecommunications provider.</b></li> </ul> <p class=\"hugin\"><i class=\"hugin\"><br class=\"hugin\" /></i></p> <div 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 three months ended March 31, 2015.</div> <div class=\"hugin\"><br class=\"hugin\" /></div> <p align=\"justify\" class=\"hugin\"><b class=\"hugin\">HIGHLIGHTS</b> </p> <ul class=\"hugin\"> <li class=\"hugin\">Continued focus on product quality, innovation and providing an amazing customer experience drove a 9% net increase in triple-play subscribers, representing around 48% of our customer base;</li> <li class=\"hugin\">Surpassed 900,000 mobile postpaid subscribers<sup class=\"hugin\" style=\"vertical-align: text-top; font-size: 0.8em;\">(8)</sup>, driven by a sequential improvement in net mobile postpaid subscriber acquisitions in Q1 2015 to 30,200 as a result of our attractive handset subsidy offers;</li> <li class=\"hugin\">Revenue of \u0080443.4 million, up 6% yoy, driven by solid multiple-play growth, the benefit from selective price increase on certain fixed services in January 2015 and double-digit growth in our mobile and B2B activities;</li> <li class=\"hugin\">Adjusted EBITDA<sup class=\"hugin\" style=\"vertical-align: text-top; font-size: 0.8em;\">(1)</sup> of \u0080235.0 million in Q1 2015, down 1% yoy, as Q1 2014 included a nonrecurring \u008012.5 million benefit from the settlement of certain operational contingencies. Excluding this nonrecurring impact, we achieved a solid underlying growth in our Adjusted EBITDA despite higher handset subsidy costs;</li> <li class=\"hugin\">Accrued capital expenditures<sup class=\"hugin\" style=\"vertical-align: text-top; font-size: 0.8em;\">(2)</sup> of \u008089.6 million, around 20% of revenue, impacted by the recognition of the Belgian football broadcasting rights for the 2015-2016 season. Excluding this impact, accrued capital expenditures were around 14% of revenue as a result of phasing and lower set-top box expenditures;</li> <li class=\"hugin\">Free Cash Flow<sup class=\"hugin\" style=\"vertical-align: text-top; font-size: 0.8em;\">(3)</sup> of \u008024.6 million for Q1 2015, down \u00803.0 million, or 11% yoy, as a result of substantially higher cash taxes, partly offset by working capital improvements and lower cash interest expenses;</li> <li class=\"hugin\">Full year outlook reaffirmed: revenue and Adjusted EBITDA growth of 4-5% and around 4% respectively, accrued capital expenditures of around 21% of revenue and Free Cash Flow of \u0080240.0-250.0 million.</li> </ul>",
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