Report
Konrad Zomer

Telenet : Only few investors have a time horizon that matches that of Telenet

>We believe adjusted EBITDA growth in 2023 seems highly unlikely. - At its CMD, Telenet management reiterated its FY 2022 guidance of approx.. 1% growth in both revenue and adj EBITDA (this was -1% and -2% respectively at the 1H stage so plenty of work to do in 2H). However, no new medium-term guidance was introduced (too much uncertainty), which is understandable but disappointing. Mandatory wage inflation could add some EUR 30-40m to next year’s opex and as 55% of n...
Underlying
Telenet Group Holding NV

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Konrad Zomer

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