MULEGEEK TECHNOLOGIESMULEGEEK TECHNOLOGIES
  • 4G
  • 5G
  • Broadcast
  • Education
  • Mobile
  • streaming
  • Software
Facebook Twitter Instagram
Facebook Twitter Instagram
MULEGEEK TECHNOLOGIESMULEGEEK TECHNOLOGIES
  • 4G

    Cohere Technologies Receives Funding From Bell Ventures for

    January 30, 2023

    With 5.7% CAGR, Enterprise WLAN Market Size Worth USD 9.59

    January 30, 2023

    Redmi Note 11 price drops with a 28% discount; Check out deal

    January 30, 2023

    The 2023 Chevy Equinox Needs to Fix 1 Significant Issue

    January 29, 2023

    GL.iNet Beryl AX OpenWrt router review – WiFi 6 performance, repeater, NAS, and 4G hotspot modes

    January 29, 2023
  • 5G

    Oppo Reno8 T 5G and Enco Air3 set to launch on February 3 in India

    January 30, 2023

    Mafab Communications targets infrastructure sharing to push 5G service

    January 30, 2023

    Review – OPPO A78 5G

    January 30, 2023

    Nokia X30 5G review: Going green

    January 29, 2023

    Samsung Galaxy A14 5G vs. Galaxy A13 5G: Worth the upgrade?

    January 29, 2023
  • Broadcast

    Gracey swaps W Series for SailGP broadcast role

    January 30, 2023

    Lte And 5G Broadcast Market Analysis by Growth Facts and Revenue Figures over 2023 – 2032

    January 30, 2023

    Who is broadcasting Super Bowl 2023? A guide to the TV channel, announcers & more on Super Bowl 57 rights

    January 30, 2023

    How to listen to AFC Championship vs. Bengals

    January 29, 2023

    Journalists back Kan against budget cuts, say public broadcasting not up for debate

    January 29, 2023
  • Education

    How technology will transform global education in 2023

    January 27, 2023

    MassBay Community College Offering Free Computer & Technology Education and Training to Unemployed and Underemployed Workers

    January 27, 2023

    Need to focus on reshaping technology education, says CM Naveen Patnaik

    January 26, 2023

    Tech ed students make cornhole sets for Winter Regatta – WJFW-TV

    January 26, 2023

    Ontario updating curriculum for computer, technological education

    January 24, 2023
  • Mobile

    ROSALIND FRANKLIN UNIVERSITY ANNOUNCES $1 MILLION IN NEW FUNDING FROM NORTHSHORE UNIVERSITY HEALTH SYSTEM TO EXPAND MOBILE CLINIC COMMUNITY OUTREACH

    January 30, 2023

    Orange Belgium and Telenet sign two commercial wholesale agreements providing access to each other’s Hybrid Fiber Coaxial and Fiber to the Home networks

    January 30, 2023

    China Mobile Communications Co., China Mobile Financial Technology, Beijing Red Date Technology Company, IBM

    January 29, 2023

    Getting ready for your 2023 tax filing

    January 29, 2023

    Copper Wire’s Long Goodbye – UC Today

    January 29, 2023
  • streaming

    Southwest’s Loss, Comcast’s Growth, and Netflix’s Strategy

    January 30, 2023

    Video streaming subscriptions fall by two million in 2022 – BBC

    January 30, 2023

    The big changes coming to streaming services

    January 30, 2023

    NFL playoffs streaming guide: How to watch the Cincinnati Bengals – Kansas City Chiefs game

    January 29, 2023

    FuboTV Turned 8 Years Old In January

    January 29, 2023
  • Software

    Hackers Use TrickGate Software to Deploy Emotet, REvil, Other Malware

    January 30, 2023

    Updates To ezPaycheck Software Enables Trucking Companies Start Payroll, Mid-Year Easily

    January 30, 2023

    Major government tech contractors use monopolistic vendor-lock to drive revenue: study

    January 30, 2023

    Calibrite launches brand new monitor calibration software suite

    January 29, 2023

    Save $93 on This Mini AI Robotics Arm and Software

    January 29, 2023
MULEGEEK TECHNOLOGIESMULEGEEK TECHNOLOGIES
Home»Mobile»Cablevisión Holding Announces its Full Year and Last Quarter 2021 Results
Mobile

Cablevisión Holding Announces its Full Year and Last Quarter 2021 Results

By mulegeek-March 11, 2022No Comments5 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here.


BUENOS AIRES, ARGENTINA / ACCESSWIRE / March 10, 2022 / Cablevisin Holding S.A., (“Cablevision Holding”, “CVH” or “the Company” – (BCBA:CVH); (LSE:CVH);(Level 1: CVHSY), controlling shareholder of Telecom Argentina S.A. (NYSE: TEO), (BCBA:TECO2), announced today its Full Year and Last 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 December 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 (2021 vs. 2020):

