TELENET ANNOUNCES FULL YEAR 2005 RESULTS

Excellent start to iDTV and rapidly increasing triple play growth deliver
record sales and 26% increase in operating profit
Highlights:
  • Strong Q4 drove record sales and net additions of internet and telephony RGUs in 2005
  • 30% increase in number of triple play customers at the end of 2005 vs. end of 2004
  • Rapid start to iDTV - 83,500 set top boxes sold by end of 2005
  • Telenet Solutions enjoyed increased momentum in H2 2005, benefiting from a completed product portfolio, and now claims close to 1,000 activated Wi-Fi hotspots
  • Revenues reached €737.5 million in 2005, up €56.4 million on 2004, with revenue growth accelerating to 10.4% in Q4 2005
  • Operating profit increased 26% to €131.6 million
  • EBITDA increased to €337.9 million in 2005, up 9% on 2004, yielding an EBITDA margin for 2005 of 46% vs 45% in 2004(1)(2)
  • Net Loss, adjusted for one time debt redemption costs of €39.5 million was €37.2 million in 2005, compared to a net loss of €61.7 million in 2004.

    • PressRelease 2005FY UK

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    About Telenet group

    As a provider of entertainment and telecommunications services in Belgium and Luxembourg, Telenet group aims to offer its customers the best possible experience in the digital world. Through its Telenet, BASE and TADAAM brands, the company provides digital television, internet, and fixed and mobile telephony services to residential customers in Belgium. In the Grand Duchy of Luxembourg, Telenet group provides these services under the Eltrona brand. 

    Telenet Business serves the business market in Belgium and Luxembourg with connectivity, hosting and security solutions. With more than 3,000 employees, Telenet group has one clear goal: to make living and working easier and more enjoyable. 

    Telenet group is an integral part of Ziggo Group, which brings together Telenet group and VodafoneZiggo. Telenet group continues to operate under its own brands and remains responsible for its customers, employees, strategy and performance in its markets. Ziggo Group is 90% owned by Liberty Global and 10% owned by Vodafone Group. 

    More information about Telenet group and its products is available on the Telenet website. The Telenet group newsroom can be found on the press website. 

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