15.05.2018
Tele Columbus AG DE000TCAG172
DGAP-Adhoc: Tele Columbus AG adjusts guidance for the financial year 2018
DGAP-Ad-hoc: 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.
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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
[email protected]
www.telecolumbus.com
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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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Language: English
Company: Tele Columbus AG
Kaiserin-Augusta-Allee 108
10553 Berlin
Germany
Phone: +49 (0)30 3388 4177
Fax: +49 (0)30 3388 9 1999
E-mail: [email protected]
Internet: www.telecolumbus.com
ISIN: DE000TCAG172
WKN: TCAG17
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart, Tradegate Exchange
End of Announcement DGAP News Service
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685843 15-May-2018 CET/CEST
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