Edition:
United Kingdom

Telenet Q3 Adjusted EBITDA Beats Reuters Poll


Wednesday, 31 Oct 2018 

Oct 31 (Reuters) - TELENET GROUP HOLDING NV ::NET ADDITIONS OF 10,300 SUBSCRIBERS IN Q3 2018 TO REACH 361,400 "WIGO" SUBSCRIBERS AT SEPTEMBER 30, 2018..9M 2018 REVENUE OF €1,892.5 MILLION (Q3 2018: €641.6 MILLION),.NET PROFIT OF €206.5 MILLION FOR 9M 2018 VERSUS €105.1 MILLION FOR 9M LAST YEAR..ADJUSTED EBITDA(2) OF €991.0 MILLION FOR 9M 2018, +9% YOY ON A REPORTED BASIS.FULL YEAR 2018 OUTLOOK PARTIALLY UPGRADED.SEES 2018 ADJUSTED EBITDA(A) GROWTH OF 8.0-8.5% FOR THE FULL YEAR (VERSUS 7-8% INITIALLY)..SEES 2018 ADJUSTED FREE CASH FLOW OUTLOOK NOW SEEN AT THE UPPER END OF THE €400.0-420.0 MILLION RANGE.AT SEPTEMBER 30, 2018, AROUND 17% OF OUR CABLE CUSTOMERS SUBSCRIBED TO ANY OF OUR "WIGO" BUNDLES VERSUS AROUND 12% A YEAR EARLIER - CEO.AT THE END OF SEPTEMBER 2018, APPROXIMATELY 88% OF THE NODES IN OUR HFC NETWORK HAD BEEN UPGRADED AND WE ARE FULLY ON TRACK TO COMPLETE THE €500 MILLION “GROTE NETWERF” PROGRAM BY MID-2019 - CEO.WE REMAIN CONFIDENT THAT NEXT YEAR’S CAPITAL EXPENDITURES FOR NETWORK GROWTH AND UPGRADES WILL DECREASE FROM THIS YEAR’S PEAK - CEO.Q3 NET INCOME EUR 97.6 MILLION VERSUS EUR 78.1 MILLION IN REUTERS POLL.Q3 REUTERS POLL: REVENUE EUR 645 MILLION; NET INCOME EUR 78.1 MILLION; ADJUSTED EBITDA EUR 342 MILLION.Q3 REVENUE EUR 641.6 MILLION VERSUS EUR 645 MILLION IN REUTERS POLL.Q3 ADJUSTED EBITDA EUR 345.5 MILLION VERSUS EUR 342 MILLION IN REUTERS POLL. 

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