Cablevisión Holding Announces Its Full Year and Last Quarter 2024 Results
Cablevisión Holding (CVH) reported its Full Year and Last Quarter 2024 Results, showing mixed performance. Total Revenues reached Ps. 4,137,596 million, declining 7.7% in real terms compared to 2023, as price increases failed to keep pace with Argentina's 117.8% inflation rate.
However, Q4 2024 showed improvement with revenues of Ps. 1,056,272 million, marking the first quarter with positive performance above inflation. EBITDA reached Ps. 1,155,545 million, dropping 8.1% in real terms, with margin declining slightly to 27.9% from 28.1% in 2023. Excluding severance payments, EBITDA margin improved to 31.1% from 29.4%.
Total Costs (excluding depreciation and amortization) decreased by 7.6% to Ps. 2,982,051 million. The company reported a Consolidated Net Income of Ps. 1,024,708 million, with Ps. 387,106 million attributable to the Controlling Company.
Cablevisión Holding (CVH) ha riportato i risultati dell'intero anno e dell'ultimo trimestre del 2024, mostrando una performance mista. Le Entrate Totali hanno raggiunto i Ps. 4.137.596 milioni, in calo del 7,7% in termini reali rispetto al 2023, poiché gli aumenti dei prezzi non sono riusciti a tenere il passo con il tasso di inflazione dell'Argentina del 117,8%.
Tuttavia, il Q4 2024 ha mostrato un miglioramento con entrate di Ps. 1.056.272 milioni, segnando il primo trimestre con una performance positiva superiore all'inflazione. EBITDA ha raggiunto i Ps. 1.155.545 milioni, con un calo dell'8,1% in termini reali, mentre il margine è diminuito leggermente al 27,9% rispetto al 28,1% del 2023. Escludendo i pagamenti di liquidazione, il margine EBITDA è migliorato al 31,1% rispetto al 29,4%.
I Costi Totali (escludendo ammortamenti e svalutazioni) sono diminuiti del 7,6% a Ps. 2.982.051 milioni. L'azienda ha riportato un Reddito Netto Consolidato di Ps. 1.024.708 milioni, con Ps. 387.106 milioni attribuibili alla Società Controllante.
Cablevisión Holding (CVH) informó sus resultados del año completo y del último trimestre de 2024, mostrando un rendimiento mixto. Los Ingresos Totales alcanzaron Ps. 4,137,596 millones, disminuyendo un 7.7% en términos reales en comparación con 2023, ya que los aumentos de precios no lograron mantenerse al ritmo de la inflación del 117.8% en Argentina.
No obstante, el Q4 2024 mostró una mejora con ingresos de Ps. 1,056,272 millones, marcando el primer trimestre con un rendimiento positivo por encima de la inflación. EBITDA alcanzó Ps. 1,155,545 millones, cayendo un 8.1% en términos reales, con un margen que disminuyó ligeramente al 27.9% desde el 28.1% en 2023. Excluyendo los pagos por despido, el margen EBITDA mejoró al 31.1% desde el 29.4%.
Los Costos Totales (excluyendo depreciación y amortización) disminuyeron un 7.6% a Ps. 2,982,051 millones. La compañía reportó un Ingreso Neto Consolidado de Ps. 1,024,708 millones, con Ps. 387,106 millones atribuibles a la Compañía Controladora.
케이블비전 홀딩스 (CVH)는 2024년 전체 연도 및 마지막 분기 실적을 발표했으며, 혼합된 성과를 보였습니다. 총 수익은 Ps. 4,137,596 백만에 도달했으며, 2023년 대비 실질적으로 7.7% 감소하였고, 가격 인상이 아르헨티나의 117.8% 인플레이션율을 따라가지 못했습니다.
그러나 2024년 4분기는 Ps. 1,056,272 백만의 수익을 기록하며 인플레이션을 초과하는 긍정적인 성과를 보인 첫 분기로 나타났습니다. EBITDA는 Ps. 1,155,545 백만에 도달하여 실질적으로 8.1% 감소하였으며, 마진은 2023년 28.1%에서 27.9%로 약간 감소했습니다. 퇴직금 지급을 제외하면 EBITDA 마진은 29.4%에서 31.1%로 개선되었습니다.
총 비용 (감가상각 및 상각 제외)은 Ps. 2,982,051 백만으로 7.6% 감소했습니다. 회사는 연결 순이익을 Ps. 1,024,708 백만으로 보고했으며, 이 중 Ps. 387,106 백만은 지배 회사에 귀속됩니다.
Cablevisión Holding (CVH) a publié ses résultats pour l'année complète et le dernier trimestre de 2024, montrant une performance mixte. Les Revenus Totaux ont atteint Ps. 4.137.596 millions, en baisse de 7,7% en termes réels par rapport à 2023, les augmentations de prix n'ayant pas réussi à suivre le taux d'inflation de 117,8% en Argentine.
Cependant, le T4 2024 a montré une amélioration avec des revenus de Ps. 1.056.272 millions, marquant le premier trimestre avec une performance positive au-dessus de l'inflation. EBITDA a atteint Ps. 1.155.545 millions, en baisse de 8,1% en termes réels, avec une marge légèrement en baisse à 27,9% contre 28,1% en 2023. En excluant les paiements de départ, la marge EBITDA s'est améliorée à 31,1% contre 29,4%.
Les Coûts Totaux (hors amortissement et dépréciation) ont diminué de 7,6% pour atteindre Ps. 2.982.051 millions. L'entreprise a déclaré un Résultat Net Consolidé de Ps. 1.024.708 millions, dont Ps. 387.106 millions sont attribuables à la Société Contrôlante.
Cablevisión Holding (CVH) hat die Ergebnisse für das gesamte Jahr und das letzte Quartal 2024 veröffentlicht, die eine gemischte Leistung zeigen. Der Gesamtumsatz erreichte Ps. 4.137.596 Millionen und sank um 7,7% in realen Zahlen im Vergleich zu 2023, da Preiserhöhungen nicht mit der Inflationsrate von 117,8% in Argentinien Schritt halten konnten.
Im vierten Quartal 2024 zeigte sich jedoch eine Verbesserung mit Einnahmen von Ps. 1.056.272 Millionen, was das erste Quartal mit einer positiven Leistung über der Inflation markiert. EBITDA erreichte Ps. 1.155.545 Millionen, was einem Rückgang von 8,1% in realen Zahlen entspricht, während die Marge leicht von 28,1% im Jahr 2023 auf 27,9% sank. Ohne Abfindungszahlungen verbesserte sich die EBITDA-Marge von 29,4% auf 31,1%.
Die Gesamtkosten (ohne Abschreibungen und Amortisation) sanken um 7,6% auf Ps. 2.982.051 Millionen. Das Unternehmen berichtete von einem konsolidierten Nettoergebnis von Ps. 1.024.708 Millionen, wobei Ps. 387.106 Millionen der kontrollierenden Gesellschaft zuzurechnen sind.
- Q4 2024 showed first positive revenue performance above inflation
- EBITDA margin ex-severance improved to 31.1% from 29.4%
- Total costs decreased 7.6% in constant currency
- Positive consolidated net income of Ps. 1,024,708 million
- Total revenues declined 7.7% in real terms
- EBITDA decreased 8.1% in real terms
- EBITDA margin declined to 27.9% from 28.1%
- Price increases failed to keep pace with 117.8% inflation
BUENOS AIRES, AR / ACCESS Newswire / February 27, 2025 / Cablevisión Holding S.A., ("Cablevision Holding", "CVH" or "the Company" - BCBA: CVH; Level 1: CVHSY), controlling shareholder of Telecom Argentina S.A. (NYSE:TEO)(BCBA:TECO2), announced today its Full Year and Last Quarter 2024 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, 2024, 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 (2024 vs. 2023):
Total Revenues reached Ps. 4,137,596 million, a decrease of
7.7% in real terms as of 2024, compared to the same period of 2023, in a context in which price increases for some of our services - net of discounts offered to retain customers- during 2023 and 2024 weren´t sufficient to compensate for the lag vis a vis inflation (117.8% interannually as of December 2024).Total Revenues for 4Q24 reached Ps. 1,056,272 million, the first quarter with a positive interannual performance above inflation.
