Nov 4, 2014 12:00 AM CET
Increased customer intake – delivering on the plan
The growth reflects an acceleration in customer intake and Com Hem continued to deliver on its growth plan:
Com Hem continued to optimize its capital structure:
1) Net result for the period excluding one-off costs associated with the IPO and refinancing of debt, adjusted for income tax, divided by the number of shares after the issuance of new shares and exercise of the over- allotment option. See Pro forma earnings per share on page 11 in the report.
“A strong set of numbers contribute to accelerated growth”
The third quarter demonstrates that we continue delivering on our growth strategy. All key metrics show significant progress. Total revenue was up almost 10% compared with the corresponding quarter last year, with consumer revenue rising by 5% – on the back of our sales momentum, lower churn and higher consumer ARPU.
Broadband has been our key focus during the quarter as we upgraded a significant proportion of our customer base and strengthened our market proposition, raising our minimum entry level speed to 50 Mbit/s – 5 times faster than the competition – and making it more attractive for customers to upgrade to higher speeds. These changes were supported by significant marketing activity and resulted in an all-time high number, since 2007, of 17,000 net additions to our broadband subscriber base in the quarter combined with a material improvement in the proportion of new customers choosing 100 Mbit/s and above.
You find the complete report with tables in the attached PDF or at:
Management will host a conference call for the financial community at 10.00 am CET today. The presentation will be held in English and the presentation material can be accessed on www.comhemgroup.com. An on-demand version is also available after the presentation.
Tomas Kihlstrand, Interim CFO
+46 725 45 99 16
Daniel Johansson, Head of Financial Control
+ 46 734 39 08 41
Carolina Haglund Strömlid, Head of Investor Relations
+ 46 708 80 71 73
Fredrik Hallstan, Head of PR
Tel: +46 761 15 38 30
Com Hem Holding AB discloses the information provided herein pursuant to the Swedish Securities Markets Act and/or the Swedish Financial Instruments Trading Act. The information was submitted for publication at 07:30 CET on November 4, 2014.