tvn sa (TVNWF) Snapshot

TVN Spolka Akcyjna reported consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported revenue of PLN 343 million compared to PLN 365 million a year ago. Adjusted EBITDA was PLN 85 million compared to PLN 90 million a year ago. Reported EBITDA was PLN 98 million compared to PLN 90 million a year ago. Net result for the quarter was negative at PLN 46 million, with the impact of depreciation, amortization and financial result on EBITDA offset to a small extent by PLN 20 million of an income tax benefit. Net loss attributable to the owners of the company amounted to PLN 44 million. Net debt at March 31, 2012 was PLN 2 billion. Free cash inflow reached PLN 76 million compared to free cash outflow of PLN 68 million a year before, mainly owing to positive working capital impact on operating cash flow and significantly lower capex.

TVN Spolka Akcyjna, Q1 2013 Earnings Call, May 08, 2013

TVN Spolka Akcyjna plans to pay a dividend of either PLN 0.59 or PLN 0.72 a share. The final amount will depend on the outcome of the debt refinancing plan. If it is completed before the general shareholders meeting, the proposed dividend will total PLN 0.72 a share and will be paid on December 9, 2013. If the refinancing of the senior notes, maturing in 2017, is not made by the time shareholders gather, the dividend will amount to PLN 0.59 a share and will be paid on May 8, 2013.