{
    "title": "Telenet upgrades FY 2012 outlook",
    "modified_at": "2012-09-20 10:16:22",
    "published_at": "2012-09-20 10:16:22",
    "url": "https://press.telenet.be/telenet-upgrades-fy-2012-outlook",
    "short_url": "http://prez.ly/Msy",
    "culture": "en",
    "language": "EN",
    "slug": "telenet-upgrades-fy-2012-outlook",
    "body": "<ul class=\"hugin\" type=\"disc\"><li class=\"hugin\"><div class=\"hugin\"><strong class=\"hugin\">FY 2012 outlook revised upwards on the back of robust H1 2012 results and strong operating momentum in Q3 2012.</strong></div></li></ul> <p class=\"hugin\"> <strong class=\"hugin\"> </strong><br class=\"hugin\" /><strong class=\"hugin\"></strong> - Today, Telenet Group Holding NV (\"Telenet\" or the \"Company\") (Euronext Brussels: TNET) announces an upward revision to its FY 2012 outlook. </p> <p align=\"justify\" class=\"hugin\">For the full year 2012, the Company now targets revenue growth of \"between 7-8%\" as compared to \"between 5-6%\" initially provided, driven by growth in the number of multiple-play, digital TV, Sporting Telenet and Fibernet subscribers and a growing contribution from Telenet's mobile telephony operations.</p> <p align=\"justify\" class=\"hugin\">The Company anticipates Adjusted EBITDA to grow at an equal rate to its top line, i.e. \"between 7-8%\" for the full year 2012 as compared to \"between 5-6%\" initially provided, mainly as a function of stabilization of margins, achieved through disciplined cost control and cost benefits resulting from scale effects and multiple-play growth. </p> <p align=\"justify\" class=\"hugin\">Telenet forecasts an increase in accrued capital expenditures to account for \"between 24-25% of revenue\" for the full year 2012 as compared to \"between 22-23%\" initially provided. Accrued capital expenditures remain predominantly success-based, driven by a higher proportion of rental set-top boxes as a result of a further digitalization of Telenet's basic cable TV subscriber base and higher accrued capital expenditures for customer installations.</p> <p align=\"justify\" class=\"hugin\">Finally, the Company anticipates Free Cash Flow for the full year 2012 to remain \"stable\" as compared to 2011.</p> <p align=\"justify\" class=\"hugin\">Telenet will release its detailed Q3 2012 earnings on Wednesday October 24, 2012 after market close at 5:45pm CET. The Company will host an Investor &amp; Analyst conference call and webcast on Thursday October 25, 2012 at 4:00pm CET.</p> <p align=\"justify\" class=\"hugin\">cfr Press Release</p>",
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    "author": {
        "first_name": "Isabelle",
        "last_name": "Geeraerts"
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