33% increase in ADSL Free Cash Flow to 436 million. Successful integration of Alice with a positive contribution of 83 million to the Group s EBITDA

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "33% increase in ADSL Free Cash Flow to 436 million. Successful integration of Alice with a positive contribution of 83 million to the Group s EBITDA"

Transcription

1 2010 ANNUAL RESULTS Paris, 9 March 2011 Record revenues of 2 billion Group EBITDA in excess of 39% of revenues 78% growth in net profit to 313 million 2G and 3G roaming deal signed with Orange 33% increase in ADSL Free Cash Flow to 436 million Successful integration of Alice with a positive contribution of 83 million to the Group s EBITDA During the 2010 financial year, the Group continued to implement its profitable growth model, while at the same time continuing to integrate Alice and preparing plans that will drive growth in the future: (i) The 4 th mobile licence was granted in January 2010 and the 2G and 3G roaming contract was signed with Orange on 2 March 2011; (ii) The launch of the Freebox Révolution on 14 December 2010 once again enabled the Group to change the paradigm of the broadband market. KEY FINANCIAL ITEMS OF 2010 Group revenues grew by 4.3% between 31 December 2009 and 31 December 2010 to 2,038 million, exceeding 2 billion for the first time. This increase was due to a combination of dynamic growth under the Free brand and the dilutive impact of Alice over the period. The Group significantly improved its main profitability indicators during 2010, due to further economies of scale in its original group structure and the rapid financial recovery of Alice. (i) Original group structure: the Group managed to maintain strong growth while at the same time improving its profitability: - Revenue organic growth (+9%) between 31 December 2009 and 31 December 2010, - Record EBITDA to more than 40% of revenues and an increase of 1.1 percentage point between 31 December 2009 and 31 December 2010, thanks to the positive effect of the continued unbundling and a controlled increase in the main expense items. 1/7

2 (ii) Alice: 2010 was marked by the continued rapid financial recovery of Alice, due to: - the favourable effect during the year of steps taken in 2009, in particular on network, IT system and fixed costs. - the unbundling of Alice subscribers in areas covered by the Free network, thus maximising the gross margin generated by subscribers. These various measures enabled Alice to report a positive contribution to Group EBITDA of 83 million in 2010, compared to 24 million in the previous year. In 2010, Alice had an accretive impact on the Group s net profit and Free Cash Flow. Rapid debt reduction and sound financial position: This rapid improvement in the Group s profitability went hand-in-hand with a very strong cash flow generation achieved by the ADSL division. The Group thus generated 436 million in ADSL FCF during 2010 (compared to 328 million the previous year). Therefore, and in spite of a committed investment plan (with the acquisition of the mobile licence for more than 240 million), the Group continued to rapidly reduce its debt and posted a leverage ratio of 0.87x at 31 December 2010, compared to more than 2x 1 following the acquisition of Alice in August MAIN INDICATORS Dec. 2010, 31 Dec. 2009, 31 Total number of Broadband subscribers 4,534,000 4,456,000 - Free 3,969,000 3,778,000 - Alice 565, ,000 Unbundled subscribers as % of total 89.2% 85.4% 1 Based on the reported figures (EBITDA and net debt) as of June 30, 2008 and the amount of debt drawn to finance Alice s acquisition. 2/7

3 ( millions) Dec. 2010, 31 Dec. 2009, 31 % change Consolidated revenues 2, , % EBITDA % % revenues 39.2% 33.8% Profit from recurring operations % Consolidated net profit 313.1* % Dividend per share ADSL FCF % Leverage ratio 0.87x 1.01x - *Including non-recurring income of 39.9 million after tax GROUP OBJECTIVES Bolstered by its results, the Group intends to continue to implement its strategy of achieving profitable growth and has set itself the following objectives: (i) Operational objectives: - as part of the rollout of its FTTH network, the Group: plans to have approximately 100,000 FTTH subscribers by the end of 2011; and confirms its target of providing horizontal coverage to 4 million households by the end of as part of the mobile project, the Group plans: to cover 27% of the French population with its proprietary network by January 2012, to launch a commercial offering early in 2012; - a group-wide unbundled rate in excess of 90% in the medium term; - to achieve a broadband market share of 24%-25% in the long term. (ii) Financial objectives: - cumulative ADSL Free Cash Flow in excess of 1.1 billion between 2010 and 2012 (including Alice); - doubling in Group revenues by /7

4 CONSOLIDATED INCOME STATEMENT ( millions) Dec. 2010, 31 Dec. 2009, 31 % change Revenues 2, , % Cost of sales (899.5) (920.3) (2.3%) Gross profit 1, , % Personnel costs (104.4) (108.6) (3.9%) External charges (144.1) (154.0) (6.4%) Taxes and duties (37.3) (42.9) (13.1%) Provision charges (29.0) (29.3) (1.0%) Other operating income and expenses (25.9) (38.0) (31.8%) EBITDA % Employee benefits (8.1) (7.3) 11.0% Amortisation and depreciation (312.1) (294.7) 5.9% Profit from recurring operations % Other operating income and expenses 61.0 (26.5) - Operating profit % Net finance income (expense) (49.5) (49.0) 1.0% Income tax (176.3) (109.0) 61.7% Net profit (loss) from operations sold Consolidated net profit % 4/7

