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General

Telenet posts Q2 organic sales growth of 3%

Thursday 28 July 2016 | 10:32 CET | News
Telenet reported second-quarter revenues up 40 percent year-on-year to EUR 626 million, led by its takeover of mobile operator Base in February. Telenet said organic growth was around 3 percent. EBITDA rose 17 percent, much less than revenue, as the lower margins at Base weighed on results. The EBITDA margin fell to 45.0 percent from 53.7 percent a year ago. Higher depreciation and financing costs led to a net loss of EUR 11 million for the period, versus a profit of EUR 90 million a year ago. Telenet invested EUR 115 million in the quarter, including EUR 50 million in its fixed network

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Categories: General
Companies: Telenet
Countries: Belgium
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