Telenet : An event stock that struggles with operational momentum
>Tough operational momentum going into 2023 - Telenet remains on track to – only just – achieving its FY 2022 revenue and adjusted EBITDA guidance of approximately +1%. However, for 2023, we believe the company faces significant earnings pressure; we expect adjusted EBITDA to decline by almost 5% next year and are some 4.6% below consensus. Higher wage costs of € 30-40m (mandatory wage inflation, currently at 9%), higher energy costs of € 30-40m (in October, only 45% ...Telenet Group Holding is a holding company. Through its subsdiairies and its broadband network, Co. is engaged in the provision of cable television, including television services, broadband internet and telephony services to residential subscribers in Flanders and certain communes in Brussels as well as broadband internet, data and voice services in the business market throughout Belgium and parts of Luxembourg. In addition, Co. is engaged in the provision of mobile telephony services through a mobile virtual network operator partnership with Mobistar NV.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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