5 Revenues Group revenues increased by 4.3%, from 1,954 million during the year to 31 December 2009 to 2,038 million during the year to 31 December 2010, due to: organic growth under the Free brand (up 5% in 2010). The subscriber base thus grew by 191,000 over the period; the negative base effect of the Alice brand (down 16.7% in 2010), as a result of the termination of wholesale operations and an eroding subscriber base; the rise in value-added services. During the year to 31 December 2010, revenues from this type of services totalled 489 million, compared to 475 million for the year to 31 December 2009, which was an increase of more than 3% over the period. This change was due to: (i) the decline in the share of telephony (decline in fixed line termination rates of 23.5% over the period and inclusion of new countries in the basic package); (i) the continued growth in added value audiovisual services. In the 2010 financial year, more than 10 million VOD and SVOD subscriptions were thus registered, representing an annual increase of nearly 18%. The commercial success of Free s product offering and the synergies made possible by the integration of Alice enabled the Group to maintain its ARPU above 36 in the 4 th quarter 2010, at EBITDA Group EBITDA grew by 20.7% to 798 million for the year to 31 December 2010, compared to the year to 31 December The EBITDA to revenue ratio gained 5.4 percentage points to 39.2% for the year to 31 December 2010, compared to 33.8% in This marked improvement was the result of: the positive impact of the rise in the unbundled rate, thanks to the business dynamism of the Free brand and the opening of more than 700 new cluster nodes in 2010, enabling a 3.8 percentage point improvement in the unbundled rate. The Group unbundled rate thus reached 89.2% for the year to 31 December 2010, much higher than the initial target; the growth in value-added audiovisual services, as specified above; the absorption of the fixed cost base by increased revenues; the results of the synergies implemented on Alice (positive contribution by Alice of 83 million to Group EBITDA in 2010). 5/7

6 Operating profit Operating profit amounted to 539 million for the year to 31 December 2010, compared to 333 million for the year to 31 December The Group s operating profit thus posted growth of 61.9% between 31 December 2009 and 31 December 2010, as a result of: the improvement in EBITDA, as specified above; the recognition of a net non-recurring income of 61 million, comprising (i) non-recurring income totalling 125 million, (ii) the 40 million impairment of the Wimax licence and (iii) various nonrecurring provision charges; the end of the recognition of expenses relating to the restructuring of Alice. Capital expenditure Cash outflows relating to capital expenditure grew to 794 million during 2010, compared to 424 million in This development reflected the Group s committed investment policy in projects that will drive growth, comprising in particular: investments relating to the ADSL business (including network investment relating to the rise in unbundled and subscriber investment relating to modems and other connection charges) of 326 million in 2010, compared to 308 million in This moderate increase resulted from the production of Freebox Révolution for 50 million over the last quarter of 2010, in order to start deliveries from 3 January 2011; the increase in FTTH investments excluding leases (up 73% compared to 2009), to 194 million, due to the accelerated pace of horizontal rollout carried out by the Group; 262 million capital expenditure as part of the mobile project, including 243 million for the licence. Cash flow The Group s 2010 cash flow and cash position were primarily affected by the following movements: an increase of nearly 33% in Free Cash Flow from the ADSL business to 436 million; cash outflows of 262 million recorded as part of the rollout of the mobile business; Free Cash Flow breaking even at Group level; an extended term for the Group s sources of cash, with the refinancing of the 1,200 million credit facility (new syndicated credit facility of 1,400 million), and the setting up of a 150 million credit line with the European Investment Bank (EIB). 6/7

7 BALANCE SHEET At 31 December 2010, the Group had gross debt of 1,036 million and net debt of 691 million. Despite the acquisition of the mobile licence for over 240 million during the period, the Group remains one of the least indebted telecom operators in Europe with a leverage ratio of 0.87x at 31 December 2010, compared to 1.01x at 31 December GLOSSARY Unbundled subscribers: ADSL subscribers who have signed up for Free ADSL service on a Central Office unbundled by Free. Broadband ARPU (Average Revenue per User): includes revenues from the flat-rate package and the value-added services but excludes non-recurring revenues (e.g. migration from one offer to the other or connection and unsubscription fee) divided by the total number of Broadband subscribers invoiced for the period. EBITDA: or operating profit before non-current asset depreciation and amortisation and employee benefits (corresponding to non-cash personnel costs associated with employee stock options). Total Broadband Subscribers: at the end of a period consists of the total number of customers identified by their individual phone lines who have signed up for Free or Alice ADSL service, excluding those for whom an unsubscription notice has been registered. Recruitment: corresponds to the difference between the total number of Broadband subscribers at the end of two different periods. ADSL Free Cash Flow: represent EBITDA less investments made in connection with property, plant and equipment and intangible assets acquired for the Group s ADSL operations. FTTH: Fibre To The Home is a data delivery technology that directly connects subscribers homes to an optical node. Leverage ratio: corresponds to the ratio between net debt (short and long-term financial liabilities less cash and cash equivalents) and EBITDA. The Iliad Group is a major player in the French telecommunications and Internet access market via Free and Alice (4,534,000 Broadband subscribers as of 31 December 2010), One.Tel (fixed telephony providers), as well as Free Mobile. The Iliad Group is listed on Euronext Paris under the ticker ILD. Exchange: Euronext Paris Ticker: ILD Marketplace: Eurolist A of Euronext Paris (SRD) ISIN code: FR FTSE ranking: 974 Internet Member of Euro stoxx, SBF 120, Next 150, CAC mid 100 7/7

Mobile business: 15% market share just three years after launch

Mobile business: 15% market share just three years after launch 2014 RESULTS Paris, March 12, 2015 16 million subscribers (landline and mobile) Mobile business: 15% market share just three years after launch Revenues of 4.2 billion, topping the 4 billion mark for the

More information

A step-up in the pace of ultra-fast network rollouts: nearly 2.5 million connectible FTTH sockets and more than 5,600 4G sites

A step-up in the pace of ultra-fast network rollouts: nearly 2.5 million connectible FTTH sockets and more than 5,600 4G sites 2015 RESULTS Paris, March 10, 2016 Nearly 2 million new subscribers in 2015 Mobile business: 17% 1 market share just four years after launch A 7.4% increase in revenues from services A step-up in the pace

More information

First Quarter 2014 Results

First Quarter 2014 Results Press Release 13 May 2014 First Quarter 2014 Results Subscriber base grows by 4,3% and ARPU increases to 42.1 5.4 million fibre homes passed Revenues up 1% at 327.6 million Adjusted EBITDA* growth superior

More information

Financial results Q1 2015 Numericable-SFR returns to growth, EBITDA up by 21%

Financial results Q1 2015 Numericable-SFR returns to growth, EBITDA up by 21% Press release Saint-Denis, May 12 th 2015 Financial results Q1 2015 Numericable-SFR returns to growth, EBITDA up by 21% Clear market leader in Fiber with investment plan to accelerate the Fiber and 4G

More information

2005 Results Presentation. March, 2006

2005 Results Presentation. March, 2006 2005 Results Presentation March, 2006 2005 Key Performance Indicators As of December 31, 2005 ADSL Susbcribers 1,595,000 Unbundled Subscribers 1,120,000 Voice over IP users 1,304,000 Equipped TV Users

More information

Société anonyme. Share capital: 12,013,188.97 Registered office: 8, rue de la Ville l Evêque 75008 Paris. Registered in Paris under no.