  • Total Revenues reached Ps. 425,493 million, a decrease of 6.5% in real terms as of 2021, compared to the same period of 2020, mainly driven by lower revenues from fixed telephony, mobile, cable TV and internet, which was partially offset by higher revenues from equipment sales, in a context in which price increases for our services in 2021 weren´t sufficient to compensate for the lag vis a vis inflation (50.9% interannually as of December 2021).
  • Total Costs (Excluding Depreciation and Amortization) reached Ps. 293,011 million, a decrease of 2.4% in constant currency, mainly driven by lower bad debt expenses, taxes and fees with the Regulatory Authority, interconnection and transmission costs, commissions and advertising costs and programming and content costs; partially offset by higher costs of equipment and handset and higher employee benefits expenses and severance payments.
  • EBITDA reached Ps. 132,482 million as of 2021, a decrease of 14.5% in real terms compared to 2020, mainly driven by lower revenues, partially offset by lower operating costs, which resulted in a lower EBITDA Margin of 31.1% in 2021, compared to 34.0% in 2020.
  • Consolidated Net Income amounted Ps. 10,252 million. Consolidated net income attributable to the Controlling Company amounted to Ps. 3,698 million.

FINANCIAL HIGHLIGHTS

(millions of Ps. in constant Currency as of December 31, 2021)

2021 2020 % Ch. 4Q21 3Q21 4Q20 QoQ YoY

Total Revenues

425,493 455,234 (6.5 %) 102,596 106,082 105,343 (3.3 %) (2.6 %)

EBITDA (1)

132,482 154,930 (14.5 %) 27,600 31,277 30,170 (11.8 %) (8.5 %)

EBITDA Margin (2)

31.1 % 34.0 % (8.5 %) 26.9 % 29.5 % 28.6 % (8.8 %) (6.1 %)

Net income

10,252 (8,866 ) (215.6 %) 8,718 3,802 (7,010 ) 129.3 % (224.4 %)

Attributable to:

Equity Shareholders

3,698 (4,545 ) (181.4 %) 3,137 1,753 (3,698 ) 78.9 % (184.8 %)

Non-Controlling Interests

6,554 (4,321 ) (251.7 %) 5,581 2,049 (3,312 ) 172.4 % (268.5 %)

(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.

CONFERENCE CALL AND WEBCAST INFORMATION

CABLEVISIÓN HOLDING S.A

(BCBA:CVH) (LSE:CVH)
cordially invites you to participate in its Webcast Presentation

to discuss Full Year and Last Quarter 2021Results

Date: Monday, March 14, 2022

Time: 12:00pm Buenos Aires Time/11:00am New York Time/3:00pm London

The 2021 and 4Q21 results will be presented via webcast presentation. To access the live stream and slide presentation, visit: https://services.choruscall.com/links/cvhsy220314dQp6NdiX.html

The webcast presentation will also be available at: https://www.cablevisionholding.com/Investors

ABOUT THE COMPANY
CVH was founded 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 well known in the telecommunications and content distribution industries.

Disclaimer
Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of CVH. You can identify forward-looking statements by terms such as “expect”, “believe”, “anticipate”, “estimate”, “intend”, “will”, “could”, “may” or “might” the negative of such terms or other similar expressions. These statements are only predictions and actual events or results may differ materially. CVH does not intend to or undertake any obligation to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in CVH’s projections or forward-looking statements, including, among others, general economic conditions, CVH’s competitive environment, risks associated with operating in Argentina a, rapid technological and market change, and other factors specifically related to CVH and its operations.

Investor Relations Contacts:
In Buenos Aires:
Cablevisión Holding S.A.
Samantha Olivieri, Head of Investor Relations
Valentina Lopez, Sr. Analyst
Email: ir@cvh.com.ar
Tel: (+54 11) 4309 – 3417
www.cvh.com.ar

In New York:
Fig Corporate Communications
Camilla Ferreira and Marcella Ewerton Dragone
Email: fig@fig.ooo
Tel: +1 917 691-4047

SOURCE: Cablevision Holding S.A.

View source version on accesswire.com:
https://www.accesswire.com/692658/Cablevisin-Holding-Announces-its-Full-Year-and-Last-Quarter-2021-Results

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
mulegeek-
  • Website

Related Posts

ROSALIND FRANKLIN UNIVERSITY ANNOUNCES $1 MILLION IN NEW FUNDING FROM NORTHSHORE UNIVERSITY HEALTH SYSTEM TO EXPAND MOBILE CLINIC COMMUNITY OUTREACH

January 30, 2023

Orange Belgium and Telenet sign two commercial wholesale agreements providing access to each other’s Hybrid Fiber Coaxial and Fiber to the Home networks

January 30, 2023

China Mobile Communications Co., China Mobile Financial Technology, Beijing Red Date Technology Company, IBM

January 29, 2023

Leave A Reply Cancel Reply

Categories
  • 4G
  • 5G
  • Broadcast
  • Education
  • Mobile
  • Software
  • streaming

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Hackers Use TrickGate Software to Deploy Emotet, REvil, Other Malware

January 30, 2023

Cohere Technologies Receives Funding From Bell Ventures for

January 30, 2023

Oppo Reno8 T 5G and Enco Air3 set to launch on February 3 in India

January 30, 2023

Gracey swaps W Series for SailGP broadcast role

January 30, 2023
Facebook Twitter Instagram Pinterest
  • About Us
  • Cookies policy
  • Terms of services
  • Contact us
  • DIsclaimer
© 2023Designed by mulegeek.

Type above and press Enter to search. Press Esc to cancel.

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT