Liberty books top-line growth of 2.2%

6 Nov 2015

UK-based Liberty Global booked total consolidated revenue of USD4.60 billion in the three months ended 30 September 2015, an increase of 2.2% year-on-year and including USD308.8 million across its Latin American division (LiLAC) – up 2.9% y-o-y – USD4.02 billion in Western Europe (+3.8%) and USD266.2 million from its Central and Eastern European operations (-14.7%). Liberty attributed the growth primarily to the inclusion of Dutch operator Ziggo and organic growth, with these factors offsetting the negative impact of foreign currency movements. The group’s Operating Cash Flow (OCF) for the period stood at USD2.19 billion, up from USD2.11 billion in the corresponding period of 2014, whilst it registered Free Cash Flow (FCF) of USD770.3 million compared to USD309.8 million twelve months earlier – the growth due for the most part to the inclusion of Ziggo.

In terms of Revenue Generating Units (RGUs), Liberty reported a total of 53.171 million across its European operations, up from 52.871 million in Q2 2015, with 25.754 million unique customers – equating to 2.06 RGUs per customer relationship, up from 2.05 three months earlier. The group’s LiLAC division, meanwhile, booked 3.488 million RGUs (up from 3.464 million in June 2015) and 1.659 million customers, representing 2.10 RGUs per customer relationship, unchanged quarter-on-quarter but down slightly from 2.14 in September 2014.

United Kingdom, Liberty Global (incl. LGI)