Société anonyme. Share capital: 12,013,188.97 Registered office: 8, rue de la Ville l Evêque 75008 Paris. Registered in Paris under no. Société anonyme. Share capital: 12,013,188.97 Registered office: 8, rue de la Ville l Evêque 75008 Paris Registered in Paris under no. 342 376 332 MANAGEMENT REPORT YEAR ENDED DECEMBER 31, 1.1 KEY CONSOLIDATED

More information

Morgan Stanley Conference. November 20 th, 2008

Morgan Stanley Conference. November 20 th, 2008 Morgan Stanley Conference November 20 th, 2008 Disclaimer This document has been prepared by ILIAD S.A. (the «Company») and is being furnished to you personally solely for your information. This presentation

More information

H1 2011 Strategy & Results Presentation. September 1 st, 2011

H1 2011 Strategy & Results Presentation. September 1 st, 2011 H1 2011 Strategy & Results Presentation September 1 st, 2011 1 Disclaimer This document has been prepared by ILIAD S.A. (the "Company ) and is being furnished to you personally solely for your information.

More information

2015 Results and Prospects

2015 Results and Prospects PRESS RELEASE Paris, 23 March 2016 2015 Results and Prospects Revenues: 2,579.3 million, up 3.2% EBITDA: 342.0 million, an operating margin of 13.3% 2016 Objectives: revenues close to 3 billion and an

More information

Société anonyme. Share capital: 12,000,000 Registered office: 8, rue de la Ville l Evêque 75008 Paris

Société anonyme. Share capital: 12,000,000 Registered office: 8, rue de la Ville l Evêque 75008 Paris Société anonyme. Share capital: 12,000,000 Registered office: 8, rue de la Ville l Evêque 75008 Paris Registered in Paris. Registration no. 342 376 332 MANAGEMENT REPORT SIX MONTHS TO JUNE 30, 3007 1.1

More information

1H 2008 Results & Strategy Presentation. August 28 th, 2008

1H 2008 Results & Strategy Presentation. August 28 th, 2008 1H 2008 Results & Strategy Presentation August 28 th, 2008 Disclaimer This document has been prepared by ILIAD S.A. (the «Company») and is being furnished to you personally solely for your information.

More information

O2 Czech Republic January to September 2014 Financial Results

O2 Czech Republic January to September 2014 Financial Results Interim report O2 Czech Republic January to September 2014 Financial Results November 12, 2014 O2 Czech Republic a. s. announces its unaudited financial results for January to September 2014. These results

More information

Société anonyme. Share capital: 12,953,409 Registered office: 16, rue de la Ville l Evêque 75008 Paris, France Registered in Paris under no.

Société anonyme. Share capital: 12,953,409 Registered office: 16, rue de la Ville l Evêque 75008 Paris, France Registered in Paris under no. Société anonyme. Share capital: 12,953,409 Registered office: 16, rue de la Ville l Evêque 75008 Paris, France Registered in Paris under no. 342 376 332 1 Société anonyme. Share capital: 12,953,409 Registered

More information

Telefónica O2 Czech Republic 2010 First Half Financial Results

Telefónica O2 Czech Republic 2010 First Half Financial Results Telefónica O2 Czech Republic 2010 First Half Financial Results July 28, 2010 Telefónica O2 Czech Republic, a.s. announces its unaudited financial results for the first half of 2010. These results are consolidated

More information

EQUINIX, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - GAAP PRESENTATION (in thousands, except per share data) (unaudited)

EQUINIX, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - GAAP PRESENTATION (in thousands, except per share data) (unaudited) CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - GAAP PRESENTATION (in thousands, except per share data) Recurring revenues $ 314,727 $ 282,117 $ 216,517 $ 834,080 $ 610,384 Non-recurring revenues 15,620

More information

Consolidated Statement of Profit or Loss (in million Euro)

Consolidated Statement of Profit or Loss (in million Euro) Consolidated Statement of Profit or Loss (in million Euro) Q3 2013 Q3 2014 % change 9m 2013 9m 2014 % change Revenue 689 636-7.7% 2,126 1,909-10.2% Cost of sales (497) (440) -11.5% (1,520) (1,324) -12.9%

More information

2007 Results & Strategy Presentation. March 12 th, 2008

2007 Results & Strategy Presentation. March 12 th, 2008 2007 Results & Strategy Presentation March 12 th, 2008 Disclaimer This document has been prepared by ILIAD S.A. (the «Company») and is being furnished to you personally solely for your information. This

More information

2007/08 Annual Results

2007/08 Annual Results 2007/08 Annual Results Outstanding 2007/08 financial year Continuing growth in 2008/09, enhanced by the integration of Vin & Sprit Net sales: 6,589 million (+9% (1) ) Profit from recurring operations:

More information

FY 2011 Strategy & Results Presentation. March 8 th, 2012

FY 2011 Strategy & Results Presentation. March 8 th, 2012 FY 2011 Strategy & Results Presentation March 8 th, 2012 1 Disclaimer This document has been prepared by ILIAD S.A. (the "Company ) and is being furnished to you solely for your information and personal

More information

Significant reduction in net loss

Significant reduction in net loss press release 12 May 2015 Royal Imtech publishes first quarter 2015 results Significant reduction in net loss Order intake in Q1 at a satisfactorily level of 912 million Revenue 3% down excluding Germany

More information

Consolidated Statement of Profit or Loss (in million Euro)

