{
    "title": "Press Release Telenet - Full Year 2013 Results",
    "modified_at": "2014-02-13 08:00:00",
    "published_at": "2014-02-13 08:00:00",
    "url": "https://press.telenet.be/press-release-telenet-full-year-2013-results",
    "short_url": "http://prez.ly/Dqy",
    "culture": "en",
    "language": "EN",
    "slug": "press-release-telenet-full-year-2013-results",
    "body": "<ul class=\"hugin\"> <li class=\"hugin\"><strong class=\"hugin\"> </strong><strong class=\"hugin\">Achieved FY 2013 outlook with 10% revenue growth and 8% increase in Adjusted EBITDA;</strong></li> <li class=\"hugin\"><strong class=\"hugin\">Strong operational momentum continued with highest net triple-play additions since 2009;</strong></li> <li class=\"hugin\"><strong class=\"hugin\">Anticipating 6-7% top line growth for 2014, Adjusted EBITDA growth of 5-6%, accrued capital expenditures representing 20-21% of revenue and Free Cash Flow between \u0080230-240 million.</strong></li> </ul> <p align=\"justify\" class=\"hugin\"><em class=\"hugin\"> </em></p> <p align=\"justify\" class=\"hugin\"><em class=\"hugin\">The enclosed information constitutes regulated information as defined in the Royal Decree of 14 November 2007 </em></p> <p align=\"justify\" class=\"hugin\"><em class=\"hugin\">regarding the duties of issuers of financial instruments which have been admitted for trading on a regulated market.</em></p> <p align=\"justify\" class=\"hugin\"><strong class=\"hugin\"> </strong></p> <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, 2013. </p> <p align=\"justify\" class=\"hugin\"><strong class=\"hugin\"> </strong></p> <p align=\"justify\" class=\"hugin\"><strong class=\"hugin\">HIGHLIGHTS</strong></p> <ul class=\"hugin\"> <li class=\"hugin\">Revenue of \u00801,641.3 million for FY 2013, up 10% yoy, driven by a growing contribution from our mobile business and strong triple-play growth. Q4 2013 revenue of \u0080417.4 million, up 6% yoy as the rate of mobile growth slowed as anticipated in comparison to prior quarters;</li> <li class=\"hugin\">Continued strong commercial traction for our triple-play bundles \"Whop\" and \"Whoppa\", resulting in robust net fixed telephony and triple-play subscriber additions of 35,900 and 35,600, respectively, in Q4 2013;</li> <li class=\"hugin\">Solid net mobile postpaid subscriber additions of 37,600 in Q4 2013, resulting in 750,500 RGUs at year-end 2013 amidst a more competitive environment and our focus on more cost-effective subscriber acquisitions;</li> <li class=\"hugin\">Adjusted EBITDA<sup class=\"hugin\" style=\"vertical-align: text-top; font-size: 0.8em;\">(1)</sup> of \u0080842.6 million for FY 2013, up 8% yoy. Despite larger share of lower-margin mobile revenue, our margin only showed a slight contraction to 51.3%. Q4 2013 Adjusted EBITDA of \u0080205.7 million, up 9% yoy, yielding a margin of 49.3% which was up 150 basis points compared to Q4 2012;</li> <li class=\"hugin\">Operating profit of \u0080389.2 million for FY 2013, impacted by \u008053.3 million impairment charge on the 3G mobile spectrum license and a \u008034.8 million restructuring charge for the discontinuation of DTT services;</li> <li class=\"hugin\">Accrued capital expenditures<sup class=\"hugin\" style=\"vertical-align: text-top; font-size: 0.8em;\">(2)</sup> totaled \u0080372.3 million for FY 2013, up 5% yoy, representing approximately 23% 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 22% of our revenue;</li> <li class=\"hugin\">The board of directors authorized a \u008050.0 million share buy-back program, effective today, and will evaluate other shareholder disbursements at a later stage this year.</li> </ul> <p align=\"justify\" class=\"hugin\">Cfr Press release </p>",
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    "author": {
        "first_name": "Isabelle",
        "last_name": "Geeraerts"
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