{
    "title": "Full Year 2012 Results",
    "modified_at": "2013-02-11 18:45:00",
    "published_at": "2013-02-11 18:45:00",
    "url": "https://press.telenet.be/full-year-2012-results",
    "short_url": "http://prez.ly/Try",
    "culture": "en",
    "language": "EN",
    "slug": "full-year-2012-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 year ended December 31, 2012. </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\" style=\"\">Revenue of \u00801,488.8 million, up 8% yoy, driven by continued RGU growth in fixed and a growing contribution from our mobile business. Revenue of \u0080394.5 million in Q4 2012 (+9% yoy) was positively impacted by a nonrecurring \u00804.7 million revenue adjustment following the implementation of billing system improvements;</div></li><li class=\"hugin\"><div class=\"hugin\" style=\"\">Record 180,700 net mobile postpaid subscribers added in Q4 2012 thanks to a continued strong uptake of our \"King\" and \"Kong\" rate plans. Our mobile subscriber base more than doubled over the past twelve months to 521,600 active mobile subscribers at the end of 2012;</div></li><li class=\"hugin\"><div class=\"hugin\" style=\"\">Continued traction for our premium fixed products and bundles in Q4 2012 with 24,500 net new subscribers for broadband internet, 19,900 for fixed telephony and 36,900 for digital TV;</div></li><li class=\"hugin\"><div class=\"hugin\" style=\"\">Net loss of 11,300 basic cable TV subscribers in Q4 2012 represented lowest net loss rate in three years' time; </div></li><li class=\"hugin\"><div class=\"hugin\" style=\"\">Adjusted EBITDA<sup class=\"hugin\" style=\"vertical-align: text-top; font-size: 0.8em;\">(1)</sup> up 8% yoy to \u0080777.8 million, margin of 52.2%. Adjusted EBITDA of \u0080188.6 million in Q4 2012 (+3% yoy), impacted by significantly higher handset subsidy costs as a result of very strong mobile sales. Our Adjusted EBITDA benefited from certain nonrecurring items in both the Q4 2012 and full year periods;</div></li><li class=\"hugin\"><div class=\"hugin\" style=\"\">Accrued capital expenditures<sup class=\"hugin\" style=\"vertical-align: text-top; font-size: 0.8em;\">(2)</sup> of \u0080353.2 million, equivalent to 24% of revenue, driven by higher success-based capital expenditures in line with the growth of digital TV and higher customer installations;</div></li><li class=\"hugin\"><div class=\"hugin\" style=\"\">Stable Free Cash Flow<sup class=\"hugin\" style=\"vertical-align: text-top; font-size: 0.8em;\">(3)</sup> of \u0080240.5 million for the full year 2012 despite significantly higher cash interest expenses and higher capital expenditures including payments for the Belgian football broadcasting rights;</div></li><li class=\"hugin\"><div class=\"hugin\" style=\"\">The board of directors proposes a shareholder return for 2013 of \u0080950.0 million, consisting of a shareholder disbursement of approximately \u00807.90 per share<sup class=\"hugin\" style=\"vertical-align: text-top; font-size: 0.8em;\"><a class=\"hugin_footnote hugin\" href=\"#_ftn1\" style=\"vertical-align: text-top;\" target=\"_self\">[1]</a></sup>, supplemented by a share buy-back of up to \u008050.0 million.</div></li></ul> <div class=\"hugin\" style=\"\"> </div> <div class=\"hugin\" style=\"\">Click on the link below to read the full press release</div> <div class=\"hugin\" style=\"\"> <div class=\"hugin\" id=\"ftn1\" style=\"\"> <p class=\"hugin\"><a class=\"hugin_footnote hugin\" href=\"#_ftnref1\" style=\"vertical-align: text-top; font-size: 0.8em;\" target=\"_self\">[1]</a> Equivalent to \u0080900.0 million, based on the number of outstanding shares on February 11, 2013 (113,810,554).</p> </div> </div>",
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    "author": {
        "first_name": "Isabelle",
        "last_name": "Geeraerts"
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