Consolidated Statement of Profit or Loss (in million Euro) Consolidated Statement of Profit or Loss (in million Euro) Q3 2014 Q3 2015 % change 9m 2014 9m 2015 % change Revenue 636 661 3.9% 1,909 1,974 3.4% Cost of sales (440) (453) 3.0% (1,324) (1,340) 1.2% Gross

More information

SFR Investor Presentation

SFR Investor Presentation SFR Investor Presentation March, 2010 1 AGENDA 1 Integrated fixed/mobile operator with strong assets 2 Growth opportunities 3 2009 performance overview 2 AGENDA 1 Integrated fixed/mobile operator with

More information

For personal use only CREATE, SUPPLY AND SUPPORT

For personal use only CREATE, SUPPLY AND SUPPORT INTRODUCTION Inabox is well advanced in transitioning its business from a legacy telecommunications wholesaler to become a leading supplier of next generation IT, cloud and IP telephony services Process

More information

1H 2015 Strategy & Results Presentation. August 31, 2015

1H 2015 Strategy & Results Presentation. August 31, 2015 1H 2015 Strategy & Results Presentation August 31, 2015 1 Disclaimer This document has been prepared by Iliad S.A. (the "Company ) and is being furnished to you solely for your information and personal

More information

Net attributable income totaled 64.7million in first-half 2015 compared with 69.0 million in firsthalf

Net attributable income totaled 64.7million in first-half 2015 compared with 69.0 million in firsthalf HALF-YEAR RESULTS 2015 H1 2015: FURTHER STRONG GROWTH FOR COMMUNICATION AND SHIPPING SOLUTIONS Sales up 10.4%, or -1.1% organically 1 CSS activities: organic growth of 16.0% Current operating margin 2

More information

Consolidated Statement of Profit or Loss (in million Euro)

Consolidated Statement of Profit or Loss (in million Euro) Consolidated Statement of Profit or Loss (in million Euro) FY 2013 FY 2014 % change Q4 2013 Q4 2014 % change un Revenue 2,865 2,620-8.6% 739 711-3.8% Cost of sales (2,031) (1,813) -10.7% (511) (489) -4.3%

More information

Numericable Group Company presentation

Numericable Group Company presentation Numericable Group Company presentation July 2013 Numericable Group Q1 2014 Results Presentation 13 May 2014 Paris Disclaimer 2 This document was prepared by Numericable Group for the sole purpose of this

More information

Orange Polska reports strong commercial performance in mobile post-paid and satisfactory financial results in 2Q 2015 2Q 2015 highlights:

Orange Polska reports strong commercial performance in mobile post-paid and satisfactory financial results in 2Q 2015 2Q 2015 highlights: Current Report (38/) Orange Polska S.A., Warsaw, Poland July 27, Pursuant to art. 56, clause 1, item 1 of the Law of July 29, 2005 on public offering and the conditions for introducing financial instruments

More information

Consolidated Statement of Profit or Loss (in million Euro)

Consolidated Statement of Profit or Loss (in million Euro) Consolidated Statement of Profit or Loss (in million Euro) FY 2014 FY 2015 % change Q4 2014 Q4 2015 % change un Revenue 2,620 2,646 1.0% 711 672-5.5% Cost of sales (1,813) (1,804) -0.5% (489) (464) -5.1%

More information

Management Presentation Q2/2012 Results. 8 August 2012

Management Presentation Q2/2012 Results. 8 August 2012 Management Presentation Q2/2012 Results 8 August 2012 Cautionary statement This presentation contains forward-looking statements which involve risks and uncertainties. The actual performance, results and

More information

Press Release February 2016 www.vallourec.com

Press Release February 2016 www.vallourec.com Press Release February 2016 www.vallourec.com Full year 2015 results Full Year 2015 results strongly impacted by volumes fall Sharp volumes fall : -39.3% compared to 2014 Negative EBITDA at - 77 million

More information

Deutsche Telekom enjoys double-digit growth in 2015

Deutsche Telekom enjoys double-digit growth in 2015 MEDIA INFORMATION Bonn, February 25, 2016 Deutsche Telekom enjoys double-digit growth in 2015 Financial targets exceeded, dividend to rise to 0.55 euros per share Adjusted EBITDA up 13.3 percent to 19.9

More information

ACCOUNTING FOR NON-ACCOUNTANTS

ACCOUNTING FOR NON-ACCOUNTANTS Deutsch and Chikarovski's ACCOUNTING FOR NON-ACCOUNTANTS A Question and Answer Handbook Robert Deutsch and Kris Chikarovski THE FEDERATION PRESS 2012 Preface - x Who is this book for? x What is in this

More information

Consolidated Statement of Profit or Loss (in million Euro)

Consolidated Statement of Profit or Loss (in million Euro) Consolidated Statement of Profit or Loss (in million Euro) Q2 2012 Q2 2013 % H1 2012 H1 2013 % Restated * change Restated * change Revenue 779 732-6.0% 1,513 1,437-5.0% Cost of sales (553) (521) -5.8%

More information

PRESS RELEASE Paris, February 11, 2016

PRESS RELEASE Paris, February 11, 2016 PRESS RELEASE Paris, February 11, 2016 FULL-YEAR 2015 RESULTS 2015 PERFORMANCE IN LINE WITH GUIDANCE PROPOSED DIVIDEND OF 0.40 PER SHARE PAYABLE IN CASH 2015 PERFORMANCE IN LINE WITH TARGETS Sales of 13.5bn,

More information

A European leader in the distribution of specialty steels. Euronext Paris Compartment B

A European leader in the distribution of specialty steels. Euronext Paris Compartment B Interim report SEPTEMBER 30, 2016 A European leader in the distribution of specialty steels Euronext Paris Compartment B RESULTS PERIOD ENDED SEPTEMBER 30, 2016 PRESS RELEASE NOVEMBER 9, 2016 Third quarter

