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Cablevisión Holding Announces Nine months and Third Quarter 2020 Results (9M20 and 3Q20)

·5-min read


, 11/12/2020 / 15:16, EST/EDT - EQS Newswire - Cablevision Holding S.A.


BUENOS AIRES, ARGENTINA / ACCESSWIRE / November 11, 2020 / Cablevisión Holding S.A., ("Cablevision Holding", "CVH" or "the Company" - (BCBA:CVH)(LSE:CVH) Level 1: CVHSY), controlling shareholder of Telecom Argentina S.A. (NYSE: TEO, BCBA: TECO2), announced today its nine months and third quarter 2020 Results. Figures have been prepared in accordance with International Financial Reporting Standards ("IFRS") and are stated in constant Argentine Pesos ("Ps." or "P$") as of September 30, 2020, unless otherwise indicated.

The Company's Management has applied IAS 29 in the preparation of these financial statements (inflation adjustment) because Resolution 777/18, issued by the Comisión Nacional de Valores ("CNV"), establishes that the restatement will be applied to the annual financial statements.

CVH Highlights (9M20 vs. 9M19):

FINANCIAL HIGHLIGHTS

(1) EBITDA is defined as Total Revenues minus operating cost and expenses (excluding depreciation and amortization). We believe that EBITDA is a meaningful measure of our performance. It is commonly used to analyze and compare media companies based on operating performance, leverage and liquidity. Nonetheless, EBITDA is not a measure of net income or cash flow from operations and should not be considered as an alternative to net income, an indication of our financial performance, an alternative to cash flow from operating activities or a measure of liquidity. Other companies may compute EBITDA in a different manner; therefore, EBITDA as reported by other companies may not be comparable to EBITDA as we report it.
(2) EBITDA Margin is defined as
EBITDA over Total Revenues.

For a full version of this earnings release with financial statements, go to: https://www.cablevisionholding.com/Investors

CONFERENCE CALL INFORMATION

CABLEVISIÓN HOLDING S.A
cordially invites you to participate in its conference call and webcast presentation
to discuss Third Quarter 2020 Results

Date: Wednesday, November 18, 2020
Time: 12:00pm Buenos Aires Time/10:00am New York Time/3:00pm London

To access the conference call, please dial:
Argentina Participants: 0-800-666-0250
U.S. Participants: 1-877-830-2576
All other countries: +1-785-424-1726
Passcode: CVH

The 3Q20 results will be accompanied by a webcast presentation. To access the live stream and slide presentation, visit: https://services.choruscall.com/links/cvhsy2011180ih9kytp.html

A replay of the conference call will be available four hours after its conclusion, and will remain available for 7 days. To access the replay, please dial from the within the U.S. 1-844-488-7474, or from anywhere outside the U.S. +1-862-902-0129. The passcode is: 55721014

The webcast presentation will be archived at: https://www.cablevisionholding.com/Investors/Presentations

About the Company

CVH was funded as corporate spinoff from Grupo Clarín S.A. and it is the first Argentine holding company that engages in the development of infrastructure and the provision of convergent telecommunications services, focusing on the country and the region. The companies, products and brands that depend on Cablevisión Holding are already big names in the telecommunications and content distribution industries. They specialize in the provision of cable TV, broadband and mobile communications services.

Investor Relations Contacts:

In Buenos Aires:

Cablevisión Holding S.A
Agustín Medina Manson
Valentina López
Email: ir@cvh.com.ar
Tel: (+54 11) 4309 - 3417
www.cvh.com.ar

In New York:

i-advize Corporate Communications, Inc
Camilla Ferreira / Kenia Vargas
Email: cferreira@i-advize.com or
kvargas@i-advize.com
Tel: +1 212 406 3695 / 3696

SOURCE: Cablevisión Holding S.A via EQS Newswire



11/12/2020 EQS Newswire / EQS Group AG


(millions of Ps.in constant Currency as of September 30, 2020)

 

 

9M20

 

 

 

9M19

 

 

% Ch.

 

 

 

3Q20

 

 

 

2Q20

 

 

 

3Q19

 

 

QoQ

 

 

YoY

 

Total Revenues

 

 

208,220

 

 

 

218,182

 

 

 

(4.6

%)

 

 

67,022

 

 

 

70,000

 

 

 

72,555

 

 

 

(4.3

%)

 

 

(7.6

%)

EBITDA (1)

 

 

74,247

 

 

 

72,340

 

 

 

2.6

%

 

 

22,881

 

 

 

26,462

 

 

 

23,645

 

 

 

(13.5

%)

 

 

(3.2

%)

EBITDA Margin (2)

 

 

35.7

%

 

 

33.2

%

 

 

7.5

%

 

 

34.1

%

 

 

37.8

%

 

 

32.6

%

 

 

(3.7

%)

 

 

1.6

%

Income for the period

 

 

(1,102

)

 

 

(20,642

)

 

 

(94.7

%)

 

 

(3,428

)

 

 

(821

)

 

 

(30,372

)

 

 

317.3

%

 

 

(88.7

%)

Attributable to:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Shareholders

 

 

(501

)

 

 

(10,215

)

 

 

(95.1

%)

 

 

(1,447

)

 

 

(328

)

 

 

(13,554

)

 

 

340.7

%

 

 

(89.3

%)

Non-Controlling Interests

 

 

(601

)

 

 

(10,427

)

 

 

(94.2

%)

 

 

(1,981

)

 

 

(492

)

 

 

(16,818

)

 

 

302.7

%

 

 

(88.2

%)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(millions of Ps.in constant Currency as of September 30, 2020)

 

 

9M20

 

 

 

9M19

 

 

% Ch.

 

 

 

3Q20

 

 

 

2Q20

 

 

 

3Q19

 

 

QoQ

 

 

YoY

 

Total Revenues

 

 

208,220

 

 

 

218,182

 

 

 

(4.6

%)

 

 

67,022

 

 

 

70,000

 

 

 

72,555

 

 

 

(4.3

%)

 

 

(7.6

%)

EBITDA (1)

 

 

74,247

 

 

 

72,340

 

 

 

2.6

%

 

 

22,881

 

 

 

26,462

 

 

 

23,645

 

 

 

(13.5

%)

 

 

(3.2

%)

EBITDA Margin (2)

 

 

35.7

%

 

 

33.2

%

 

 

7.5

%

 

 

34.1

%

 

 

37.8

%

 

 

32.6

%

 

 

(3.7

%)

 

 

1.6

%

Income for the period

 

 

(1,102

)

 

 

(20,642

)

 

 

(94.7

%)

 

 

(3,428

)

 

 

(821

)

 

 

(30,372

)

 

 

317.3

%

 

 

(88.7

%)

Attributable to:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity Shareholders

 

 

(501

)

 

 

(10,215

)

 

 

(95.1

%)

 

 

(1,447

)

 

 

(328

)

 

 

(13,554

)

 

 

340.7

%

 

 

(89.3

%)

Non-Controlling Interests

 

 

(601

)

 

 

(10,427

)

 

 

(94.2

%)

 

 

(1,981

)

 

 

(492

)

 

 

(16,818

)

 

 

302.7

%

 

 

(88.2

%)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


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