Telenet annual growth targets are too ambitious

Monday 12 May 2014 | 14:09 CET | Author: Tim Poulus | Market Commentary
Telenet maintained its full-year 2014 outlook despite reporting weak Q1 results. Revenues grew by 3 percent in the first quarter, and adjusted EBITDA was up 18 percent (or 12 percent if a one-time item is excluded). The Belgian operator reiterated its outlook for sales growth of 6-7 percent this year and adjusted EBITDA up 5-6 percent. 

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This article is an opinion of Telecompaper.

Categories: General
Companies: Telenet / Ziggo
Countries: Belgium
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