More information

net income 110 140-21.4% 407 505-19.4% organic cash flow 2 (guidance definition) 302 369-18.2% 833 851-2.1%

net income 110 140-21.4% 407 505-19.4% organic cash flow 2 (guidance definition) 302 369-18.2% 833 851-2.1% Current Report (53/) Orange Polska S.A., Warsaw, Poland October 21, Pursuant to art. 56, clause 1, item 1 of the Law of July 29, 2005 on public offering and the conditions for introducing financial instruments

More information

"Press Release" Revenue % 1,955.0 EBITDA % Current operating profit % 125.4

Press Release Revenue % 1,955.0 EBITDA % Current operating profit % 125.4 The savings plan Paris, February 28, 2013 "Press Release" 2012 full year Results Good resilience of earnings and Group debt reduction in a difficult economy Slight downturn in published revenues of 1.4%

More information

Consolidated balance sheet

Consolidated balance sheet Consolidated balance sheet Non current assets 31/12/2009 31/12/2008 (*) 01/01/2008 (*) Property, plant and equipment 1,352 1,350 1,144 Investment property 7 11 11 Fixed assets held under concessions 13,089

More information

eaccess Limited 9427 Mid-Year Results for Fiscal Year Ending 3/2006 4/2005 9/2005

eaccess Limited 9427 Mid-Year Results for Fiscal Year Ending 3/2006 4/2005 9/2005 eaccess Limited 9427 Mid-Year Results for Fiscal Year Ending 3/2006 4/2005 9/2005 November 8 th, 2005 2 I. FY2005 Mid-Year Financial Results Overview Page 3 II. FY2005 Mid-Year Financial Results Page 8

More information

2008 annual results. Presentation on 18 February 2009

2008 annual results. Presentation on 18 February 2009 2008 annual results Presentation on 18 February 2009 1 2008: Continued growth Sustained business activity Lettings up by 9% in a market down 14%, including the pre-letting of two buildings under construction

More information

Stable market positions in the quarter; debt reduction program in progress

Stable market positions in the quarter; debt reduction program in progress Press Release 15 May 2014 Only available in English Royal Imtech publishes first quarter 2014 results Stable market positions in the quarter; debt reduction program in progress Revenue in the first quarter

More information

Financial performance

Financial performance Press Release 15 May 2014 Royal Imtech publishes first quarter 2014 results Stable market positions in the quarter; debt reduction program in progress Revenue in the first quarter of 1,120 million euro

More information

GrandVision reports Revenue growth of 13.8% and EPS growth of 31.7%

GrandVision reports Revenue growth of 13.8% and EPS growth of 31.7% GrandVision reports Revenue of 13.8% and EPS of 31.7% Schiphol, the Netherlands 16 March 2015. GrandVision NV (EURONEXT: GVNV) publishes Full Year and Fourth Quarter 2015 results. 2015 Highlights Revenue

More information

FIRST QUARTER 2012 RESULTS PRESENTATION

FIRST QUARTER 2012 RESULTS PRESENTATION FIRST QUARTER 202 RESULTS PRESENTATION 5 May 202 This presentation contains projections and forecasts. They express objectives based on the current assessments and estimates of the Group s senior management

More information

Telio Holding ASA Fourth Quarter Eirik Lunde, CEO. Oslo, 12 February 2013

Telio Holding ASA Fourth Quarter Eirik Lunde, CEO. Oslo, 12 February 2013 Telio Holding ASA Fourth Quarter 20 Eirik Lunde, CEO Oslo, February 2013 Telio Group company facts TELIO European communications service provider Access independent broadband telephony Broadband Mobile

More information

Telio Holding AS Q4 05 presentation

Telio Holding AS Q4 05 presentation Telio Holding AS Q4 05 presentation Agenda Highlights Q4-05 figures Market development Listing of the company Outlook Q&A Telio highlights Strong revenue growth in Q4 Total revenues of NOK 58m and recurring

More information

Revenue increase of 21% in the first half of 2015

Revenue increase of 21% in the first half of 2015 Press release: 2015 First Half Results Igny, August 7, 2015 First half results of 2015 Consolidated Profit & Loss (in M) Revenue increase of 21% in the first half of 2015 From January 1, 2015 to June 30,

More information

Telenor Group Fourth Quarter 2015. Sigve Brekke, CEO

Telenor Group Fourth Quarter 2015. Sigve Brekke, CEO Telenor Group Fourth Quarter 2015 Sigve Brekke, CEO Disclaimer The following presentation is being made only to, and is only directed at, persons to whom such presentation may lawfully be communicated

More information

FINANCIAL REPORT H1 2014

FINANCIAL REPORT H1 2014 FINANCIAL REPORT H1 2014 HIGH SPEED BY PASSION 02_Key Figures 03_Group Status Report 05_Consolidated Financial Statements 10_Notes 11_Declaration of the Legal Representatives 02 PANKL KEY FIGURES EARNING

More information

Year-end Report January-December 2015

Year-end Report January-December 2015 Year-end Report January-December 20 Johan Dennelind, President & CEO Q4 20 high pace towards the new TeliaSonera Started to reduce presence in region Eurasia Continued business transformation Solid development

More information

THIRD QUARTER OF 2004

THIRD QUARTER OF 2004 THIRD QUARTER OF 2004 The third quarter of 2004 showed a growth in revenues excluding gains for the Telenor Group of 15.9% to NOK 15.6 billion compared to the third quarter of 2003. Profit before taxes

More information

Société anonyme. Share capital: 12,999,215 Registered office: 16, rue de la Ville l Evêque 75008 Paris, France Registered in Paris under no.

