Telenet NV : First Half 2013 Results Mechelen, July 30, 2013 - Telenet Group Holding NV ("Telenet" or the "Company") (Euronext Brussels: TNET) announces its unaudited consolidated results under International Financial Reporting Standards as adopted by the European Union ("EU IFRS") for the six months ended June 30, 2013. HIGHLIGHTS oRevenue of €813.6 million, up 12% yoy, driven by a growing contribution from our mobile operations and continued RGU growth in fixed services. Our top line growth showed a slight sequential acceleration in Q2 2013 to 12% yoy as selective price increases on certain fixed services started to contribute fully to revenue; oNet broadband internet subscriber additions in Q2 2013 up 17% yoy despite competitive environment and increased penetration in our footprint. Improved multiple-play lineup post "Whop" and "Whoppa" launch; oLower net intake of digital TV subscribers as last year's growth was boosted by our analog channel reshuffle program. Net loss of 8,700 basic cable TV subscribers in Q2 2013 reached lowest level since Q2 2008; oContinued solid net mobile postpaid subscriber additions of 49,900 in Q2 2013, resulting in 674,900 active subscribers at the end of June 2013 amidst a more competitive environment and our focus on more cost effective subscriber acquisitions. Our mobile ARPU jumped 15% yoy to nearly €32.0 in Q2 2013; oAdjusted EBITDA^(1) up 8% to €417.8 million. Adjusted EBITDA growth accelerated to 11% yoy in Q2 2013, primarily driven by more cost effective mobile subscriber acquisitions and overall control of overhead expenses; oAccrued capital expenditures^(2) of €177.8 million, representing 22% of revenue and benefiting from a €16.1 million reversal of import duties on set-top boxes. Excluding this reversal, accrued capital expenditures represented around 24% of revenue, impacted by extension of Premier League football broadcasting rights; oFree Cash Flow^(3) of €100.5 million, impacted by first semi-annual cash interest payment on the Senior Secured Fixed Rate Notes issued in August 2012 and a negative trend in our working capital in Q1 2013, which was partially reversed in Q2 2013. Sharp Free Cash Flow recovery in Q2 2013 to €110.5 million, up 80% yoy. Press release ------------------------------------------------------------------------------ This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Telenet NV via Thomson Reuters ONE HUG#1719835
Telenet NV : First Half 2013 Results
Press spacebar to pause and continue. Press esc to stop.