Caution Concerning Forward-Looking Statements
This press release contains forward-looking statements about the objectives, strategies, financial conditions, results of operations and businesses of the Company. These statements are forward-looking as they are based on our current expectations, as at February 5, 2013, about our business and the markets we operate in, and on various estimates and assumptions. Our actual results could materially differ from our expectations if known or unknown risks affect our business, or if our estimates or assumptions turn out to be inaccurate. As a result, there is no assurance that any forward-looking statements will materialize. Risks that could cause our results to differ materially from our current expectations are discussed in section 6 of our February 5, 2013 Management's Discussion and Analysis. We disclaim any intention or obligation to update any forward-looking statements, except as required by law, even if new information becomes available, as a result of future events or for any other reason.
Financial Highlights
(in thousands of Canadian dollars - except share and per share information)
---------------------------------------------------------------------------- For the three-month periods For the years ended ended December 31, December 31,Yellow Media Limited 2012 2011 2012 2011----------------------------------------------------------------------------Revenues $264,447 $313,315 $1,107,715 $1,328,866Income (loss) from operations ($199,942) $109,731 ($2,846,463) ($2,415,084)Net earnings (loss) from continuing operations $823,536 $48,222 ($1,954,005) ($2,708,122)Basic earnings (loss) per share from continuing operations attributable to common shareholders $29.30 $1.53 ($70.66) ($97.66)Cash flow from operating activities from continuing operations $61,749 $92,964 $238,573 $336,573----------------------------------------------------------------------------EBITDA(1) $141,564 $147,198 $570,600 $679,707EBITDA margin(1) 53.5% 47.0% 51.5% 51.1%----------------------------------------------------------------------------Weighted average number of common shares outstanding 27,955,077 27,955,077 27,955,077 27,955,077Dividends on common shares - - - $207,345Dividends declared per common share - - - $0.40----------------------------------------------------------------------------
Non-IFRS Measures(1)
In order to provide a better understanding of the results, the Company uses the term EBITDA, defined as income from operations before depreciation and amortization, impairment of goodwill, intangible assets and property, plant and equipment, acquisition-related costs and restructuring and special charges. Management believes this measure is reflective of ongoing operations. This term is not a performance measure defined under IFRS. EBITDA does not have any standardized meaning and is therefore not likely to be comparable to similar measures used by other publicly traded companies. Management believes EBITDA to be an important measure.
Contacts:
Investor Relations
Amanda Di Gironimo
Senior Manager, Corporate Finance and Investor Relations
(514) 934-2680
[email protected]
Media
Fiona Story
Senior Manager, Public Relations
(514) 934-2672
[email protected]
