Net Servicos Announces a US$ 192.4 million Net Revenue in 4Q05
02 Fevereiro 2006 - 9:00AM
PR Newswire (US)
SAO PAULO, Brazil, Feb. 2 /PRNewswire-FirstCall/ -- Net Servicos de
Comunicacao S.A. (Nasdaq: NETC; Bovespa: NETC4 and NETC3; and
Latibex: XNET), the largest Pay-TV multi-service operator in Latin
America, and an important provider of bi-directional broadband
Internet access (Virtua), announced today its 4Q05 financial
results. The following financial and operating information, except
where otherwise stated, is presented in U.S. GAAP on a consolidated
basis. -- Net Revenue totaled US$ 192.4 million in the quarter, a
54.0% increase in comparison to US$124.9 million in 4Q04. -- The
Company recorded Consolidated EBITDA of US$ 49.5 million in the
quarter, 38.9% higher than the US$ 35.6 million recorded in 4Q04.
In 2005, Consolidated EBITDA reached US$ 185.7 million, a 45.6%
jump in comparison to the US$ 127.5 million recorded in 2004. This
growth in EBITDA is a result of the organic growth recorded in
both, pay-TV and broadband bases, which is being accomplished
without losing focus on profitability. -- The Company's Net Debt
ended the quarter at US$ 187.3 million, a 18.7% drop in comparison
to US$ 230.4 million net debt recorded in 4Q04. The net debt to
EBITDA ratio at the end of the year was 1.0x. -- Client ARPU went
from US$ 37.17 in 4Q04 to US$ 52.16 in this quarter, a 40.3%
increase. -- The Company recorded Net Loss of US$ 2.1 million this
last quarter of 2005, versus a US$ 49.0 million a net loss recorded
in the same period of the previous year. The improvement in the
Company's operating income, measured by EBIT, together with the
improvement in the Company's capital structure had an important
contribution to this result and its solidity will be the base for
the continuity of positive results in the future. Conference Call
-- February 6, 2006 US GAAP (in English): 1:30 pm (Eastern Time)
Phone: (+1 973) 409-9260 ID Code: Net Servicos Brazilian Corporate
Law (in Portuguese): 2:30 pm (Eastern Time) Phone: (+55 11)
2101-1490 ID Code: Net Servicos Simultaneous Webcast (audio):
http://www.ir.netservicos.com.br/ Full Release:
http://www.ir.netservicos.com.br/ First Call Analyst: FCMN Contact:
renata.mattos@mz-ir.com DATASOURCE: Net Servicos de Comunicacao
S.A. CONTACT: Investor Relations: Marcio Minoru, +5511-2111-2811, ,
or Sandro Pina, +5511-2111-2721, , both of Net Servicos Web site:
http://www.ir.netservicos.com.br/
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