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Broadband

Ziggo to address churn as Q1 sales growth slows to 0.2%

Wednesday 17 April 2013 | 09:23 CET | News
Ziggo reported first quarter revenues up 0.2 percent from the year before to EUR 387.8 million, despite a 5.8 percent decline in telephony revenues. The consumer market contracted (-0.6%), while the business market continued to grow (+11.7%). CEO Bernard Dijkhuizen said churn remains high. Ziggo will therefore initiate new loyalty campaigns in Q2, with a strong focus on customer retention. Adjusted EBITDA lifted 3.0 percent to EUR 222.6 million, with the EBITDA margin up slightly to 57.4 percent, while the net profit increased to EUR 92.6 million, or EUR 0.46 per share, from a loss of 14.5

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Categories: Fixed
Companies: Ziggo
Countries: Netherlands
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