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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Atotech Limited | NYSE:ATC | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 22.71 | 0 | 01:00:00 |
ALTICE N.V. - FULL YEAR AND Q4 2016 PRO FORMA[1] RESULTS
Guidance 2017[12]
For 2017 we expect growth YoY in Altice Group revenue, including revenue stabilization in France on a pro forma organic basis. We expect high-single digit growth in Group Adjusted EBITDA YoY and Group capex of c.€4 billion.
Michel Combes, Chief Executive Officer of Altice, said: "2016 was a pivotal year for Altice as we successfully transformed the Group into a leading, transatlantic converged communications player. Our business is stronger than ever and we have put all the building blocks in place for continued profitable growth.
Our 2016 performance has validated the Altice Model as we've been very focused on execution, seeing an advanced turnaround in Europe and stronger US performance. Indeed, since Altice took control of the major businesses it has acquired, France and Portugal have returned to revenue growth for the first time in many years, and growth in the US has significantly accelerated. This growth has been driven by our clear strategy:
Attract the best talent to create and provide the best customer experience, the best infrastructure and the best content.
We continue to invest in these areas to differentiate our offers, expand our capabilities and expertise, and add new revenue sources to the Group.
We are proud of our global network commitments - during 2016 we upgraded over 9 million homes for higher speed broadband services and more than doubled the number of 4G mobile sites in France. We have a leading commitment to fiber with rapid deployments across the Group and technological innovation well in advance of our peers. All of this investment is being facilitated by driving significant efficiency savings across every one of our businesses, supported by completing our internal reorganization to leverage our new scale. The combination of growth and margin expansion confirms our original investment thesis when we entered all of the markets where we now have operations. We firmly believe this strategy will continue to support our growth well into the future."
March 8, 2017: Altice N.V. (Euronext: ATC NA and ATCB NA), today announces financial and operating results for the quarter and year ended December, 2016.
All major markets drove profitable growth in Q4
Contacts
Chief Investor Relations Officer
Nick Brown: +41 79 720 1503 / nick.brown@altice.net
Chief Communications Officer
Arthur Dreyfuss: +41 79 946 4931 / arthur.dreyfuss@altice.net
Conference call details
The company will host a conference call and webcast tomorrow, March 9, 2017, to discuss the results at 2:00pm CET (1:00pm UK time, 8:00am ET)
Webcast live: http://edge.media-server.com/m/p/c4gw23nr
Dial-in access telephone numbers:
France: +33 1 76 77 22 74
UK: +44 330 336 9105
USA: +1 719 457 2086
Confirmation Code: 4389172
[1] Financials shown in these bullet points are pro forma defined here as results of the Altice N.V. Group as if all acquisitions had occurred on 1/1/15, including PT Portugal (MEO), Suddenlink, Cablevision (Optimum), NextRadioTV and Altice Media Group France (and excluding Belgium and Luxembourg, Newsday Media Group, Cabovisao, ONI, La Reunion and Mayotte mobile activities as if the disposals occurred on 1/1/15). Segments shown on a pro forma standalone reporting basis, Group figures shown on a pro forma consolidated basis. Financials include only one month of contribution from the insourcing of Parilis and no impact from the insourcing of Intelcia, as the impacts were not material.
[2] In constant currency, Altice N.V. Group revenue grew 2.2% YoY in Q4.
[3] Altice France revenue grew 0.8% YoY excluding retail roaming EU tariffs impacts in May 2016.
[4] 19% YoY reduction in total calls and 21% YoY reduction in technical service visits in H2 2016 vs. H2 2015 at Altice USA.
[5] Based on FY 2016 pro forma consolidated Operating FCF (defined as Adjusted EBITDA less Capex) contribution, excluding group corporate segment (€-88.1m), €44.0m of capitalised exclusive content costs in Portugal for multi-year contracts and €413.8m of capex related to the acquisition of multi-year major sport rights at Altice International.
[6] Altice Portugal revenue grew 1.3% YoY excluding regulatory impacts.
[7] Altice Group leverage as measured by net debt / Adjusted EBITDA on a L2QA basis reduced to 5.4x in Q4 2016 from 5.9x in Q4 2015.
[8] FTTB and FTTH homes passed.
[9] Fastest fiber speeds delivered on average according to ISP Speed Index as of December 2016. Fastest DSL speeds according to data from nPerf as of Q4 2016. Most reliable connections for fiber and DSL according to ARCEP Quality of access to fixed services as of November 2016.
[10] 300Mbps for B2C (residential) customers and 350Mbps for B2B (commercial) customers.
[11] Excluding spectrum capex of €477m in France in Q4 2015.
[12] 2017 guidance applies to current Group perimeter in this earnings release at constant currency. Refers to pro forma revenue and EBITDA growth including Optimum (Cablevision) and Media assets in France (i.e. NextRadioTV and Altice Media Group France), and excluding Belgium and Luxembourg, for 12 months in 2016. Capex guidance excludes net impact of handset securitisation.
[13] Group Revenue grew 2.2% on a constant currency (CC) basis.
[14] Includes media assets (i.e. NextRadioTV and Altice Media Group France).
[15] Excluding Newsday following disposal of 75% stake completed in July 2016.
[16] Group Adjusted EBITDA increased 15.1% on a CC basis.
[17] Includes media assets (i.e. NextRadioTV and Altice Media Group France).
[18] Defined as Adjusted EBITDA less Capital Expenditure, excluding spectrum capex of €477m in France in Q4 2015.
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