DGAP-News

Tele Columbus AG: Strong Q1 results underline successful start into the year

DGAP-News: Tele Columbus AG / Key word(s): Quarter Results Tele Columbus AG: Strong Q1 results underline successful start into the year 22.05.2017 / 07:12 The issuer is solely responsible for the content of this announcement. PRESS RELEASE Tele Columbus AG: Strong Q1 results underline successful start into the year Publication of first quarter results 2017

- Revenues of EUR 121.0 million (up 4.3% year on year); Normalised EBITDA of EUR 61.1 million (up 8.2% year on year)

- Positive momentum for Internet RGUs continues: total base now at 535k, up 12.6% year on year

- Successful repricing of senior credit facilities resulting in 20% lower interest expenses per annum

- Promising launch of advanceTV

- Management confirms its FY 2017 guidance

Berlin, 22 May 2016. Tele Columbus AG ("Tele Columbus", "Company" or "the Group"), the third largest German cable operator, published its financials for the first quarter of fiscal year 2017. The Group successfully continued on its growth path recording an 4.3% revenue increase year on year to EUR 121.0 million (Q1 FY2016: EUR 116.1 million). The company also increased the normalised total operating performance which includes own work capitalized amongst others by 4.1% year on year to EUR 127.9 million (Q1 FY2016: EUR 122.8 million). Positively, Normalised EBITDA for the quarter grew disproportionately to EUR 61.1 million, resulting in an increase of 8.2% year on year (Q1 FY2016: EUR 56.5 million). This led to a Normalised EBITDA margin of 50.5%, up 1.9ppt from the first quarter of FY2016. In the reported period, Tele Columbus again invested significantly in its network infrastructure and technological innovation by spending EUR 21.9 million on capital expenditures (18.0% of revenues).