Société anonyme. Share capital: 12,999,215 Registered office: 16, rue de la Ville l Evêque 75008 Paris, France Registered in Paris under no. Société anonyme. Share capital: 12,999,215 Registered office: 16, rue de la Ville l Evêque 75008 Paris, France Registered in Paris under no. 342 376 332 1 Société anonyme. Share capital: 12,999,215 Registered

More information

FY 2014-2015 press release

FY 2014-2015 press release FY 2014-2015 press release (Results for the year ended 31 March 2015) Press release May 29, 2015 Huizingen, Belgium Under embargo until May 29, 2015 1,8 year-over-year turnover growth resulting from 9,6

More information

Consolidated sales of 6,347 million euros, up 10% on a like-for-like basis (7% as reported)

Consolidated sales of 6,347 million euros, up 10% on a like-for-like basis (7% as reported) 14.18 Order intake surged 25% to 9.1 billion euros Sales came in at 6.3 billion euros, up 10% like for like (7% as reported) Operating margin (1) up 15% to 442 million euros, or 7.0% of sales Net income

More information

2015 Quarterly Report II

2015 Quarterly Report II 2015 Quarterly Report II 2 Key data Eckert & Ziegler 01 06/2015 01 06/2014 Change Sales million 69.0 61.9 + 11 % Return on revenue before tax % 16 % 9 % + 87 % EBITDA million 15.6 9.7 + 61 % EBIT million

More information

SUBSTANTIAL IMPROVEMENT IN RESULTS IN H DOUBLING OF EBITDA IN 2015: TARGET OF AROUND 10 MILLION

SUBSTANTIAL IMPROVEMENT IN RESULTS IN H DOUBLING OF EBITDA IN 2015: TARGET OF AROUND 10 MILLION Ivry-sur-Seine, 30 September 2015 SUBSTANTIAL IMPROVEMENT IN RESULTS IN H1 2015 EBITDA: +56% vs. H1 2014 Attributable net profit: + 6.4 million vs. H1 2014 Net cash position: 38.7 million, + 35.5 million

More information

TeliaSonera Interim Report January September 2015

TeliaSonera Interim Report January September 2015 January September January September Solid core business THIRD QUARTER SUMMARY Net sales increased 6.3 percent to SEK 27,029 million (25,417). Net sales in local currencies, excluding acquisitions and disposals,

More information

MACINTOSH RETAIL GROUP NV. Aandeelhoudersvergadering d.d. 27 april 2010. General meeting of shareholders. April 27, 2010

MACINTOSH RETAIL GROUP NV. Aandeelhoudersvergadering d.d. 27 april 2010. General meeting of shareholders. April 27, 2010 MACINTOSH RETAIL GROUP NV Aandeelhoudersvergadering d.d. 27 april 2010 General meeting of shareholders April 27, 2010 Should different interpretations arise between the Dutch and English version of this

More information

Financial Results. siemens.com

Financial Results. siemens.com s Financial Results Fourth Quarter and Fiscal 2015 siemens.com Key figures (in millions of, except where otherwise stated) Volume Q4 % Change Fiscal Year % Change FY 2015 FY 2014 Actual Comp. 1 2015 2014

More information

Q Results. May 12, 2015

Q Results. May 12, 2015 Q1 2015 Results May 12, 2015 1 Operational Review 2 Q1 2015 HIGHLIGHTS Clear market leader in Fiber & accelerating investment in 4G+ and Fiber Marketing focused on high end customers and 4P convergence

More information

Poste Italiane: growth in revenue and operating profit. Board of Directors approves Half Year results

Poste Italiane: growth in revenue and operating profit. Board of Directors approves Half Year results Poste Italiane: growth in revenue and operating profit Board of Directors approves Half Year results Approves filing of regulatory files for a listing and the adoption of a new governance code Total revenues:

More information

Rubicor Group Limited and Controlled Entities

Rubicor Group Limited and Controlled Entities Consolidated Statement of Profit or Loss and Other Comprehensive Income For the financial year ended 30 June Note Revenue 2 204,314 198,028 Other gains and losses 2 403 - Gain on debt forgiven 3-88,608

More information

APPENDIX 4E ANNUAL REPORT THORN GROUP LIMITED ACN 072 507 147 YEAR ENDED 31 MARCH 2015. Page 1 of 7

APPENDIX 4E ANNUAL REPORT THORN GROUP LIMITED ACN 072 507 147 YEAR ENDED 31 MARCH 2015. Page 1 of 7 APPENDIX 4E ANNUAL REPORT THORN GROUP LIMITED ACN 072 507 147 YEAR ENDED 31 MARCH 2015 1 Details of the reporting period and the previous corresponding period Current period: 1 April 2014 to 31 March 2015

More information

Consolidated results for H1 2011

Consolidated results for H1 2011 Press release Rabat, July 26, 2011 Consolidated results for H1 2011 Solid fundamentals: Group customer base: +16.5% year on year, to 27.5 million customers Morocco: - 24% decline in mobile rates and 22%

More information

Airbus Group Reports Improved Nine-Month (9m) Results 2014

Airbus Group Reports Improved Nine-Month (9m) Results 2014 Airbus Group Reports Improved Nine-Month () Results Financial performance reflects operational progress, guidance confirmed Revenues increase four percent to 40.5 billion EBIT* before one-off rises 12

More information

Hungarian Telephone and Cable Corp.

Hungarian Telephone and Cable Corp. Hungarian Telephone and Cable Corp. 1201 Third Avenue Puskas Tivadar u. 8-10 Seattle, WA 98101-3034 - U.S.A. H-2040 Budaors, Hungary Phone (206) 654-0204 - Fax (206) 652-2911 Phone (361) 801-1500 - Fax

More information

Q2 2015 Results. July 29, 2015

Q2 2015 Results. July 29, 2015 Q2 2015 Results July 29, 2015 1 Operational Review 2 Q2 2015 HIGHLIGHTS Synergies delivery ahead of plan with accelerating DSL to Fiber migrations Strong Sales momentum in June in Mobile Postpaid Growth

More information

3Q 2015 Operating Results

3Q 2015 Operating Results TSE: 2412 NYSE: CHT 3Q 2015 Operating Results October 29, 2015 Disclaimer STATEMENT REGARDING UNAUDITED FINANCIAL INFORMATION The unaudited financial information under T-IFRSs in this presentation is preliminary

More information

WESTERN DIGITAL CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS. (in millions; unaudited) ASSETS

WESTERN DIGITAL CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS. (in millions; unaudited) ASSETS CONDENSED CONSOLIDATED BALANCE SHEETS (in millions; unaudited) ASSETS Apr. 1, July 3, 2016 2015 Current assets: Cash and cash equivalents $ 5,887 $ 5,024 Short-term investments 146 262 Accounts receivable,

