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Telenet raises outlook amid 2.3% higher revenues in Q4

2018-02-13 09:27:00| Telecompaper Headlines

(Telecompaper) Belgian operator Telenet said revenues for the fourth quarter rose 2.3 percent from the year earlier to EUR 644 million. The adjusted EBITDA advanced 6.9 percent to EUR 299 million while the net profit went up to EUR 7.5 million, from breakeven. As a result, Telenet lifted its adjusted EBITDA CAGR for 2015-2018, saying it now sees growth at 6-7 percent instead of 5-7 percent. For the full year, the operator is guiding for adjusted EBITDA growth of 7.8 percent, and capex at 26 percent of revenue, with free cash flow of EUR 400-420 million.

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