Portugal Telecom announced today its first half results ended 30 June 2010.
| Consolidated financial highlights |
|
Euro million |
|
1H10 |
1H09 |
y.o.y |
| Operating revenues |
3,682.2 |
3,235.0 |
13,8% |
| Operating costs, excluding PRBs and D&A |
2,385.2 |
2,036.6 |
17.1% |
| EBITDA (¹) |
1,297.0 |
1,198.4 |
8,2% |
| Income from operations (²) |
488.4 |
486.5 |
0,4% |
| Net income |
264.5 |
256.6 |
3,1% |
| Capex (³) |
483.7 |
506.2 |
(4.5%) |
| Capex as % of revenues (%) |
13.1 |
15.6 |
(2,5pp) |
| EBITDA minus Capex |
813.3 |
692.1 |
17,5% |
| Free cash flow |
117.9 |
134.9 |
(12.6%) |
| Net debt |
6,092.8 |
6,156.2 |
(1,0%) |
| After-tax unfunded PRB obligations |
1,192.9 |
1,291.4 |
(7,6%) |
| EBITDA margin (%) |
35.2 |
37.0 |
(1.8pp) |
| Net debt / EBITDA (x) |
2.3 |
2.6 |
(0,2x) |
| EBITDA / net interest (x) |
8.6 |
8.3 |
0,3x |
| Basic earnings per share |
0,30 |
0,29 |
3.1% |
| Diluted earnings per share ⁽⁵⁾ |
0,30 |
0,29 |
2,6% |
(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: 5 August 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: 353954)
US and Canada callers: 877 660 6853
(Account Number: 3082, Conference ID: 353954) |