More information

AGILYSYS FISCAL 2016 SECOND QUARTER REVENUE INCREASES 13% TO $29.6 MILLION INCLUSIVE OF 35% YEAR OVER YEAR INCREASE IN SUBSCRIPTION REVENUE

AGILYSYS FISCAL 2016 SECOND QUARTER REVENUE INCREASES 13% TO $29.6 MILLION INCLUSIVE OF 35% YEAR OVER YEAR INCREASE IN SUBSCRIPTION REVENUE AGILYSYS FISCAL 2016 SECOND QUARTER REVENUE INCREASES 13% TO $29.6 MILLION INCLUSIVE OF 35% YEAR OVER YEAR INCREASE IN SUBSCRIPTION REVENUE Revenue in First Half of Fiscal 2016 Improves 14% to $57.1 Million,

More information

SEAGATE TECHNOLOGY PLC CONDENSED CONSOLIDATED BALANCE SHEETS (In millions) (Unaudited)

SEAGATE TECHNOLOGY PLC CONDENSED CONSOLIDATED BALANCE SHEETS (In millions) (Unaudited) CONDENSED CONSOLIDATED BALANCE SHEETS (In millions) July 3, (a) ASSETS Current assets: Cash and cash equivalents $ 1,193 $ 2,479 Short-term investments 6 6 Accounts receivable, net 1,250 1,735 Inventories

More information

Key Performance Indicators

Key Performance Indicators Vodafone Performance Key Performance Indicators The Board and the Executive Committee monitor Group and regional performance against budgets and forecasts using financial and non-financial metrics. In

More information

NEXSTAR BROADCASTING THIRD QUARTER NET REVENUE INCREASES 21.1% TO RECORD $73.1 MILLION

NEXSTAR BROADCASTING THIRD QUARTER NET REVENUE INCREASES 21.1% TO RECORD $73.1 MILLION NEWS ANNOUNCEMENT FOR IMMEDIATE RELEASE NEXSTAR BROADCASTING THIRD QUARTER NET REVENUE INCREASES 21.1% TO RECORD $73.1 MILLION - Third Quarter Operating Income Rises to $12.9 Million; BCF Increases 54.5%;

More information

Earnings Conference Call Fiscal 3Q14

Earnings Conference Call Fiscal 3Q14 Earnings Conference Call Fiscal 3Q14 February 5, 2015 Cautionary Statement This release includes forward-looking statements within the meaning of the securities laws. The words may, could, should, estimate,

More information

Apptix Sells Public Cloud Business Funds MSP Growth Strategy

Apptix Sells Public Cloud Business Funds MSP Growth Strategy Apptix Sells Public Cloud Business Funds MSP Growth Strategy Herndon, VA and Oslo, Norway September 9, 2015 Apptix (OSE: APP), the premier provider of managed and hosted solutions, today announced it sold

More information

O KEY GROUP ANNOUNCES AUDITED FINANCIAL RESULTS FOR 2014

O KEY GROUP ANNOUNCES AUDITED FINANCIAL RESULTS FOR 2014 Press Release 19 March 2015 O KEY GROUP ANNOUNCES AUDITED FINANCIAL RESULTS FOR 2014 O KEY Group S.A (LSE: OKEY), a leading food retailer in Russia, today released audited consolidated financial results

More information

Alternative Networks plc Interim results for the six months to 31 March 2015

Alternative Networks plc Interim results for the six months to 31 March 2015 Alternative Networks plc Interim results for the six months to 31 March 2015 Edward Spurrier, Chief Executive Officer Mark Quartermaine, Chief Operating Officer (CEO Designate) Gavin Griggs, Chief Financial

More information

Kabel Deutschland continues to post strong growth

Kabel Deutschland continues to post strong growth INVESTOR RELATIONS RELEASE Kabel Deutschland continues to post strong growth Unterfoehring, November 17, 2009 Kabel Deutschland (KDG), Germany s largest cable operator, announced today its financial results

More information

Interim Report. 1 July September 2007

Interim Report. 1 July September 2007 Interim Report 1 July 2007 30 September 2007 Q3 2007 Report President and CEO Veli-Matti Mattila Elisa Q3 2007 Q3 2007 and financial highlights Review of the mobile and fixed network businesses Execution

More information

Pfeiffer Vacuum announces results for FY 2014

Pfeiffer Vacuum announces results for FY 2014 PRESS RELEASE Pfeiffer Vacuum announces results for FY 2014 Total sales of 406,6 million EBIT margin at 11,0 percent Dividend proposal of 2.65 euros Asslar, Germany, March 26, 2015. Total sales for FY

More information

Second Quarter 2010 Earnings Conference Call

Second Quarter 2010 Earnings Conference Call NASDAQ: HTCO Second Quarter 2010 Earnings Conference Call July 29, 2010 Safe Harbor Statement Information set forth in this presentation contains financial estimates and other forward-looking statements

More information

FOR IMMEDIATE RELEASE 28 September 2015 BOND INTERNATIONAL SOFTWARE PLC UNAUDITED INTERIM RESULTS

FOR IMMEDIATE RELEASE 28 September 2015 BOND INTERNATIONAL SOFTWARE PLC UNAUDITED INTERIM RESULTS FOR IMMEDIATE RELEASE 28 September 2015 BOND INTERNATIONAL SOFTWARE PLC UNAUDITED INTERIM RESULTS Bond International Software Plc ( the Group ), the specialist provider of software for the international

More information

1Q14 Earnings Conference Call

1Q14 Earnings Conference Call 1Q14 Earnings Conference Call CONSOLIDATED RESULTS ((R$ MILLlON)) 1Q13 1Q14 Chg.% NET REVENUE 267.3 300.1 12.3% ADJUSTED EBITDA¹ 50.0 56.5 13.0% ADJUSTED EBITDA MARGIN ² 17.9% 17.9% 0.0 p.p. ADJUSTED NET

