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Telenet NV (EBR:TNET) * Continued solid performance led to strong growth in operating profit * Upgraded full year outlook with EBITDA growth target of 10%-12% confirmed
The enclosed information constitutes regulated information as defined in the Royal Decree of 14 November 2007 regarding the duties of issuers of financial instruments which have been admitted for trading on a regulated market.
Mechelen, November 3, 2008 - Telenet Group Holding NV ("Telenet" or the "Company") (Euronext Brussels: TNET) announces its consolidated results under International Financial Reporting Standards as adopted by the European Union ("EU GAAP") for the first nine months ended September 30, 2008.
HIGHLIGHTS
* Continued stable growth in core growth product lines of broadband, fixed telephony and digital TV subscriber base, adding a net aggregate 259,000 subscribers during the first nine months of 2008 and 358,000 subscribers since September 30, 2007; * Revenue of €739.4 million, up 7% versus prior year; * EBITDA(1) of €369.8 million, up 10% versus prior year, yielding an EBITDA margin of 50.0%; * Operating profit of €178.4 million, up 12%; * Capital expenditures(2) of €151.5 million, representing 20% of revenue; * Free Cash Flow(3) of €118.8 million, equivalent to 16% of revenue; * Full year outlook confirmed, as increased in October following continued solid organic development and acquisition of Interkabel activities.
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