Telenet discloses full year 2013 outlook

• FY 2013 outlook announced on the back of strong operating momentum

- Today, Telenet Group Holding NV ("Telenet" or the "Company") (Euronext Brussels: TNET) discloses its outlook for the full year of 2013 considering that its own forecasts deviate from the current analyst consensus.

For the full year 2013, the Company targets revenue growth of "between 10-11%", driven by further growth in the number of multiple-play, digital TV, and broadband internet subscribers. In addition, the momentum in Telenet's mobile operations is expected to drive solid incremental growth.

The Company anticipates Adjusted EBITDA to grow "between 7-8%" for the full year 2013 reflecting a bigger share of mobile revenue which generates a lower margin compared to its fixed operations. The Company will continue to work on further improving efficiency levels and benefit from scale effects as a result of multiple-play growth.

Telenet forecasts accrued capital expenditures of "between 21-22% of revenue" for the full year 2013: these are predominantly success-based, driven by a high proportion of rental set-top boxes as a result of a further digitalization of Telenet's basic cable TV subscriber base and accrued capital expenditures for customer installations. On top, the Company will continue to invest in its network where appropriate in order to safeguard its competitive positioning and speed leadership.

Finally, the Company anticipates Free Cash Flow for the full year 2013 to remain "stable" as compared to 2012, embedding growth in Net Cash from Operating Activities as well as higher interest expenses following the increased debt level as of August 16, 2012.

Click on the link below to read the full press release