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General

Telenet maintains FY outlook as Q3 revenue grows 5.9%

Thursday 29 October 2015 | 16:00 CET | News
Belgian cable operator Telenet reported third-quarter revenues up 5.9 percent year-on-year to EUR 485 million. Growth was strongest in mobile (+12%), followed by the business market (+11%), fixed telephony (+7%), broadband (+6%) and video (+1.3%). The cost of sales rose just 2.9 percent, leading to an increase in the gross margin to 46 percent. SG&A costs rose a faster 24 percent, limiting the EBITDA margin to 53 percent. Net profit halved compared to year ago to EUR 11 million. Telenet maintained its targets for 2015, for 5-6 percent growth in revenue, 4-5 percent higher EBITDA and free cash

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Categories: General
Companies: Base / Telenet
Countries: Belgium
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