HTCC (Invitel) has published its 2007 and Q2007 XNUMX results, respectively

HTCC increased revenue to $ 385,2 million for the fiscal year ended December 2007, 31. This represents an increase of 103% compared to the revenue level of $ 2006 million for the year ended December 31, 189,3.

HTCC's gross margin increased 120% to $ 200,6 million in the year ended December 2007, 31, compared to $ 2006 million a year earlier in the year ended December 91,3, 2007. . Operating income, which was affected by integration costs related to the restructuring of operating companies following the acquisition of Invitel, increased by 31% to $ 46,2 million in the year ended December 58, 2006. compared to $ 31 million for the year.

Net cash from HTCC operations was $ 2007 million for the year ended December 31, 104,8. HTCC's Preliminary Adjusted EBITDA, which does not take into account any future synergies from the Invitel acquisition, increased by 17% to $ 190,5 million in the same year compared to the Preliminary Adjusted EBITDA for the same period last year (162,8, $ XNUMX million).

When evaluating the financial results, Martin Lea, the president and CEO of HTCC, said the following: "I am very satisfied with our financial results in 2007, especially considering that we were able to increase the preliminary adjusted EBITDA value by 2006% compared to 17 . I think this reflects the very hard work of all the company's employees over the past 12 months, and the fact that our revenues and gross margins are becoming more stable. After the acquisition of Invitel and then Tele2, we became a much stronger market player, which gives us greater efficiency in the competition. We are particularly pleased with the continued growth of broadband Internet ADSL. I look forward to being able to provide additional information at our conference discussion to be held in the near future, during which our annual and quarterly results will be discussed."

Martin Lea added: “I am pleased to report that we have already made significant progress in implementing our integration plans following the acquisition of Invitel and are well on track to exceed our preliminary cost reduction estimates announced in January 2007. We currently expect to achieve approximately EUR 17 million (USD 25,8 million) in synergies in annual operating expenses through the acquisition of Invitel. Finally, I look forward to completing the acquisition of Memorex this month. Through this transaction, our company will become the leading provider of wholesale data and capacity to the Central and Eastern European region, further enhancing our prospects for future growth. ”