- Q1 2012 results reflect continued improved financial trends
- Atlantic Canada TM service
This news release contains forward-looking statements. For a description of the related risk factors and assumptions please see the section entitled "Forward-looking Information" later in this release.
HALIFAX April 25, 2012
"Declines in our traditional local and long distance revenues were offset by increases in every other major revenue category. While timing of certain events may result in future quarters of 2012 having softer year-over-year comparators than the first quarter, we are very pleased that signs of future growth are occurring in many areas of the business. We are very well positioned to achieve solid financial results with improving trends in 2012, in line with the guidance ranges we set out in February.
FibreOP FibreOP Atlantic Canada FibreOP . FibreOP Sudbury, Ontario FibreOP
First quarter 2012 highlights 1
$87 million $84 million $0.38 $0.45 $0.37 $0.44 $3 million
|(unaudited)||Q1 2012||Q1 2011||Percentage Change|
|Free Cash Flow*||80||88||(9.4%)|
$4 million FibreOP $4 million
$17 million March 2012
$80 million $8 million $200 million
$14 million $9 million March 2012
March 2012 FibreOP March 2012. FibreOP
$17 million March 2012 FibreOP
$3 million $3 million
$0.4750 June 29, 2012 June 15, 2012
$0.303125 $0.284375 June 29, 2012 June 15, 2012
Unless otherwise stated, dividends paid by Bell Aliant and Bell Aliant Preferred Equity Inc. to Canadian residents are "eligible dividends" as defined by the Canadian Income Tax Act and corresponding provincial legislation.
Analyst Conference Call
April 25, 2012 4:30 p.m. (EDT) Toronto May 23, 2012
1 See Notes section at the end of this release for definitions of the non-International Financial Reporting Standard (IFRS) financial metrics including EBITDA, free cash flow and adjusted earnings per share.
The information contained in this news release is unaudited.
|(1)||Bell Aliant derives virtually all of its income from its ownership in Bell Aliant GP. Bell Aliant GP’s results consolidate the results of Bell Aliant Regional Communications, Limited Partnership; Télébec, Limited Partnership; NorthernTel, Limited Partnership; and Bell Aliant Preferred Equity Inc.|
|(2)||Percentage changes quoted in this release related to dollar values are based on amounts rounded to the nearest hundred-thousand, consistent with disclosure in Bell Aliant’s supplementary information package and Bell Aliant GP’s MD&As for the first quarter of 2012. Dollar values quoted in this release are rounded to the nearest million unless otherwise stated.|
|(3)||Definitions of non-IFRS measures:|
|b.||Free cash flow|
|c.||Adjusted earnings per share|
April 25, 2012
Bell Aliant encourages investors to review the risk factors section below, and related disclosures, for a discussion of the various factors that could cause actual results to differ from what is currently expected.
Should any risk factor affect Bell Aliant in an unexpected manner, or should assumptions underlying the forward-looking statements prove incorrect, the actual results or events may differ materially from the results or events predicted. Unless otherwise indicated, forward-looking information does not take into account the effect that transactions, or non-recurring or other special items, announced or occurring after this information is provided, may have on the business. All of the forward-looking information reflected in this press release and the documents referred to within it are qualified by these cautionary statements. There can be no assurance that the results or developments anticipated by Bell Aliant will be realized or, even if substantially realized, that they will have the expected consequences for Bell Aliant.
Except as may be required by Canadian securities laws, Bell Aliant disclaims any intention and assumes no obligation to update or revise any forward-looking information, even if new information becomes available as a result of future events or for any other reason. Readers should not place undue reliance on any forward-looking information. Forward-looking information is provided for the purpose of providing information about management’s current expectations and plans relating to fiscal 2012 or other future periods. Readers are cautioned that such information may not be appropriate for other purposes.
About Bell Aliant
North America’s Canada FibreOP
SOURCE BELL ALIANT INC.