Press release: First Nine Months 2009 Results Telenet
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 nine months ended September 30, 2009.
HIGHLIGHTS
-Continued robust Q3 2009 net additions: broadband +30,000 (+30% yoy), fixed telephony +21,000 (+37% yoy) and Telenet digital TV +64,000 (+60% yoy)
- Year-to-date net additions for all residential products already or close to exceeding full year 2008 levels;
-New marketing campaigns for mobile unveiled as part of conscious transition towards Full-MVNO;
- Revenue of 881.9 million, up 19% versus prior year;
- EBITDA(2) of 459.6 million, up 24% versus prior year, yielding an EBITDA margin of 52.1%;
- Capital expenditures(3) of 215.3 million, including 76.3 million related to set-top box rental;
- Free Cash Flow(4) of 148.1 million, equivalent to 17% of revenue, up 25% year-on-year;
- Net profit of 72.7 million, compared to 31.8 million for the prior year period;
- Full year 2009 outlook upgraded: revenue growth of around 16%, EBITDA growth of around 20%;
- Net Senior Debt to EBITDA leverage unchanged at 3.0x end September 2009 vs. 3.7x at December 31, 2008, notwithstanding 0.50 per share capital disbursement paid on September 1, 2009.
Enclosed you can find the complete press release.
Press release
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