Portugal Telecom announced today its first quater results ended 31 March 2010.
| Consolidated financial highlights |
|
Euro million |
|
1Q10 |
1Q09 |
y.o.y |
| Operating revenues |
1,773.4 |
1,604.5 |
10,5% |
| Operating costs, excluding PRBs and D&A |
1,140.1 |
1,001.9 |
13,8% |
| EBITDA (¹) |
633.4 |
602.6 |
5,1% |
| Income from operations (²) |
237.8 |
254.0 |
(6,4%) |
| Net income |
100.3 |
166.4 |
(39,7%) |
| Capex (³) |
229.0 |
223.8 |
2,3% |
| Capex as % of revenues (%) |
12.9 |
13.9 |
(1,0pp) |
| EBITDA minus Capex |
404.4 |
378.8 |
6,8% |
| Free cash flow |
(57.0) |
(91.8) |
37,9% |
| Net debt |
5,659.8 |
5,740.6 |
(1,4%) |
| After-tax unfunded PRB obligations |
1,121.8 |
1,367.7 |
(18,0%) |
| EBITDA margin (%) |
35.7 |
37.6 |
(1,8pp) |
| Net debt / EBITDA (x) |
2.2 |
2.4 |
(0,1x) |
| EBITDA / net interest (x) |
8.7 |
8.3 |
0,4x |
| Basic earnings per share |
0,11 |
0,19 |
(39,7%) |
| Diluted earnings per share ⁽⁵⁾ |
0,11 |
0,18 |
(38,2%) |
(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 1Q09). (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: 6 May 2010
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: 349551)
US and Canada callers: 877 660 6853
(Account Number: 3082, Conference ID: 349551) |