Pursuant to art. 56, clause 1, item 1 of the Law of July 29, 2005 on public offering and the conditions for introducing financial instruments to the organised trading system and on public companies (Journal of Laws of 2005, No. 184, item 1539), the Management Board of Telekomunikacja Polska S.A. (“TP S.A”, “TP”, “Company”) hereby provides selected financial and operating data related to the activities of TP Group for the first half (H1) ended June 30, 2009.
TP Group reports results for the first half 2009
- Revenue erosion (-6.1%) despite further growth in broadband (+12.6%)
- Broadband total customer base up +10.1%
- Mobile post-paid customer base up +10.9%
- EBITDA margin down to 37.8% reflecting revenue decline and persisting weakness of Polish zloty (PLN)
- No additional shareholder remuneration to be paid in 2009; overall Group dividend policy maintained
- Net Free Cash Flow up to 17.4% of revenue, supporting 2009 objective of at least PLN 3 billion
- EUR 700 million of bonds under European Medium Term Notes program successfully placed
- Review of medium-term strategy in progress
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