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General

Telenet Q4: growth slows, but still strong

Tuesday 11 March 2014 | 12:13 CET | Author: Tim Poulus | Background
Telenet, the biggest cable operator in Belgium, recently reported results for 2013. In the fourth quarter, revenues rose 5.8 percent year-on-year to EUR 417 million. The cost of sales jumped 27 percent, leading to a drop in the gross margin to 57.9 percent from 64.8 a year ago. The decline was due in large part to the company's expansion in mobile, where it does not own a network and must rent capacity from Mobistar. SG&A costs increased 5.2 percent to EUR 73 million. Advertising, sales and marketing expenses declined, but personnel costs were higher due to restructuring. EBITDA, excluding

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Categories: General
Companies: Belgacom / Mobistar / Telenet
Countries: Belgium
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