Telenet announces First Half 2008 results
Telenet Group Holding NV ("Telenet" or the "Company") (Euronext Brussels: TNET) announces its consolidated results under International Financial Reporting Standards as adopted by the European Union ("EU GAAP") for the six months ended June 30, 2008.
HIGHLIGHTS
- Continued strong growth in broadband, fixed telephony and digital TV subscriber base, adding a net aggregate 181,000 subscribers during the first half of 2008;
- Revenue of 492.5 million, up 8% versus prior year;
- EBITDA of 242.4 million, up 11%, yielding an EBITDA margin of 49.2%;
- Operating profit of 115.7 million, up 12%;
- Capital expenditures of 98.3 million, representing 20% of revenue;
- Free Cash Flow of 87.6 million, equivalent to 18% of revenue and flat versus prior year;
- Full year EBITDA growth outlook increased to 8%-10% vs. prior year from 6%-8%;
- Final agreement with Interkabel achieved; financial consolidation of activities expected by October 2008.
Q2 Earnings release - ENG
PDF 386 KB
Download
