Telenet revenues slide 3% in Q2, hit by effects from coronavirus pandemic

Thursday 30 July 2020 | 10:53 CET | News
Belgian operator Telenet reported a lower set of results for the second quarter, pulled down by the effects of the covid-19 pandemic. Revenues was down 3 percent year-on-year to EUR 619.2 million, the gross profit slipped 6 percent to EUR 286.5 million, the operating profit was off 14 percent to EUR 148.9 million, and the net profit declined 25 percent to EUR 31.7 million. The adjusted EBITDA went up 2 percent to USD 352.4 million, helped by lower costs and expenses. Net cash from operating activities declined 13 percent to EUR 289.2 million, with adjusted free cash flow went 3 percent lower

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Categories: General
Companies: Telenet
Countries: Belgium
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