More information

QSC AG. Company Presentation. Results Q Cologne, November 19, Results Q

QSC AG. Company Presentation. Results Q Cologne, November 19, Results Q QSC AG Company Presentation Results Q3 2008 Cologne, November 19, 2008 1 19.11.2008 AGENDA 1. Operational Update 2. Financial Results / Outlook 2 HIGHLIGHTS Q3 2008: BACK TO PROFITABILITY QSC returns to

More information

2014 CONSOLIDATED RESULTS

2014 CONSOLIDATED RESULTS PRESS RELEASE Rabat, February 23, 2015 2014 CONSOLIDATED RESULTS Highlights: - Increase in the Group consolidated revenues (+2.1% at constant exchange rates over 2014) ; - Continued growth in customer

More information

FOR IMMEDIATE RELEASE 17 September 2013 BOND INTERNATIONAL SOFTWARE PLC UNAUDITED INTERIM RESULTS

FOR IMMEDIATE RELEASE 17 September 2013 BOND INTERNATIONAL SOFTWARE PLC UNAUDITED INTERIM RESULTS FOR IMMEDIATE RELEASE 17 September 2013 BOND INTERNATIONAL SOFTWARE PLC UNAUDITED INTERIM RESULTS Bond International Software Plc ( the Group ), the specialist provider of software for the international

More information

QSC AG. Company Presentation. Results Q1 2014 Cologne, May 12, 2014

QSC AG. Company Presentation. Results Q1 2014 Cologne, May 12, 2014 QSC AG Company Presentation Results Q1 2014 Cologne, May 12, 2014 AGENDA 1. Highlights Q1 2014 2. Financial Results Q1 2014 3. Outlook 2014 4. Questions & Answers 2 2014 STARTED AS EXPECTED Two-track development

More information

1 January 2004 31 December 2004

1 January 2004 31 December 2004 1 January 31 December 1 Contents Q4 Report President and CEO Veli-Matti Mattila Key Figures and Financial Statement CFO Tuija Soanjärvi 2 Q4 Report President and CEO Veli-Matti Mattila Elisa Q4 Financial

More information

FY 2015 Strategy & Results Presentation. March 10, 2016

FY 2015 Strategy & Results Presentation. March 10, 2016 FY 2015 Strategy & Results Presentation March 10, 2016 1 Disclaimer This document has been prepared by Iliad S.A. (the "Company ) and is being furnished to you solely for your information and personal

More information

GrandVision reports 2.8 billion Revenue and 449 million EBITDA for 2014

GrandVision reports 2.8 billion Revenue and 449 million EBITDA for 2014 GrandVision reports 2.8 billion Revenue and 449 million EBITDA for 2014 Schiphol, the Netherlands 18 March 2015. GrandVision N.V. publishes Full Year and Quarter 2014 results. 2014 Highlights Revenue grew

More information

China Telecom Corporation Limited. Edited Transcript of 2012 Annual Results Analyst Presentation

China Telecom Corporation Limited. Edited Transcript of 2012 Annual Results Analyst Presentation China Telecom Corporation Limited Edited Transcript of 2012 Annual Results Analyst Presentation Speaker: Mr. Wang Xiaochu, Chairman and CEO Good afternoon, ladies and gentlemen. I am very pleased to meet

More information

Deutsche Telekom wins droves of customers in the second quarter

Deutsche Telekom wins droves of customers in the second quarter MEDIA INFORMATION Bonn, August 8, 2013 Deutsche Telekom wins droves of customers in the second quarter 1.38 million mobile contract net additions Group-wide Net total of 688,000 new branded postpaid customers

More information

Financials at a glance: Strong growth in topline and net adjusted income

Financials at a glance: Strong growth in topline and net adjusted income 1 Ströer Financials Financials at a glance: Strong growth in topline and net adjusted income Change Revenues Organic growth (1) Operational EBITDA 282.3 242.2 +16.6% 7.3% 10.0% 59.8 52.4 +14.0% Net adjusted

More information

Condensed consolidated income statement

Condensed consolidated income statement RESTATED AND PREVIOUSLY COMMUNICATED (OLD) QUARTERLY INFORMATION FOR Fortum signed the agreement to sell its Swedish distribution business on 13 March 2015, which concludes Fortum s divestment of its electricity

More information

Logista Q Results. February 9, 2016

Logista Q Results. February 9, 2016 Logista Q1 2016 Results February 9, 2016 Logista reports Q1 2016 Results Logista announces today its First Quarter Results for 2016. Main highlights: Revenues growing by 2.3% Good performance of Economic

More information

Hungarian Telephone and Cable Corp.

Hungarian Telephone and Cable Corp. Hungarian Telephone and Cable Corp. 1201 Third Avenue Puskas Tivadar u. 8-10 Seattle, WA 98101-3034 - U.S.A. H-2040 Budaors, Hungary Phone (206) 654-0204 - Fax (206) 652-2911 Phone (361) 801-1500 - Fax

More information

Financial Accounting. Financial Statement Analysis

Financial Accounting. Financial Statement Analysis Financial Accounting Financial Statement Analysis Dr. Charles W. Mulford Scheller College of Business Georgia Institute of Technology Atlanta, GA 30332-0520 (404) 894-4395 cwmulford@gmail.com Financial

More information

FURTHER PROFIT GROWTH IN FIRST-HALF 2015

FURTHER PROFIT GROWTH IN FIRST-HALF 2015 FURTHER PROFIT GROWTH IN FIRST-HALF 2015 Net sales of 37.7bn, up +5.2% (+2.9% on an organic basis) Growth in Recurring Operating Income: 726m, +2.6% at constant rates Strong growth in adjusted net income,

More information

Disclaimer. This document has been prepared by Tele Columbus AG (the "Company") solely for informational purposes.

Disclaimer. This document has been prepared by Tele Columbus AG (the Company) solely for informational purposes. Disclaimer This document has been prepared by Tele Columbus AG (the "Company") solely for informational purposes. This presentation may contain forward-looking statements. These statements are based on

More information