As in the first quarter, fluctuating exchange rates and changes in the composition of the Group had a considerable impact on the development of results in the first six months. Reported revenue declined by three percent to E30.1 billion. On an organic basis, i.e. adjusted for exchange rate effects and changes in the composition of the Group, revenue would have increased slightly by 0.3 per cent to E30.8 billion. At E9.5 billion, the Group's adjusted EBITDA was down 0.5 per cent on the previous year. On an organic basis, EBITDA would have increased by 0.5 per cent to E9.7 billion.

Adjusted net profit rose by 21.9 per cent to E1.4 billion. Free cash flow increased by 58.2 per cent compared with the first half of 2007 to E3.6 billion.

Other posts by Nick Snow:

1. Ride to thrive
2. Here isn’t the news
3. Paramount end game?
4. 2024, less will be more
5. AVoD: A Very Onerous Deal?
6. Dominion sees end of KRM reign
7. Charter: The streamer showdown
8. And, so, it is written
9. BT: Tough gig

Categories: Articles, Broadband, Results