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Euronext
Lisbon PSI 20
The Portugal Telecom Group
is the largest telecommunications and multimedia business organisation
in Portugal. It offers a range of products and services at the level of
the most advanced international companies in the sector, in which quality,
diversification and innovation are decisive aspects.
The group dominates the
market of local, long distance and international telephone services and
the circuit rental service. It is also national leader in mobile phones
services, paging, cable television, data communication, value added and
television broadcasting
http://www.telecom.pt
17 Nov 09 7:50 2009 first
nine month results
Portugal Telecom announced
today its results for the first nine months ended 30 September 2009.
Press
release
PDF
230KB
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)
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