United Group, the leading cable and media player in South Eastern Europe, reported its financial results for 2021.

Financial Highlights include:

Consolidated Group revenue for FY 2021 grew 63% year-on-year to €1,894.3 million (FY 2020: €1,161.3 million)
Consolidated Group adjusted EBITDAal increased 60% in FY 2021 to €695.7 million (FY 2020: €434.2 million)
Net cash outflow of €130.6 million recorded in FY 2021 versus an inflow of €35.3 million in FY 2020

As at December 31, 2021, net leverage for United Group (ratio of Group Net Debt to Annualized Last Two Quarters Adjusted EBITDAal) increased to 5.02x (December 31, 2020: 4.58x)

As at December 31, 2021, Pro Forma net leverage for United Group (ratio of Group Net Debt to Annualized Last Two Quarters Adjusted Pro Forma EBITDAal) increased to 4.97x (December 31, 2020: 4.70x)