[ET Net News Agency, 3 August 2017] CK Hutchison Holdings (00001) said in its interim
results announcement that 3 Group Europe's active customers of 45.2 million as at 30 June
2017 was a 69% increase over the same period last year following the formation of Wind Tre
joint venture in November 2016.
This earnings accretive transaction has resulted in the significant uplift of 3 Group
Europe's revenue, EBITDA and EBIT in reported currency. Revenue, EBITDA and EBIT of
HK$33,215 million, HK$11,255 million and HK$7,510 million respectively were 10%, 33% and
39% higher against the same period last year respectively. In local currencies, EBITDA and
EBIT grew 40% and 46% respectively compared to same period last year, primarily from the
accretive contribution of the Wind Tre joint venture.
All 3 Group Europe operations continued to deliver positive EBITDA less capital
expenditure in the first half of 2017. (HL)