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Neuf Reports 4Q07

PARIS -- Neuf Cegetel has reported its (unaudited) revenue figures for the fourth quarter showing:
  • Total revenue growth of 20% to €911 million. Slightly over 10 points of this increase came from organic growth, with the remainder reflecting the impact of the acquisitions of AOL and Club Internet.
  • The strong momentum of the Mass Market (growth of 64%, including organic growth of 27%) and Enterprises (growth of 8%) divisions.
  • In the Mass Market division: the further rapid growth in the broadband client base to 3,224,000 at 31 December, and in broadband ARPU, which stood at over €36 excluding taxes over the quarter as a whole (versus €35 expected).
  • In the Enterprises division: the success of the data offers, with 173,000 sites connected at 31 December; close to 40% of new links being installed are now for voice over IP.


Over 2007 as a whole, the Group’s revenues advanced by 16% to €3,348 million

On the back of these firm trends, the Group has reiterated its growth targets for 2008, i.e. growth in excess of 20% in Mass Market revenues and of between 5% and 10% in Enterprises revenues.

Organic growth(1) of 10% in the fourth quarter.

During the fourth quarter of 2007, the Mass Market and Enterprises divisions, the Group’s two main growth engines, continued to power the growth in revenues, which amounted to €911 million, up 20% compared with the fourth quarter of 2006. Fourth quarter’s growth was similar to third quarter’s, even though the acquisition of AOL (consolidated from 1 November 2006) impacted only one month of the fourth quarter compared with three months during the third quarter. The Group’s organic growth(1) during the fourth quarter of 2007 amounted to 10.3%, compared with a growth during the fourth quarter of 2006 of 5.7% excluding the impact of the AOL acquisition. The sharp acceleration since the beginning of 2006 has thus continued.

Neuf Cegetel Group (Euronext: NEUF)

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