Mechelen, July 31, 2009 - 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 GAAP") for the six
months ended June 30, 2009.
*Continued success of bundled offerings resulted in solid Q2 net
additions for broadband (+30,000), fixed telephony (+29,000) and
digital TV (+76,000);
*Revenue of Â¤577.4 million, up 17% versus prior year;
*EBITDA(2) of Â¤304.7 million, up 26% versus prior year, yielding an
EBITDA margin of 52.8%;
*Operating profit of Â¤155.9 million, up 35% compared to the prior
*Capital expenditures(3) of Â¤151.8 million, including Â¤61.1 million
related to set-top box rental;
*Free Cash Flow(4) of Â¤92.6 million, equivalent to 16% of revenue;
*Net profit of Â¤47.7 million, compared to Â¤49.0 million for the prior
*Net profit, excluding gains and losses on derivatives(1), of Â¤61.8
million, compared to Â¤7.9 million for the prior year period;
*Full year EBITDA growth outlook upgraded to >15% and revenue growth
*Net Senior Debt to EBITDA leverage down to 3.0x as of June 30, 2009
vs. 3.7x at December 31, 2008.
Please find enclosed the complete press release.
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