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General

Telenet sales growth slows to 3% in Q1

Monday 28 April 2014 | 10:05 CET | News
Belgian cable operator Telenet reported first-quarter sales up 3 percent year-on-year to EUR 418.6 million. Growth slowed due to lower mobile handset sales, promotions for its VoD services and what the company called only a partially positive impact from price increases in February. Adjusted EBITDA was still up 18 percent to EUR 237.8 million, giving a margin of 57.1 percent. The result was helped by lower mobile phone subsidies and a one-time gain of EUR 12.5 million. Excluding this, EBITDA was up 12 percent annually. Net profit increased 1 percent to EUR 38.8 million. Capex was reduced 27

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Categories: General
Companies: Mobistar / Telenet
Countries: Belgium
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