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Classified in: Science and technology, Business
Subject: ERN

Cablevisión Holding Announces Fourth Quarter and Accumulated 2017 Results



BUENOS AIRES, Argentina, March 8, 2018 /PRNewswire/ -- Cablevisión Holding S.A., ("Cablevision Holding", "CVH" or "the Company" - BCBA: CVH; LSE: CVH), announced today its results for the  fourth quarter 2017 period as well the accumulated annual figure (for the period of May 1, 2017 to December 31, 2017) since the Company's inception this year.  Figures have been prepared in accordance with International Financial Reporting Standards ("IFRS") and are stated in Argentine Pesos (Ps.), unless otherwise indicated.

Operations include cable television, Internet access and telephony services, in Argentina and certain neighboring countries, through its subsidiary Cablevisión, which is the largest cable television operator in Latin America in terms of number of subscribers. This Company also provides high-speed Internet access under the Fibertel brand and telephony services through Nextel.

CVH Highlights 2017:

CVH FINANCIAL HIGHLIGHTS

ACCUMULATED 2017






(In millions of Ps.)

Cable TV and
Internet Access

IDEN
Telephony

Other

Eliminations

Consolidated

Revenues

26,607.5

1,809.1

60.8

(77.7)

28,399.7

Cost of Sales

(9,916.0)

(1,058.8)

-


(10,974.7)

SG&A

(6,353.2)

(860.6)

(90.3)

60.8

(7,243.3)

Intersegment Costs and Expenses

(15.9)

(1.1)

-

16.9

-

EBITDA

10,322.4

(111.3)

(29.5)

-

10,181.7

EBITDA Margin

38.8%

(6%)

(48%)

NA

35.9%

 

 

FOURTH QUARTER 2017






(In millions of Ps.)

Cable TV and
Internet Access

IDEN

Telephony

Other

Eliminations

Consolidated

Revenues

10,572.7

601.7

22.8

(22.8)

11,174.4

Cost of Sales

(4,065.1)

(419.9)

-

-

(4,485.0)

SG&A

(2,512.9)

(283.6)

(34.1)

22.8

(2,807.8)

Intersegment Costs and Expenses

-

-

-

-

-

EBITDA

3,994.7

(101.8)

(11.3)

-

3,881.7

EBITDA Margin

37.8%

(17%)

(49%)

NA

34.7%

(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.

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


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