Tele Columbus AG

  • WKN: TCAG17
  • ISIN: DE000TCAG172
  • Land: Deutschland

Nachricht vom 15.05.2018 | 09:29

Tele Columbus AG adjusts guidance for the financial year 2018

Tele Columbus AG / Key word(s): Change in Forecast
Tele Columbus AG adjusts guidance for the financial year 2018

15-May-2018 / 09:29 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Disclosure of an Insider Information according to Article 17 MAR

 

Tele Columbus AG adjusts guidance for the financial year 2018

Berlin, 15 May 2018.

The management board of Tele Columbus AG (ISIN: DE000TCAG172, WKN: TCAG17) today partially adjusted its guidance for the FY 2018.

The adjustments are based on the numbers for Q1 2018, which were prepared today, as well as better visibility on business trends and temporary higher cost base driven by investments in the delivery capabilities of the company. In the short term, these effects are not expected to be offset by stronger growth and will therefore result in a lower normalized EBITDA for the full FY 2018. In light of the ongoing integration efforts, which negatively affected customer service, the Company decided to delay the ramp-up of marketing activities which resulted in a flat development of internet RGU's.
 

The management board therefore expects for the FY 2018 the following outlook:

- stable homes connected of around 3.6 million

- revenue growth in the low to mid-single-digit percentage range (instead of mid-single-digit percentage range)

- normalized EBITDA of EUR 265 to 280 million (instead of EUR 280 to 290 million)

- between 27 and 30% investments in proportion to revenue.

Otherwise, the guidance for the FY 2018 remains unchanged. The management board further confirmed its mid-term outlook and guides on CAPEX peaking in 2019.
 


Disclaimer

This release may contain forward-looking statements. These statements reflect the Company's current knowledge and expectations and projections about future events. By their nature, forward-looking statements involve a number of risks, uncertainties, assumptions and other factors that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. Such risks, uncertainties and assumptions may cause our actual results, performance or achievements to differ materially from those expressed or implied by such forward-looking statements. In light of these risks and uncertainties, the forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially from those anticipated or implied in the forward-looking statements. Accordingly, investors are cautioned not to place undue reliance on the forward-looking statements, which speak only as of the date of this document.

This release may contain references to certain non-GAAP financial measures, such as Normalized EBITDA and Capex, and operating measures, such as RGUs, ARPU, and Unique Subscribers calculations. These non-GAAP financial and operating measures should not be viewed in isolation as alternatives to measures of the Company's financial condition, results of operations or cash flows as presented in accordance with IFRS. The non-GAAP financial and operating measures used by the Company may differ from, and not be comparable to, similarly titled measures used by other companies.

All information contained in this release has been carefully prepared. However, no reliance may be placed for any purposes whatsoever on the information contained in this document or on its completeness. No representation or warranty, express or implied, is given by or on behalf of the Company or any of its directors, officers or employees or any other person as to the accuracy or completeness of the information or opinions contained in this document and no liability whatsoever is accepted by the Company or any of its directors, officers or employees nor any other person for any loss howsoever arising, directly or indirectly, from any use of such information or opinions or otherwise arising in connection therewith. The Company does not undertake any obligation to update or revise any information contained in this release, including forward-looking statements, whether as a result of new information, future events or otherwise.


About us

The SDAX-listed Tele Columbus AG serves 3.6 million homes connected thereby being Germany's third-largest cable network operator. Its brand PŸUR stands for simplicity, performance and fairness in relation to TV and telecommunication products. Via its state-of-the-art fibre network PŸUR offers high-speed broadband internet including fixed-line telephony as well as more than 250 TV channels on a digital entertainment platform which combines linear TV with streaming services. To its housing association partners PŸUR offers flexible models of cooperation and state-of-the-art services such as telemetric and tenant portals. As a full-service partner for municipalities and regional utilities Tele Columbus Group is actively supporting the fibre-based broadband internet expansion in Germany. For its business customers the Group offers carrier services and corporate solutions via its fibre network. Besides its headquarter in Berlin the Company has locations in Hamburg, Leipzig, Ratingen and Unterföhring/Munich. Since January 2015 Tele Columbus AG is traded on the regulated market (Prime Standard) of the Frankfurt Stock exchange and since June 2015 listed in the SDAX.



Contact:
Silke Bernhardt
Director Corporate Communications
Phone +49 (30) 3388 4177
Fax +49 (30) 3388 9 1999
presse@telecolumbus.de
www.telecolumbus.com

15-May-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



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