Tele Columbus meets expectations in Q4, forecasts stable results 2021

Friday 26 March 2021 | 08:58 CET | News
German cable operator Tele Columbus said that its financial results achieved in Q4 2020 met expectations. Its revenues declined by 1 percent year-on-year to EUR 121.5 million, while EBITDA grew by 4.4 percent over the same period to EUR 61.8 million. Capex remained substantially flat at EUR 54 million. The net result was a loss of EUR 153.0 million, primarily from a non-cash impairment of TV goodwill, which amounted to EUR 149.9 million. Adjusted for the impairment, the net loss was EUR 3.1 million, compared to a positive EUR 4.3 million in the fourth quarter of 2019.

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Categories: Fixed
Companies: Tele Columbus
Countries: Germany
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