Free Cash Flow Growth Plan
Cogeco plans to materially grow free cash flow over the next two years, enabled by the end of a CapEx investment cycle and low dividend payout ratios providing room for continued dividend growth.
Transformation Program Ahead of Expectations
The transformation efforts have contributed to the expansion of consolidated EBITDA margins, with strong Internet subscriber metrics in Canada and year-over-year improvements in customer satisfaction in the US.
Canadian Subscriber Growth
Cogeco Connection grew its internet customer base by 8,300 subscribers this quarter, with higher customer penetration levels than target in completed regions of Quebec and Ontario.
Increase in Free Cash Flow
Free cash flow in constant currency increased by 12.8%, largely due to lower capital expenditures and financial expenses.