Tele Columbus AG Announces Earnings Results for the Second Quarter and First Half of 2017; Provides Financial Guidance for the Year 2017
For the first half, the company reported revenues of EUR 245.4 million against EUR 235.9 million a year ago. Normalized EBITDA was EUR 123.5 million against EUR 115.4 million a year ago. Capex was EUR 46.6 million against EUR 47.8 million a year ago. The company also successfully increased the Normalised Total Operating Performance which includes own work capitalized amongst others to EUR 259.3 million, up EUR 9.6 million or 3.9% from year on year.
The company expects fiscal year 2017 targets with mid single digit percentage revenue growth versus fiscal year 2016, around 10% Normalised EBITDA growth year on year and Capex of 33% to 35% of revenues.