Netia announces guidance for 2009 (8/2009)
The Management Board of Netia S.A. (the “Company” or “Netia”) today announces the increase of its EBITDA guidance for 2009 by 16% to PLN 260 mln.
Following a strong 2008 fourth quarter’s and January 2009’s trading, excellent progress on the integration of Tele2 Polska Sp. z o.o. (“Tele2”) into the Netia Group and completion of financial planning for 2009, Management now expects higher revenue and improved margins relative to previous guidance (see Netia’s current reports No. 58/2008, 69/2008 and 74/2008).
|Number of broadband service clients (excl. Ethernet acquisitions)|
|Number of voice service clients (own network and WLR)|
|Unbundled local loop (LLU) nodes|
Revenues (PLN m)
EBITDA (PLN m)
Investment outlays (excl. M&A) (PLN m)
Subscriber guidance excludes potential for further Ethernet network acquisitions which remain important to Netia’s strategy but are difficult to forecast in time and amount.
Substantially improved market share position following the Tele2 acquisition enables Netia to rebalance its broadband driven growth strategy to increase the focus on accelerating improvements in profitability, leverage on scale economies and roll-out of LLU.
The medium term outlook for Netia Group is maintained as follows (see Netia’s current report No 58/2008):
|Medium term outlook|
|Revenue growth (CAGR)|
5% - 10%
|EBITDA margins |
|Net profit by|
|Free cash flow positive by|
|Capex to sales down to 15% by|
|1 million broadband subscribers|
Netia will publish its results for Q4 2008 and 2008 financial year on February 24, 2009. 2008 guidance as announced on December 22, 2008 (see current report No. 74/2008) remains unchanged.
Netia announces that it will continue to monitor the possibilities of achieving the forecast results on a quarterly basis. The achievement of the forecast results will be assessed, and any necessary adjustments introduced, after the end of a given quarter of the financial year based on an analysis of sales revenues, investment expenditure, numbers of customers and any other factors it may consider relevant.
None of the information contained in this press release is a recommendation to purchase or sell financial instruments within the meaning of the Regulation of the Minister of Finance on information constituting recommendations regarding financial instruments or their issuers, dated 19 October 2005 (Polish Journal of Laws (Dz. U.) of 2005, No. 206, item 1715). For a more detailed description of the risks involved in investing in Netia’s securities, please see Netia’s 2007 annual financial report. Subject to the obligations referred to herein, Netia is not required to publicly update or revise any of its forecasts and assumptions of the strategic objectives.