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Provider: Reuters Investment Profile

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Ziggo NV Revises FY 2013 Outlook To A Range Below Analysts' Estimates

Thursday, 18 Jul 2013 01:33am EDT 

Ziggo NV announced that following the decision to further step up its campaigns and investments in customer retention, its Ziggo WifiSpots and the launch of its mobile offering, and taking into consideration the higher than anticipated churn in the first half year, its outlook for fiscal 2013 will change. The Company now anticipate fiscal 2013 organic revenue growth (excluding 'revenues from other sources') to be around 1%, whilst adjusted EBITDA is expected to be in line with last year. The Company reported revenue of EUR1.537 billion and EBITDA of EUR880 million in fiscal 2012. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of EUR1.589 billion and EBITDA of EUR907 million for fiscal 2013. 

Company Quote

0.05 +0.14%
23 Jul 2014