Total Costs (Excluding Depreciation and Amortization) reached Ps. 2,982,051 million, a decrease of
7.6% in constant currency, driven by lower costs on all items.EBITDA reached Ps. 1,155,545 million as of 2024, a decrease of
8.1% in real terms compared to 2023, mainly driven by lower revenues, partially offset by lower operating costs, which resulted in an EBITDA Margin of27.9% in 2024, compared to28.1% in 2023. EBITDA margin for 2024, excluding the effect of severance payments was31.1% versus29.4% for the previous year.Consolidated Net Income amounted to Ps. 1,024,708 million. Consolidated net income attributable to the Controlling Company amounted to Ps. 387,106 million.
FINANCIAL HIGHLIGHTS
(millions of Ps. in constant Currency as of December 31, 2024) |
| 2024 |
|
| 2023 |
|
| % Ch. |
|
| 4Q24 |
|
| 3Q24 |
|
| 4Q23 |
|
| QoQ |
|
| YoY |
| ||||||||
Total Revenues |
|
| 4,137,596 |
|
|
| 4,483,972 |
|
|
| (7.7 | %) |
|
| 1,056,272 |
|
|
| 1,062,066 |
|
|
| 1,043,183 |
|
|
| (0.5 | %) |
|
| 1.3 | % |
EBITDA (1) |
|
| 1,155,545 |
|
|
| 1,258,016 |
|
|
| (8.1 | %) |
|
| 269,132 |
|
|
| 287,983 |
|
|
| 268,254 |
|
|
| (6.5 | %) |
|
| 0.3 | % |
EBITDA Margin (2) |
|
| 27.9 | % |
|
| 28.1 | % |
|
| (0.5 | %) |
|
| 25.5 | % |
|
| 27.1 | % |
|
| 25.7 | % |
|
| (6.0 | %) |
|
| (0.9 | %) |
Net income |
|
| 1,024,708 |
|
|
| (537,504 | ) |
|
| (290.6 | %) |
|
| 1,344 |
|
|
| (13,587 | ) |
|
| (825,232 | ) |
|
| (109.9 | %) |
|
| (100.2 | %) |
Attributable to: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Equity Shareholders |
|
| 387,106 |
|
|
| (216,729 | ) |
|
| (278.6 | %) |
|
| (4,198 | ) |
|
| (8,023 | ) |
|
| (322,620 | ) |
|
| (47.7 | %) |
|
| (98.7 | %) |
Non-Controlling Interests |
|
| 637,602 |
|
|
| (320,775 | ) |
|
| (298.8 | %) |
|
| 5,542 |
|
|
| (5,563 | ) |
|
| (502,613 | ) |
|
| (199.6 | %) |
|
| (101.1 | %) |
(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 / OTC: CVHSY)
cordially invites you to participate in its Webcast Presentation
to discuss the Full Year and Last Quarter 2024 Results
Date: Wednesday, March 5, 2025
Time: 12:00pm Buenos Aires /10:00am New York /3:00pm London
To access the live stream and slide presentation, visit: https://event.choruscall.com/mediaframe/webcast.html?webcastid=S4XsN4Yh
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.
Investor Relations Contacts In Buenos Aires: | In New York |
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.
SOURCE: Cablevision Holding S.A.
View the original press release on ACCESS Newswire
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