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.
HIGHLIGHTS
*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 ¤577.4 million, up 17% versus prior year;
*EBITDA(2) of ¤304.7 million, up 26% versus prior year, yielding an
EBITDA margin of 52.8%;
*Operating profit of ¤155.9 million, up 35% compared to the prior
year period;
*Capital expenditures(3) of ¤151.8 million, including ¤61.1 million
related to set-top box rental;
*Free Cash Flow(4) of ¤92.6 million, equivalent to 16% of revenue;
*Net profit of ¤47.7 million, compared to ¤49.0 million for the prior
year period;
*Net profit, excluding gains and losses on derivatives(1), of ¤61.8
million, compared to ¤7.9 million for the prior year period;
*Full year EBITDA growth outlook upgraded to >15% and revenue growth
to >14%;
*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.
This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.
