• Increase of revenues to EUR 478.7 million (pro forma1 + 3.9%)
  • Strong growth of Normalised EBITDA to EUR 250.3 million (pro forma + 7.1%)
  • Attractive Normalised EBITDA margin of 52.3% (pro forma + 1.6ppt)
  • Investments (Capex) reached EUR 153.1 million (32.0% of revenues)
  • Fourth Quarter 2016: solid increase of revenues to EUR 124.6 million(+ 3.4%) and of Normalised EBITDA to EUR 71.2 million (+ 10.0%) compared to pro forma Q4 2015 with a Normalised EBITDA margin close to 60%
  • Capex in Q4 FY2016 rose to EUR 74.2 million, in line with guidance for the year
  • Stable Homes connected of 3.608 million (+ 3k year on year) in line with guidance
  • Upgraded homes (homes two-way upgraded on own network) at year end 2016 reached 63.3% – fully on track towards the guided 71% in the medium term
  • Strong growth of Internet net adds in the fourth quarter with 20k RGUs, bringing the net adds for the year to 58k and resulting in a total of more than 520k Internet RGUs at year-end
Berlin, 7 March 2017. Tele Columbus AG (“Tele Columbus”, “Company” or “the Group”), the third largest German cable operator, published its preliminary financial results for the fourth quarter and full fiscal year 2016 reporting strong growth during the fiscal year with accelerating momentum towards the end of the year. The company met or even exceeded all financial targets previously communicated for the fiscal year 2016: revenues grew by 3.9% to EUR 478.7 million compared to the pro forma result of 2015, while Normalised EBITDA increased by 7.1% from EUR 233.8 million to EUR 250.3 million. The Normalised EBITDA margin in 2016 amounted to 52.3%, an increase of 1.6 ppt versus the pro forma margin of 50.7% achieved in the fiscal year 2015.

In the fourth quarter of fiscal year 2016, the Company showed a solid year-on-year increase in quarterly revenues of 3.4% to EUR 124.6 million and in Normalised EBITDA of 10.0% to EUR 71.2 million with a Normalised EBITDA margin close to 60%. At the same time, the capital expenditures reached a peak of EUR 74.2 million in the fourth quarter of 2016 following an acceleration of the Company’s migration program in order to upgrade more and more households for internet and telephony services and connect them to the Group’s integrated networks. This resulted in Capex of EUR 153.1 million for the full fiscal year 2016 and brought the total Capex to revenues ratio for the full year to 32.0%, being 3 percentage points lower than the 35% guided for.

The strong financial performance was supported by robust operational output, with particular strength towards the end of the year. In the fourth quarter 2016, the Group was able to boost Internet net adds to 20k RGUs, well above the 15k net adds in the third quarter of the fiscal year and resulting in total Internet net adds for the year of 58k. At year-end 2016, the company counted a total of more than 520k Internet RGUs. Homes connected were stable year on year at 3.6 million homes connected in line with the Company’s guidance. The number of upgraded homes reached 63.3% which is 1.0 ppt up versus 30 September 2016 and fully on track towards the guided 71% in the medium term.

Based on these results, the Tele Columbus Management Board is very confident to continue to drive the growth of the Group in 2017. “Our strong 2016 results prove that we have set the right strategic initiatives pushing organic growth, expanding the B2B business, pursuing further network acquisition opportunities and driving synergies from our integration process“, commented Ronny Verhelst, CEO of the Tele Columbus Group. “While we have entered a new dimension developing the Tele Columbus Group into a digital entertainment company with the introduction of our new advanceTV platform, we will continue to drive our core broadband business with undiminished investments in our infrastructure. And our story will become even more compelling with the launch of a new consumer brand towards the second half of 2017.”

The Management Board of Tele Columbus expects for the fiscal year 2017
  • stable Homes Connected of approximately 3.6 million, a
  • mid single digit percentage revenue growth versus FY2016, a
  • roughly 10% Normalised EBITDA growth year on year and
  • Capex as a percentage of revenues to range between 33 and 35%.


