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22 February 2010

Netia announces guidance for 2010 (6/2010)

The Management Board of Netia SA (hereinafter the “Company” or “Netia”), following an analysis of the Company’s financial and operating results for the financial year 2009, hereby announces the Company’s guidance for the 2010 financial year


2010 Guidance


Number of broadband service clients (excl. Ethernet acquisitions)


Number of voice service clients (own network, WLR and LLU)


Unbundled local loop (LLU) nodes



Revenues (PLN m)


Adjusted EBITDA (PLN m)


Adjusted EBITDA margin (PLN m)






Capital investments (excl. M&A) (PLN m)


Capital investments to sales (%)


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.

In addition, Netia forecasts to be net profitable for the full year 2010.

The medium term outlook for Netia Group is maintained as follows (see Netia’s current report No 49/2009):


Medium term outlook


Revenue growth (CAGR) overall

3% - 5%

Revenue growth (CAGR) in retail market segments

5% - 10%

EBITDA margin in 2010 (%) 
EBITDA margin in 2012 (%)


Net profit by


Capex to sales down to 15% by


1 million broadband subscribers


The previously published objective of free cash-flow positive results by 2010 was achieved a year earlier than planned (see Netia’s results for 2009 financial year published on February 22, 2010).
Netia expects to grow its free-cash flows year on year from hereon as it continues to implement its broadband driven growth strategy.

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 will be introduced after the end of a given quarter of the financial year based on an analysis of sales revenues, investment expenditure, number 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.

Legal basis: §5 section 1.25 of the Regulation of the Council of Ministers dated 19 February 2009 on current and periodical information disclosed by issuers of securities and conditions for recognizing as equivalent information required by the laws of a non-member state (Journal of Laws of 2009, No. 33, item 259).