{
    "title": "Full Year 2011 Results",
    "modified_at": "2012-02-16 18:45:00",
    "published_at": "2012-02-16 18:45:00",
    "url": "https://press.telenet.be/full-year-2011-results",
    "short_url": "http://prez.ly/Tuy",
    "culture": "en",
    "language": "EN",
    "slug": "full-year-2011-results",
    "body": "<p class=\"hugin\" /><p align=\"justify\" class=\"hugin\">\u00b7 <b class=\"hugin\">Robust multiple-play growth, digital TV and mobile drove 6% top line growth in FY 2011; </b></p> <p align=\"justify\" class=\"hugin\">\u00b7 <b class=\"hugin\">64% of customers on multiple-play boosting ARPU per customer relationship by 9%;</b></p> <p align=\"justify\" class=\"hugin\">\u00b7 <b class=\"hugin\">Proposed shareholder pay-out of \u00804.25 per share plus additional \u008050m share buy-back.</b></p><p 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 GAAP\") for the full year ended December 31, 2011. </p> <p class=\"hugin\"><b class=\"hugin\"> HIGHLIGHTS</b></p> <p class=\"hugin\"> n Revenue of \u00801,376.3 million, +6% yoy, driven by robust multiple-play growth, Sporting Telenet and mobile; </p> <p class=\"hugin\"> n ARPU per customer relationship<sup class=\"hugin\" style=\"vertical-align: text-top; font-size: 0.8em;\">(4)(5)</sup> growth accelerated to 10% in Q4 2011 yoy thanks to more multiple-play, digital TV and Sporting Telenet subscribers and selective price increases on basic cable TV and broadband; </p> <p class=\"hugin\"> n Adjusted EBITDA<sup class=\"hugin\" style=\"vertical-align: text-top; font-size: 0.8em;\">(1)</sup> of \u0080723.4 million, +8% yoy, margin expanded to 52.6% despite investments in mobile and the football-related production and marketing costs, driven by cost efficiencies and customer bundling;</p> <p class=\"hugin\"> n Net profit fell 81% to \u008016.8 million, negatively impacted by a higher loss on interest rate derivatives, higher amortization charges related to football and a \u008028.5 million impairment charge on DTT-related infrastructure; </p> <p class=\"hugin\"> n Accrued capital expenditures<sup class=\"hugin\" style=\"vertical-align: text-top; font-size: 0.8em;\">(2)</sup> increased to \u0080470.2 million, impacted by the acquisition of certain exclusive sports broadcasting rights and a mobile spectrum license. Excluding these items, accrued capital expenditures amounted to approximately 23% of revenue driven by RGU growth and the Pulsar node splitting project;</p> <p class=\"hugin\"> n Free Cash Flow<sup class=\"hugin\" style=\"vertical-align: text-top; font-size: 0.8em;\">(3)</sup> of \u0080246.3 million, down 4% yoy, reflecting higher cash interest payments and the cash prepayment of part of the acquired exclusive Belgian football broadcasting rights;</p> <p class=\"hugin\"> n The board of directors proposes a shareholder return for 2012 of approximately \u0080533.0 million, consisting of a \u00803.25 per share capital reduction, a \u00801.00 per share dividend and a \u008050 million share buy-back program;</p> <p class=\"hugin\"> n FY 2012 outlook of 5-6% top line and Adjusted EBITDA growth, accrued capital expenditures of 22-23% of revenue and stable Free Cash Flow generation.</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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    "author": {
        "first_name": "Isabelle",
        "last_name": "Geeraerts"
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