Cablevision Holding S.A.
Cablevisión Holding announces its First Quarter 2021 Results
BUENOS AIRES, ARGENTINA / ACCESSWIRE / May 11, 2021 / Cablevisión Holding S.A., ("Cablevision Holding", "CVH" or "the Company'' – (BCBA:CVH)(LSE: CVH)(OTC PINK:CVHSY), controlling shareholder of Telecom Argentina S.A. (TEO)(TECO2), announced today its first quarter 2021 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 March 31, 2021, unless otherwise indicated. The Company's Management has applied IAS 29 (inflation adjustment) in the preparation of these financial statements, following the provisions of Resolution 777/18, issued by the Comisión Nacional de Valores ("CNV"). CVH Highlights (1Q21 vs. 1Q20):
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 LIVE WEBCAST INFORMATION CABLEVISIÓN HOLDING S.A (BCBA:CVH)(LSE:CVH) to discuss First Quarter 2021 Results Date: Tuesday, May 18, 2021 Time: 12:00pm Buenos Aires Time/11:00am New York Time/4:00pm London To access the live stream and slide Webcast presentation, visit: https://services.choruscall.com/links/cvhsy210518tW9c2pKp.html The webcast presentation will also be available at: https://www.cablevisionholding.com/Investors ABOUT THE COMPANY CVH was founded as a corporate spin-off 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 Argentina and the region. CVH's subsidiaries specialize in the provision of cable TV, broadband and mobile communications services; and their brands are already well known in the telecommunications and content distribution industries. CONTACT: In Buenos Aires: In New York: SOURCE: Cablevision Holding S.A.
05/11/2021 EQS Newswire / EQS Group AG |