Du är här


ALTICE - FIRST QUARTER 2014 RESULTS: Strong financial performance driven by margin expansion in International business


Strong financial performance driven by margin expansion in International

May 16, 2014: Altice SA (Euronext: ATC NA), today announces financial and
operating results for the quarter ended March 31, 2014.

Strong pro forma1EBITDA and Cash Flow growth

* €828m Revenue, down 2.0% (down 1.1% on CC2basis) * €502m International
Revenue, down 3.6% * €326m France Revenue, up 0.4%
* EBITDA of €367m, up 6.5% (up 7.4% on CC basis) * €215m International
EBITDA, up 11% * €153m France EBITDA, up 1.2%
* EBITDA margin expanded by 3.6% pts to 44.4% * International margin expanded
by 5.4% pts to 42.7% * France margin up slightly to 46.9%
* Operating Free Cash Flow3of €201m, up 5.4% (up 6.9% on CC basis)

Major strategic progress

* France: Agreed purchase of SFR, to combine with Numericable * Raised €16bn
debt for SFR transaction, including refinancing €2.6bn Numericable debt *
Agreed to issue €0.8bn new Altice equity4and pay €529m cash to Carlyle and
Cinven for their Numericable stake, increasing Altice stake from 40% to 75%
pre-SFR deal * Numericable in exclusive negotiations to buy Virgin Mobile
* International: Acquisition of both Tricom and Orange Dominicana in
Dominican Republic closed, creating integrated cable/mobile business with
strong market share and growth opportunities

Key operational progress

* France: Customer and ARPU growth driving 1.7% cable revenue growth
* Israel: * Strong triple-play, hi-speed broadband and mobile UMTS sub growth
* Cost restructuring driving 23% EBITDA growth and 10% pts increase in
EBITDA margin to 47.9%
* Dominican Republic: * 7% mobile and 6% cable customer growth * Efficiencies
driving 3.9% pts increase in EBITDA margin to 40.3%
* French Overseas Territories: * 10% postpaid mobile customer growth; 7%
mobile ARPU growth * Integration of Outremer Telecom driving 11% EBITDA

Dexter Goei, Chief Executive Officer of Altice, said
: "We began the year strongly, both operationally and financially. Integration
of the companies we acquired last year continues to go well, driving improved
margins and strong cash flow growth.

We are delighted to have agreed the purchase of SFR in France and to have
closed our acquisitions in the Dominican Republic. We see strong growth
opportunities in both these areas and across our portfolio."


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
4pm CET today.


Conference call dial in: +44 (0)20 3427 1919 / +1 646 254 3363
Confirmation code: 9909055
Notes:1Financials shown in these bullet points are pro forma for the
acquisitions of Orange Dominicana, Tricom, Mobius and extra 10% stake of
Numericable. These results are not pro forma for the proposed SFR
transaction.2Constant currency.3Defined as EBITDA less Capital
Expenditure.4Based on agreement on 5thApril 2014 with C&C to issue them with
c25m shares and Altice share price of €30.14 as of April 4th2014
Earnings release as PDF


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Altice SA via Globenewswire


Författare Hugin

Tala om vad ni tycker

Tala om vad ni tycker

Ni är just nu inne på en betaversion av nya aktiespararna. Lämna gärna feedback på vad ni tycker i formuläret nedan.