Le Lézard
Classified in: Science and technology, Business
Subjects: ERN, CCA

Cablevisión Holding Announces Third Quarter and Five-Month 2017 Results



BUENOS AIRES, Argentina, Nov. 10, 2017 /PRNewswire/ -- Cablevisión Holding S.A., ("Cablevision Holding",  "CVH" or "the Company" - BCBA: CVH; Level 1 US: CVHSY), announced today its results for the five month period between its inception on May 1, 2017 to September 30, 2017, including the isolated third quarter 2017 period . Figures in this report have been prepared in accordance with International Financial Reporting Standards ("IFRS") and are stated in Argentine Pesos, unless otherwise indicated.

Its operations include the provision of cable television, Internet access and telephony services, with operations in Argentina and in some neighboring countries, through its subsidiary Cablevisión, which is  the largest cable television operator in Latin America in terms of subscribers. This company also provides high-speed Internet access under the Fibertel brand and telephony services through Nextel.

CVH Highlights:


CVH FINANCIAL HIGHLIGHTS

FIVE MONTHS 2017

(In millions of Ps.)

Cable TV and
Internet Access

IDEN

Telephony

Other

Eliminations

Consolidated

Revenues

16,034.8

1,207.4

38.0

(54.9)

17,225.3

Cost of Sales

(5,850.9)

(638.9)

-


(6,489.8)

SG&A

(3,840.3)

(577.0)

(56.2)

38.0

(4,435.5)

Intersegment Costs and Expenses

(15.9)

(1.1)

-

16.9

-

EBITDA

6,327.7

(9.5)

(18.2)

-

6,300.0

EBITDA Margin

39%

(1%)

(48%)

NA

37%

 

THIRD QUARTER 2017

(In millions of Ps.)

Cable TV and
Internet Access

IDEN

Telephony

Other

Eliminations

Consolidated

Revenues

9.841,9

716,4

22,8

(36,4)

10.544,7

Cost of Sales

(3.636,8)

(371,4)

-

-

(4.008,2)

SG&A

(2.449,0)

(339,8)

(43,7)

22,8

(2.809,7)

Intersegment Costs and
Expenses

(13,1)

(0,6)

-

13,6

-

EBITDA

3.743,1

4,6

(20,9)

-

3.726,8

EBITDA Margin

38%

1%

(92%)

NA

35%

 

(1)  We define Adjusted EBITDA as Revenues minus cost of sales (excluding depreciation and amortization) and selling and administrative expenses (excluding depreciation and amortization). We believe that Adjusted EBITDA is a meaningful measure of our performance. It is commonly used to analyze and compare media companies on the basis of operating performance, leverage and liquidity. Nonetheless, Adjusted EBITDA is not a measure of net income or cash flow from operations and should not be considered as an alternative to net income, an indication of our financial performance, an alternative to cash flow from operating activities or a measure of liquidity. Other companies may compute Adjusted EBITDA in a different manner; therefore, Adjusted EBITDA as reported by other companies may not be comparable to Adjusted EBITDA as we report it.

(2) We define Adjusted EBITDA Margin as Adjusted EBITDA over Revenues.

A complete version of this report is available at: https://www.cablevisionholding.com/Inversores

CVH cordially invites you to participate in its conference call and webcast presentation on Monday, November 13, 2017 at 11:00am Eastern Time (1:00pm Buenos Aires time) to discuss Third Quarter 2017 Results on Monday, November 13, 2017.

Those interested in connecting via conference call, please dial 1-800-311-9404 toll free from the U.S., 0-800-444-7657 from Argentina, or 1 (334) 323-7224 from elsewhere 5-10 minutes prior to the start time. The Conference ID is 8941.

The webcast presentation will be available at: https://www.webcaster4.com/Webcast/Page/1772/23283

Investor Relations Contacts:

In Buenos Aires: 

In New York:

Cablevisión Holding S.A 

i-advize Corporate Communications, Inc

Agustín Medina Manson, Head of Investor Relations 

Camilla Ferreira / Kenia Vargas

Patricio Gentile, Sr. Analyst of Investor Relations

Email: cferreira@i-advize.com

Email: ir@cablevisionholding.com   

kvargas@i-advize.com

Tel: (+54 11) 4309 ? 3417    

Tel: +1 212 406 3695 / 3696

https://www.cablevisionholding.com 


 

SOURCE CVH


These press releases may also interest you

at 09:33
MX Gold Corp. (the "Company" or "MX Gold") is pleased to announce the Magistral Joint Venture's appointment of Kevin Weston as Director of Operations of the Magistral Del Oro Project in Mexico (the "Magistral Project"). The Magistral Project is...

at 09:26
Boyuan Construction Group, Inc., , a growing construction company in China of commercial, residential and municipal infrastructure projects, announced today that it has started construction on two new projects in Jiaxing, Zhejiang Province. The...

at 09:20
Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Geospace Technologies Corporation ("Geospace" or the "Company") . After market close on November 22, 2017, the...

at 09:15
Helping internationally trained newcomers join the Canadian workforce faster will help grow the economy and strengthen the middle class. That's why today, the Honourable John McKay, Member of Parliament for Scarborough?Guildwood, on behalf of the...

at 09:12
TMX Group, owner and operator of CDS, Canada's equities and fixed income clearing house, today provided an update on the engagement with the Canadian Securities Administrators (CSA), an umbrella organization of Canada's provincial and territorial...

at 09:08
Middlefield Group, on behalf of European Focused Dividend Fund (the "Fund"), is pleased to announce that the Fund has completed its initial public offering of 8,500,000 units at a price of $10.00 per unit for gross proceeds of $85 million. The units...




News published on 10 november 2017 at 18:00 and distributed by: