BUENOS AIRES, ARGENTINA / ACCESSWIRE / August 12, 2024 / Cablevisión Holding S.A., (“Cablevision (NYSE:) Holding”, “CVH” or “the Company”) – (BCBA:CVH)( Degree 1: CVHSY), controlling shareholder of Telecom Argentina (NYSE:) S.A. (NYSE: TEO, BCBA: TECO2), introduced right this moment its First Half and Second Quarter 2024 Outcomes. Figures have been ready in accordance with Worldwide Monetary Reporting Requirements (“IFRS”) and are said in fixed Argentine Pesos (“Ps.” or “P$”) as of June 30, 2024, until in any other case indicated.

The Firm’s Administration has utilized IAS 29 (inflation adjustment) within the preparation of those monetary statements, following the provisions of Decision 777/18, issued by the Comisión Nacional de Valores (“CNV”).

CVH Highlights (1H24 vs. 1H23):

• Complete Revenues reached Ps. 1,666,979 million, a lower of 13.3% in actual phrases as of 1H24, in comparison with the identical interval of 2023, in a context through which price will increase for our providers in 2023 and the primary half of 2024 weren’t adequate to compensate for the lag vis a vis inflation (271.5% interannually as of June 2024).

• Complete Prices (Excluding Depreciation and Amortization) reached Ps. 1,172,951 million, a lower of 14.9% in fixed foreign money, pushed by decrease prices on all gadgets.

• EBITDA reached Ps. 494,028 million as of 1H24, a lower of 9.1% in actual phrases in comparison with 1H23, primarily pushed by decrease revenues, partially offset by decrease working prices, which resulted in an EBITDA Margin of 29.6% in 1H24, in comparison with 28.3% in 1H23.

• Consolidated Web Revenue amounted to Ps. 856,045 million. Consolidated internet revenue attributable to the Controlling Firm amounted to Ps. 329,661 million.

FINANCIAL HIGHLIGHTS

⁽¹⁾ EBITDA is outlined as Complete Revenues minus working value and bills (excluding depreciation and amortization). We consider that EBITDA is a significant measure of our efficiency. It’s generally used to research and examine media firms primarily based on working efficiency, leverage and liquidity. Nonetheless, EBITDA will not be a measure of internet revenue or money circulation from operations and shouldn’t be thought-about as an alternative choice to internet revenue, a sign of our monetary efficiency, an alternative choice to money circulation from working actions or a measure of liquidity. Different firms might compute EBITDA in a special method; subsequently, EBITDA as reported by different firms will not be similar to EBITDA as we report it.

^{(2 )} EBITDA Margin is outlined as EBITDA over Complete Revenues.

CONFERENCE CALL AND WEBCAST INFORMATION

CABLEVISIÓN HOLDING S.A
(BCBA: CVH / OTC: CVHSY)
cordially invitations you to take part in its Webcast Presentation
to debate the First Half and Second Quarter 2024 Outcomes

Date: Thursday, August 14, 2024
Time: 12:30pm Buenos Aires /11:30am New York /4:30pm London

To entry the dwell stream and slide presentation, go to: https://occasion.choruscall.com/mediaframe/webcast.html?webcastid=sHFfjdM4

The webcast presentation can even be obtainable at: https://www.cablevisionholding.com/Traders

ABOUT THE COMPANY

CVH was based as company spin-off from Grupo Clarín S.A. and it’s the first Argentine holding firm that engages within the improvement of infrastructure and the supply of convergent telecommunications providers, specializing in Argentina and the area. CVH’s subsidiaries specialize within the provision of cable TV, broadband and cellular communications providers; and their manufacturers are well-known within the telecommunications and content material distribution industries.

Disclaimer

Among the info on this press release might include projections or different forward-looking statements relating to future occasions or the longer term monetary efficiency of CVH. You may establish forward-looking statements by phrases equivalent to “expect”, “believe”, “anticipate”, “estimate”, “intend”, “will”, “could”, “may” or “might” the unfavorable of such phrases or different related expressions. These statements are solely predictions and precise occasions or outcomes might differ materially. CVH doesn’t intend to or undertake any obligation to replace these statements to mirror occasions and circumstances occurring after the date hereof or to mirror the prevalence of unanticipated occasions. Many elements may trigger the precise outcomes to vary materially from these contained in CVH’s projections or forward-looking statements, together with, amongst others, common financial circumstances, CVH’s aggressive setting, dangers related to working in Argentina a, fast technological and market change, and different elements particularly associated to CVH and its operations.

SOURCE: Cablevision Holding S.A.

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