Tuesday, 17 November 2009
Portugal Telecom announced today its results for the first nine months ended 30 September 2009.
| Consolidated financial highlights |
|
Euro million |
|
9M09 |
9M08 |
y.o.y |
| Operating revenues |
4,973.4 |
5,023.5 |
(1.0%) |
| Operating costs, excluding PRBs and D&A |
3,119.1 |
3,157.1 |
(1.2%) |
| EBITDA (¹) |
1,854.2 |
1,866.4 |
(0.7%) |
| Income from operations (²) |
769.0 |
889.9 |
(13.6%) |
| Net income |
371.9 |
433.5 |
(14.2%) |
| Capex (³) |
812.8 |
690.8 |
17.7% |
| Capex as % of revenues (%) |
16.3 |
13.8 |
2.6pp |
| EBITDA minus Capex |
1,041.4 |
1,175.6 |
(11.4%) |
| Free cash flow |
262.8 |
(35.4) |
n.m. |
| Net debt |
6,084.9 |
5,923.4 |
2.7% |
| After-tax unfunded PRB obligations |
1,167.0 |
1,078.7 |
8.2% |
| EBITDA margin (%) |
37.3 |
37.2 |
0.1pp |
| Net debt / EBITDA (x) |
2.5 |
2.4 |
0.1x |
| EBITDA / net interest (x) |
8.4 |
9.7 |
(1.3x) |
| Basic earnings per share |
0.42 |
0.47 |
(8.7%) |
| Diluted earnings per share |
0.42 |
0.46 |
(8.3%) |
(1) EBITDA = income from operations + post retirement benefits + depreciation and amortisation. (2) Income from operations = income before financials and income taxes + curtailment costs + losses (gains) on disposal of fixed assets + net other costs (gains). (3) Excludes additional commitments under the terms of the UMTS licence (Euro 11.5 million in 1H09) and the acquisition of 3G licenses in Brazil (Euro 227 million in 2Q08). (4) EBITDA margin = EBITDA / operating revenues. (5) Earnings per share computed using net income excluding the costs associated with the convertible bonds divided by the diluted number of shares.
| Conference Call details |
Date: 17 November 2009
Time:
16:00 (Portugal/UK),
17:00 (CET),
11:00 (US/NY)
Telephones numbers
Outside US: +1 201 689 8261
US and Canada: 877 869 3847 |
If you are unable to attend the conference calla replay will be available for one week through the following numbers:
Outside US callers: +1 201 612 7415
(Account Number: 3082, Conference ID: 335964)
US and Canada callers: 877 660 6853
(Account Number: 3082, Conference ID: 335964) |
Contacts:
Contacts:
Nuno Vieira, Investor Relations Director
nuno.t.vieira@telecom.pt
Tel.: +351.21.500.1701
Fax: +351.21.500.0800
|