Telenet announces First Quarter 2008 results
Continued solid sequential subscriber growth across all core product lines
Revenue up 9%; EBITDA up 12%, yielding an EBITDA margin of 48.0%
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 three months ended March 31, 2008:
HIGHLIGHTS
- Revenue of 247.1 million, up 9% versus prior year;
- EBITDA(1) of 118.6 million, up 12%, yielding an EBITDA margin of 48.0%;
- Operating profit of 57.2 million, up 14%;
- Net loss of 6.8 million, due to unfavorable impact from interest rate hedges and higher interest expenses;
- Capital expenditures(2) of 45.9 million, representing 19% of revenue;
- Free Cash Flow(3) of 35.6 million, equivalent to 14% of revenue;
- Solid organic deleveraging capacity: leverage ratio down to below 4.0x;
- Broadband, telephony and digital TV combined adding 103,000 subscribers during Q1 2008;
- Strong growth in paid video-on-demand transactions of 85%.
Q1 earnings release
PDF 391 KB
Download
