Telecomunicazioni
Altice Full Year 2013 Pro Forma Consolidated Results
ALTICE - FULL YEAR 2013 PRO FORMA CONSOLIDATED RESULTS
Strong financial performance driven by operational turnaround in International businesses
March 14, 2014: Altice SA (Euronext: ATC NA), today announces financial and operating results for the year ended December 31, 2013.
Strong financial performance
Continued strategic progress
Key operational progress
Dexter Goei, Chief Executive Office of Altice, said : "Today's set of results, our first to be published since Altice became a public company in January, show how we have made strong financial, operational and strategic progress through 2013. Integration of the companies we acquired last year is going well, margins there are improving, and our focus on synergies and efficiencies drove strong EBITDA and OpFCF growth.
Looking forward, Altice's balance sheet, liquidity and access to capital are strong following January's successful IPO. So, with our EBITDA and cashflow set to continue to grow, I am pleased to say we have all the flexibility we need to develop new business opportunities."
Contacts
Investor Relations
Richard Williams: +44 (0)7946 348939 / richard.williams@altice.net
Media (Havas)
Charles Fleming: +33 (0)614 450522 / charles.fleming@havasww.com
Conference call details
The company will host a conference call and webcast to discuss the results at 2pm CET, 1pm GMT, 8am EST today.
Webcast: www.altice.net
Conference call dial in: +44 (0)20 3427 1909 / +1 646 254 3360
Confirmation code: 5331625
These results reflect the pro forma results of the Altice S.A. group, including the planned acquisition of Orange Dominicana, but excluding Tricom and Mobius. Tricom had revenue of EUR159m and EBITDA of EUR51m in 2013. Mobius had revenue of EUR19m and EBITDA of EUR3m in 2013. See "Financial Presentation" note for further details .
International business is the Altice VII Group
Defined as EBITDA less Capital Expenditure
The Tricom acquisition was completed on March 12, 2014 and the acquisition of ODO is expected to be completed soon
Copyright GlobeNewswire
Attachment(s)
http://hugin.info/156399/R/1768769/601332.pdf
Regulatory News
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The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: %s via Globenewswire