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20/2011 TP Group reports results for the full year 2010 above guidance - Orange Polska

Pursuant to art. 56, clause 1, item 1 of the Law of July 29, 2005 on public offering and the conditions for introducing financial instruments to the organised trading system and on public companies (Journal of Laws of 2005, No. 184, item 1539 with amendments), the Management Board of Telekomunikacja Polska S.A. (“TP S.A”, “TP”) hereby provides selected financial and operating data related to the activities of TP Group for 4Q and the full year 2010.

TP Group reports results for the full year 2010 above guidance
TP Group reports performance upturn in 4Q 2010

overview

  • 2010 revenue decline limited to 5.1% (-8.8% in 2009), reflecting four consecutive quarters of improvement in trend 
    • Group 4Q revenue down by 1.2% year-on-year, versus -3.9% in 3Q 
    • 4Q mobile revenue up by 6.4% year-on-year as compared to +1.7% in 3Q 
  •  2010 commercial successes: 618,000 additional mobile customers and 172,000 growth in TV subscribers 
  •  2010 restated* EBITDA margin at 36.7%, reflecting ~PLN 0.5bn cost savings 
  • 2010 restated* net income down by 6.5% year-on-year, compared to -41.4% in 2009 
  • net free cash flow objective exceeded: PLN2.45bn 
  • cash dividend of PLN 1.5 per share proposed by management**

    * excluding the PLN 1.1bn revision of the provision for the DPTG dispute, recorded in 3Q2010
    ** subject to AGM approval

download the full report in PDF  (101 KB)

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