Cablevision Holding S.A.
Cablevisión Holding announces its Full Year and Fourth Quarter 2020 Results (FY20 and 4Q20)
BUENOS AIRES, ARGENTINA / ACCESSWIRE / March 10, 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 full year and fourth 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 December 31, 2020, 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 (2020 vs. 2019):
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 AND WEBCAST INFORMATION CABLEVISIÓN HOLDING S.A (BCBA: CVH / LSE: CVH) cordially invites you to participate in its conference call and webcast presentation to discuss Fourth Quarter 2020 Results Date: Wednesday, March 17, 2021 Time: 12:00 pm Buenos Aires Time/11:00 am New York Time/3:00 pm London To access the conference call, please dial: U.S. Participants: 1-877-830-2576 All other countries: +1-785-424-1726 The 4Q20 results will be accompanied by a webcast presentation. To access the live stream and slide presentation, visit: https://services.choruscall.com/links/cvhsy210414xGAotx0s.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: 64921135. The webcast presentation will be archived at: https://www.cablevisionholding.com/Investors/Presentations Investor Relations Contacts: In Buenos Aires: In New York: ABOUT THE COMPANY CVH was funded as 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. SOURCE: Cablevision Holding S.A.
03/10/2021 EQS Newswire / EQS Group AG |