Together with the guidance for the fiscal year 2017, the Management Board re-iterates its medium term targets which were published in April 2016 at the Capital Markets Day in Berlin. The Company expects in the medium term
  • stable Homes Connected of approximately 3.6 million,
  • RGUs/subscriber to reach 1.8x,
  • total blended ARPU to grow to EUR 18 per month,
  • the two-way upgraded homes on own network to trend towards 71%,
  • mid to high single digit percentage revenue growth per annum,
  • high single digit percentage Normalised EBITDA growth per annum,
  • Capex as a percentage of revenues – after another peak year in FY2017 – trending towards peer levels and
  • a leverage target of 3.0-4.0x net debt/Normalised EBITDA.


Additional information:

Tele Columbus AG will publish its final results for fiscal year 2016 on 28 March 2017. On that occasion, the Company will schedule a conference call for Capital Markets participants only at 3pm CET (2pm GMT, 9am EST). An official invite for the conference call will follow suit.

Summary table for Q4 2015 / preliminary Q4 2016 and FY2015 / preliminary FY2016:

Bildschirmfoto 2017-03-07 um 07.33.56

About Tele Columbus

The SDAX listed Tele Columbus Group is Germany‘s third largest cable network operator. Via its origins – individual regional cable network operators that were merged into Tele Columbus – the company dates back to 1972. Today, about 3.6 million connected households in Germany are served by Tele Columbus, primacom, pepcom, Deutsche Telekabel, Martens und KMS with TV signals and, increasingly, digital broadcast packages, Internet and voice connections provided via high-performance broadband cable. As a national provider with a regional focus and a partner of the housing industry, the Group is present throughout its core markets Berlin, Brandenburg, Saxony, Saxony-Anhalt and Thuringia as well as in numerous key regions in western Germany. In tune with current demand trends, the company is upgrading its networks in a hybrid fibre-optic infrastructure for superfast Internet connections of up to several hundred megabits per second with the state-of-the-art Internet transmission standard DOCSIS 3.0. The broadband cable caters to the entire range of innovative media applications from analogous, digital and high-definition TV to high-speed Internet and voice connections to telemetry services, tenant portals and interactive services. Beyond merely transmitting signals, Tele Columbus uses its own product platform in order to actively increase the programme offering and to develop additional services. Via its company HL komm, Tele Columbus also delivers powerful connections and network services to business customers.


This release may contain forward-looking statements. These statements reflect the Company’s current knowledge and expectations and projections about future events. By their nature, forward-looking statements involve a number of risks, uncertainties, assumptions and other factors that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. Such risks, uncertainties and assumptions may cause our actual results, performance or achievements to differ materially from those expressed or implied by such forward-looking statements. In light of these risks and uncertainties, the forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially from those anticipated or implied in the forward-looking statements. Accordingly, investors are cautioned not to place undue reliance on the forward-looking statements, which speak only as of the date of this document.

This release contains references to certain non-GAAP financial measures, such as Normalized EBITDA and Capex, and operating measures, such as RGUs, ARPU, and Unique Subscribers calculations. These non-GAAP financial and operating measures should not be viewed in isolation as alternatives to measures of the Company’s financial condition, results of operations or cash flows as presented in accordance with IFRS. The non-GAAP financial and operating measures used by the Company may differ from, and not be comparable to, similarly titled measures used by other companies.

In addition, this release contains pro forma financials. Our pro forma financials have been prepared for illustrative purposes only. They are based on the assumption that the acquisitions of primacom and pepcom had occurred on 1 January 2015. Because of their nature, our pro forma financials address a hypothetical situation and, therefore, do not represent our actual results of operations. It is not necessarily indicative of the results that should be expected in the future and investors should not put undue reliance on these pro forma financials.

All information contained in this release has been carefully prepared. However, no reliance may be placed for any purposes whatsoever on the information contained in this document or on its completeness. No representation or warranty, express or implied, is given by or on behalf of the Company or any of its directors, officers or employees or any other person as to the accuracy or completeness of the information or opinions contained in this document and no liability whatsoever is accepted by the Company or any of its directors, officers or employees nor any other person for any loss howsoever arising, directly or indirectly, from any use of such information or opinions or otherwise arising in connection therewith. The Company does not undertake any obligation to update or revise any information contained in this release, including forward-looking statements, whether as a result of new information, future events or otherwise.


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